East End Multifamily Investment
For Sale
$395,000
305 Eastwood Street, Houston, TX 77011
Four units in Houston's East End, great investment potential.
Property Size2,576 SF
Price / SF$153.34
Days on Market341
Property Features for 305 Eastwood Street
General Information
Standard status
Active
Size
2,576 SF
Property subtype
Income
Taxes and HOA fees
Annual Taxes
$9,822
Amenities
Yes
1
Appraiser
9320
2576
Building Details
Building Size
2,576 SF
Year Built
1927
Stories
1
Listing Agency:
Premier Property Group
(713) 965-0812
Listed By:
Margaret Labbe'
(713) 253-9563
Source:
Garygreene
Added: Nov 11, 2025
Changed: Oct 16
Last Checked: Oct 16 at 7:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Premier Property Group
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Investment Insights
Based on property information with market context.
This property presents an investment opportunity in Houston's East End, featuring two duplexes situated on the same lot, resulting in a total of four units. Each unit includes one bedroom and one bathroom. Each unit has its own utilities. Two of the units are currently occupied by tenants. The roof is approximately 15 years old and appears to be in good condition. There is potential to add additional units or garages to the rear of the property to increase value. The units require some structural work and cosmetic updates to achieve maximum value. This property is priced for sale.
Key Highlights
- Two duplexes on one lot.
- Four 1‑bedroom, 1‑bathroom units in total.
- Located in the high‑demand East End area of Houston.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,740
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,800
$674.8K
Cap Rate 7%
$482,000
$482.0K
Cap Rate 9%
$374,889
$374.9K
Market Conditions
NOI Build-Up for 2,576 SF
Gross rent
$51.0K $19.80/SF
− Vacancy
−$2.8K −$1.09/SF
EGI
$48.2K $18.71/SF
− OpEx
−$14.5K −$5.61/SF
NOI
$33.7K $13.10/SF
Area
Houston, TX
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,800
Cap Rate 7%
$482,000
Cap Rate 9%
$374,889
Alternative Uses
Best Use
Multifamily LT 5
$482.0K
$421.8K – $562.3K
NOI $33,740 @ 7.0% cap · market cap 8.54%
Second Best
Apartment 5plus
$416.9K
$364.8K – $486.4K
NOI $29,184 @ 7.0% cap · market cap 7.39%
Theoretical Best
Office A
$662.4K
$579.6K – $772.8K
NOI $46,368 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,164
Businesses Nearby
Explore this area
Business Placement
Demographics for 77011, TX
16,841
Population
7,366
Households
2.3
Avg Household Size
37
Median Age
10%
College-Educated
59%
High-School Grad
3.4 sq mi
ZIP Area
4,953
Density / Sq Mi
$49,163
Median Household Income
$36,517
Median Earnings
$1,063
Median Rent
$187,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four units in Houston's East End, great investment potential.
Where is this quadplex located?
The property is located at 305 Eastwood Street Houston, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two duplexes on one lot.; Four 1‑bedroom, 1‑bathroom units in total.; Located in the high‑demand East End area of Houston.
