Quadplex with Shared
For Sale
$624,900
3502 Rosedale Street, Houston, TX 77004
Four-unit residential property with central climate control, in-unit laundry hookups, and access to a large common yard.
Property Size3,098 SF
Price / SF$201.71
Days on Market8
Property Features for 3502 Rosedale Street
General Information
Standard status
Active
Size
3,098 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Amenities
central heating and air conditioning
large shared backyard
Tile,Vinyl,Wood,Hardwood
Yes
2
3
Window Coverings
Washer Hookup,Dryer Hookup
Appraiser
Granite Counters,Window Treatments,Ceiling Fan(s),Programmable Thermostat
Partial
Corner Lot,Near Public Transit
8216
Two
Paved
3098
Building Details
Building Size
3,098 SF
Year Built
1954
Stories
2
Listing Agency:
Medve Real Estate, LLC
(832) 660-2986
Listed By:
Christina Pehrson
(832) 660-2986
Source:
Garygreene
Added: Aug 25
Changed: Aug 31
Last Checked: Aug 31 at 1:26PM
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 Medve Real Estate, LLC
Investment Insights
Based on property information with market context.
This 3,098-square-foot quadplex was constructed in 1954 and includes central heating and air conditioning. Interior finishes include tile, vinyl, wood, and hardwood, with granite countertops, window treatments, ceiling fans, and programmable thermostats. Washer and dryer hookups are provided, and residents share a large backyard.
The property is located at 3502 Rosedale Street in Houston, near public transit and within walking distance of the University of Houston, Texas Southern University, MacGregor Park, and Energy Institute High School. The Texas Medical Center, Downtown Houston, Houston Zoo, and Toyota Center are approximately 10 minutes away.
The property is located at 3502 Rosedale Street in Houston, near public transit and within walking distance of the University of Houston, Texas Southern University, MacGregor Park, and Energy Institute High School. The Texas Medical Center, Downtown Houston, Houston Zoo, and Toyota Center are approximately 10 minutes away.
Key Highlights
- 3,098‑square‑foot quadplex built in 1954
- Central heating and air conditioning
- Large shared backyard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,577
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$811,540
$811.5K
Cap Rate 7%
$579,671
$579.7K
Cap Rate 9%
$450,856
$450.9K
Market Conditions
NOI Build-Up for 3,098 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$61.3K $19.80/SF
− Vacancy
−$3.4K −$1.09/SF
EGI
$58.0K $18.71/SF
− OpEx
−$17.4K −$5.61/SF
NOI
$40.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$811,540
Cap Rate 7%
$579,671
Cap Rate 9%
$450,856
Alternative Uses
Best Use
Multifamily LT 5
$579.7K
$507.2K – $676.3K
NOI $40,577 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$501.4K
$438.7K – $585.0K
NOI $35,098 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$796.6K
$697.1K – $929.4K
NOI $55,764 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
604
Businesses Nearby
Explore this area
Business Placement
Demographics for 77004, TX
37,005
Population
18,321
Households
2
Avg Household Size
31
Median Age
57%
College-Educated
96%
High-School Grad
5.2 sq mi
ZIP Area
7,116
Density / Sq Mi
$65,901
Median Household Income
$55,909
Median Earnings
$1,320
Median Rent
$384,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential property with central climate control, in-unit laundry hookups, and access to a large common yard.
Where is this quadplex located?
The property is located at 3502 Rosedale Street Houston, TX.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: 3,098‑square‑foot quadplex built in 1954; Central heating and air conditioning; Large shared backyard
