Quadplex with Shared
For Sale
$600,000
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$193.67
Days on Market54
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:
Winhill Advisors - Kirby
(713) 461-6800
Listed By:
Christina Pehrson
(832) 660-2986
Source:
Garygreene
Added: Aug 25
Changed: Oct 16
Last Checked: Oct 16 at 6:10AM
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 Winhill Advisors - Kirby
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$40,577
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
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
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 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 6.76%
Second Best
Apartment 5plus
$501.4K
$438.7K – $585.0K
NOI $35,098 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$796.6K
$697.1K – $929.4K
NOI $55,764 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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 $600,000.
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
