Houston Fourplex with Leasing
3721 Tuam St 4 Houston, TX 77004
3721 Tuam St 4, Houston, TX, 77004
$390,000
For Sale
$390,000
Fourplex with two ready-to-lease units and development potential.
Property Size2,600 SF
Price / SF$150
Days on Market69
Property Features for 3721 Tuam St 4
General Information
- Standard status
- Active
- Size
- 2,600 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1952
Listing agency
(832) 247-6333
Listed by
Brian Janak
(832) 247-6333
Source
Elliman
Added: May 15 Updated: Jul 10 at 1:34PM Checked: Jul 21 at 8:49AM
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 Brian Janak
Investment Insights
Based on property information with market context.
This fourplex features units with similar dimensions, each offering two bedrooms and one bathroom within a 650-square-foot layout. Two of the units are ready for lease, while the remaining two require completion. Parking is available directly in front of the building, accommodating three cars, possibly four if they are small. The property is located in an area with a bike score of 70, indicating it is very bikeable, and a walk score of 78, suggesting it is very walkable. The transit score is 63, which indicates good transit options are available. The property offers potential for residential income.
Key Highlights
- 4‑unit multi‑family property (4plex)
- Two units are ready for immediate lease
- Each unit offers 2 bedrooms and 1 bathroom within 650 sq ft
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.5k | $19.80 |
| − Vacancy | −$2.8k | −$1.09 |
| EGI | $48.6k | $18.71 |
| − OpEx | −$14.6k | −$5.61 |
| NOI | $34.1k | $13.10 |
2,600 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$486.5K
$425.7K – $567.6K
NOI $34,054 @ 7.0% cap · market cap 8.73%
Second Best
Apartment 5plus
$420.8K
$368.2K – $490.9K
NOI $29,456 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$668.6K
$585.0K – $780.0K
NOI $46,800 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fourplex with two ready-to-lease units and development potential.
Where is this quadplex located?
The property is located at 3721 Tuam St 4 Houston, TX.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 4‑unit multi‑family property (4plex); Two units are ready for immediate lease; Each unit offers 2 bedrooms and 1 bathroom within 650 sq ft
