4plex with Private
For Sale
$375,000
3917 Harrisburg Blvd, Houston, TX 77003
Four 1-bedroom units with spacious balconies; fenced, gated property with recent electrical, plumbing, siding, and window updates.
Property Size2,880 SF
Days on Market172
Property Features for 3917 Harrisburg Blvd
General Information
Standard status
Active
Size
2,880 SF
Property subtype
Investment
Site & Location
Neighborhood
Second Ward
Fenced Yard
Yes
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,350
Building Details
Building Size
2,880 SF
Year Built
1935
Stories
2
Listing Agency:
Carlos Garcia Realty, Inc.
Listed By:
Eric Garcia · License #0690804
(713) 928-5211
Source:
Elliman
Added: May 19
Changed: Oct 16
Last Checked: Nov 5 at 9:22AM
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 Carlos Garcia Realty, Inc.
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Investment Insights
Based on property information with market context.
This for-sale quadplex offers four 1-bedroom units, each designed with its own spacious balcony overlooking Harrisburg Blvd. The property is fully fenced and gated. Reported updates include electrical, plumbing, siding, and windows.
The asset is located on Harrisburg Blvd in Houston, TX (77003). Proof of funds is required with an offer.
The asset is located on Harrisburg Blvd in Houston, TX (77003). Proof of funds is required with an offer.
Key Highlights
- 1935‑built 4plex with four 1‑bedroom units
- Each unit includes a spacious balcony overlooking Harrisburg Blvd
- Unit layout includes 1.5 baths per unit (designed for 1.5 bath each)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,628
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$652,560
$652.6K
Cap Rate 7%
$466,114
$466.1K
Cap Rate 9%
$362,533
$362.5K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$63.2K $21.96/SF
− Vacancy
−$3.9K −$1.36/SF
EGI
$59.3K $20.60/SF
− OpEx
−$26.7K −$9.27/SF
NOI
$32.6K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$652,560
Cap Rate 7%
$466,114
Cap Rate 9%
$362,533
Alternative Uses
Best Use
Multifamily LT 5
$538.9K
$471.5K – $628.7K
NOI $37,721 @ 7.0% cap · market cap 10.06%
Second Best
Apartment 5plus
$466.1K
$407.9K – $543.8K
NOI $32,628 @ 7.0% cap · market cap 8.70%
Theoretical Best
Office A
$740.6K
$648.0K – $864.0K
NOI $51,840 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,168
Businesses Nearby
Explore this area
Business Placement
Demographics for 77003, TX
11,874
Population
6,201
Households
1.9
Avg Household Size
36
Median Age
49%
College-Educated
93%
High-School Grad
2.7 sq mi
ZIP Area
4,398
Density / Sq Mi
$88,837
Median Household Income
$63,831
Median Earnings
$1,562
Median Rent
$363,000
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 1-bedroom units with spacious balconies; fenced, gated property with recent electrical, plumbing, siding, and window updates.
Where is this quadplex located?
The property is located at 3917 Harrisburg Blvd Houston, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1935‑built 4plex with four 1‑bedroom units; Each unit includes a spacious balcony overlooking Harrisburg Blvd; Unit layout includes 1.5 baths per unit (designed for 1.5 bath each)
