4-Unit Multifamily
4-3405 Drew St, Houston, TX 77006
For Sale
$421,987
Pending
All four apartments are leased, with a two-bedroom, one-bathroom layout in each.
Property Size3,120 SF
Days on Market398
Property Features for 4-3405 Drew St
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Listing Agency:
JLA Realty
(713) 489-8130
Listed By:
William Roane
(281) 409-9432
Source:
Exprealty
Added: Oct 9, 2025
Changed: Nov 2
Last Checked: Nov 10 at 9:45AM
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 JLA Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Houston multifamily property contains four apartments, each configured with two bedrooms and one bathroom. The building totals 3,120 square feet, and all units are currently rented.
The property is at 3405 Drew St, with Texas Southern University approximately 5 minutes away and the University of Houston approximately 3 minutes away. Downtown Houston and the Medical Center are also referenced as nearby destinations, though no distance is specified.
The property is at 3405 Drew St, with Texas Southern University approximately 5 minutes away and the University of Houston approximately 3 minutes away. Downtown Houston and the Medical Center are also referenced as nearby destinations, though no distance is specified.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- All four units are currently rented
- 3,120‑square‑foot multifamily property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,347
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$706,940
$706.9K
Cap Rate 7%
$504,957
$505.0K
Cap Rate 9%
$392,744
$392.7K
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$68.5K $21.96/SF
− Vacancy
−$4.2K −$1.36/SF
EGI
$64.3K $20.60/SF
− OpEx
−$28.9K −$9.27/SF
NOI
$35.3K $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%
$706,940
Cap Rate 7%
$504,957
Cap Rate 9%
$392,744
Alternative Uses
Best Use
Multifamily LT 5
$583.8K
$510.8K – $681.1K
NOI $40,865 @ 7.0% cap · market cap 9.68%
Second Best
Apartment 5plus
$505.0K
$441.8K – $589.1K
NOI $35,347 @ 7.0% cap · market cap 8.38%
Theoretical Best
Office A
$802.3K
$702.0K – $936.0K
NOI $56,160 @ 7.0% cap · market cap 13.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,315
Businesses Nearby
Explore this area
Business Placement
Demographics for 77006, TX
24,129
Population
16,654
Households
1.4
Avg Household Size
36
Median Age
80%
College-Educated
98%
High-School Grad
2.3 sq mi
ZIP Area
10,491
Density / Sq Mi
$102,003
Median Household Income
$73,275
Median Earnings
$1,761
Median Rent
$599,500
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in Houston, TX
Properties on Market for Quadplexes in Houston
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - All four apartments are leased, with a two-bedroom, one-bathroom layout in each.
Where is this quadplex located?
The property is located at 4-3405 Drew St Houston, TX.
What is the asking price?
The asking price for this property is $421,987.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; All four units are currently rented; 3,120‑square‑foot multifamily property
