Four-Unit Fully Renovated
For Sale
$495,000
4018 Gano St, Houston, TX 77009
Four fully occupied units with two bedrooms each, central A/C, and washer/dryer connections near I-10 and the 610 Loop.
Property Size1,085 SF
Price / SF$456.22
Days on Market102
Property Features for 4018 Gano St
General Information
Standard status
Active
Size
1,085 SF
Property subtype
Residential Income
Occupancy
100%
Site & Location
Neighborhood
Near Northside
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$5,705
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Maciej Buszac
(281) 536-6868
Source:
Exprealty
Added: Jul 28
Changed: Oct 26
Last Checked: Nov 4 at 6:55PM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
This fully renovated four-unit multifamily property is located in the Ryon subdivision and includes four units total. Each unit offers two bedrooms and one bathroom, along with central A/C and washer/dryer connections. The property is fully occupied.
The address is 4018 Gano St in Houston, TX 77009. The property is close to I-10 and the 610 Loop, with convenient access to Downtown and the Medical Center.
Built in 1935, the building has undergone a full renovation and is offered as a four-unit income property with in-unit laundry connections and climate control supported by central A/C.
The address is 4018 Gano St in Houston, TX 77009. The property is close to I-10 and the 610 Loop, with convenient access to Downtown and the Medical Center.
Built in 1935, the building has undergone a full renovation and is offered as a four-unit income property with in-unit laundry connections and climate control supported by central A/C.
Key Highlights
- Fully renovated four‑unit multifamily in the Ryon subdivision
- Four units, each with two bedrooms and one bathroom
- Central A/C and washer/dryer connections in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,211
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,220
$284.2K
Cap Rate 7%
$203,014
$203.0K
Cap Rate 9%
$157,900
$157.9K
Market Conditions
NOI Build-Up for 1,085 SF
Gross rent
$21.5K $19.80/SF
− Vacancy
−$1.2K −$1.09/SF
EGI
$20.3K $18.71/SF
− OpEx
−$6.1K −$5.61/SF
NOI
$14.2K $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%
$284,220
Cap Rate 7%
$203,014
Cap Rate 9%
$157,900
Alternative Uses
Best Use
Multifamily LT 5
$203.0K
$177.6K – $236.9K
NOI $14,211 @ 7.0% cap · market cap 2.87%
Second Best
Apartment 5plus
$175.6K
$153.7K – $204.9K
NOI $12,292 @ 7.0% cap · market cap 2.48%
Theoretical Best
Office A
$279.0K
$244.1K – $325.5K
NOI $19,530 @ 7.0% cap · market cap 3.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
Explore this area
Business Placement
Demographics for 77009, TX
36,425
Population
17,890
Households
2
Avg Household Size
37
Median Age
39%
College-Educated
78%
High-School Grad
6.2 sq mi
ZIP Area
5,875
Density / Sq Mi
$81,921
Median Household Income
$49,446
Median Earnings
$1,229
Median Rent
$403,600
Median Home Value
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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 fully occupied units with two bedrooms each, central A/C, and washer/dryer connections near I-10 and the 610 Loop.
Where is this quadplex located?
The property is located at 4018 Gano St Houston, TX.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Fully renovated four‑unit multifamily in the Ryon subdivision; Four units, each with two bedrooms and one bathroom; Central A/C and washer/dryer connections in each unit
