Fourplex With Modern
4114 Lamar St, Houston, TX 77023
For Sale
$755,000
Historic four-unit property with updated interiors, private utility metering, covered outdoor space, and dedicated parking.
Property Size3,804 SF
Days on Market54
Property Features for 4114 Lamar St
General Information
Standard status
Size
Property subtype
Lease Term
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Parking per Unit
Taxes and HOA fees
Annual Taxes
Amenities
Washer/Dryers
Granite Countertops
Stainless Steel appliances
Central AC
Digital Thermostats
Fenced backyard
Pergola-covered wooden deck
Individual electrical and water meters
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Prime Horizon Realty
Listed By:
Mitra Saghafi · License TX #0633952
(281) 844-6151
Source:
Elliman
Added: Sep 18
Changed: Nov 2
Last Checked: Nov 8 at 7:25AM
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 Prime Horizon Realty
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Investment Insights
Based on property information with market context.
Built in 1935, this fourplex contains four units, each configured with two bedrooms and one bathroom. Interior features include in-unit washers and dryers, granite countertops, stainless steel appliances, central AC, digital thermostats, and energy-efficient elements. Each residence has separate electrical and water metering, along with two parking spaces.
The property includes a fenced backyard with a pergola-covered wooden deck. It is located in EaDo at 4114 Lamar St, approximately 1–2 miles from Downtown Houston, Minute Maid Park, Toyota Center, PNC Arena, and Discovery Green Park. The location also provides access to the Medical Center and records a bike score of 80, walk score of 79, and transit score of 61.
The property includes a fenced backyard with a pergola-covered wooden deck. It is located in EaDo at 4114 Lamar St, approximately 1–2 miles from Downtown Houston, Minute Maid Park, Toyota Center, PNC Arena, and Discovery Green Park. The location also provides access to the Medical Center and records a bike score of 80, walk score of 79, and transit score of 61.
Key Highlights
- Fourplex built in 1935
- Each unit offers 2 bedrooms and 1 bathroom
- Washer and dryer, granite countertops, stainless steel appliances, and central AC in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,824
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$996,480
$996.5K
Cap Rate 7%
$711,771
$711.8K
Cap Rate 9%
$553,600
$553.6K
Market Conditions
NOI Build-Up for 3,804 SF
Gross rent
$75.3K $19.80/SF
− Vacancy
−$4.1K −$1.09/SF
EGI
$71.2K $18.71/SF
− OpEx
−$21.4K −$5.61/SF
NOI
$49.8K $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%
$996,480
Cap Rate 7%
$711,771
Cap Rate 9%
$553,600
Alternative Uses
Best Use
Multifamily LT 5
$711.8K
$622.8K – $830.4K
NOI $49,824 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$615.7K
$538.7K – $718.3K
NOI $43,096 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$978.2K
$855.9K – $1.14M
NOI $68,472 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,102
Businesses Nearby
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Business Placement
Demographics for 77023, TX
26,780
Population
11,850
Households
2.3
Avg Household Size
36
Median Age
24%
College-Educated
75%
High-School Grad
5.5 sq mi
ZIP Area
4,869
Density / Sq Mi
$50,018
Median Household Income
$35,730
Median Earnings
$1,079
Median Rent
$279,300
Median Home Value
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Market
Average Price Trend$/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 - Historic four-unit property with updated interiors, private utility metering, covered outdoor space, and dedicated parking.
Where is this quadplex located?
The property is located at 4114 Lamar St Houston, TX.
What is the asking price?
The asking price for this property is $755,000.
What are key features of this property?
This property features: Fourplex built in 1935; Each unit offers 2 bedrooms and 1 bathroom; Washer and dryer, granite countertops, stainless steel appliances, and central AC in each unit
