Fourplex with Modern
New
For Sale
$779,800
422 & 424 Calloway Street Unit A/B, Houston, TX 77029
Separate residences feature quartz counters, electric fireplaces, and integrated lighting throughout.
Property Size4,500 SF
Days on Market7
Property Features for 422 & 424 Calloway Street Unit A/B
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Multi Family,Quadruplex
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Amenities
European flat-panel cabinetry
quartz countertops
electric fireplaces
integrated lighting
cathedral ceilings
Building Details
Building Size
4,500 SF
Year Built
2026
Buildings
1
Listing Agency:
Premier Haus Realty, LLC
Listed By:
Olevia Johnson
(832) 492-6883
Source:
Greenwoodking
Added: Oct 1
Changed: Oct 5
Last Checked: Oct 5 at 10:39PM
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 Premier Haus Realty, LLC
Investment Insights
Based on property information with market context.
Completed in 2026, this 4,500-square-foot fourplex contains four units, each with 3 bedrooms and 2 bathrooms. Interior features include European flat-panel cabinetry, quartz countertops, electric fireplaces, and integrated lighting at the stairs, beneath kitchen cabinets, and inside shower niches. The upper-level units have cathedral ceilings, and the interiors use two color schemes with consistent finishes throughout.
The property is minutes from Downtown Houston, East River, major freeways, and surrounding development. Its four separate residences provide flexibility for occupancy or leasing.
The property is minutes from Downtown Houston, East River, major freeways, and surrounding development. Its four separate residences provide flexibility for occupancy or leasing.
Key Highlights
- Four units, each with 3 bedrooms and 2 bathrooms
- 4,500 square feet; built in 2026
- European flat‑panel cabinetry and quartz countertops in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,940
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,178,800
$1.2M
Cap Rate 7%
$842,000
$842.0K
Cap Rate 9%
$654,889
$654.9K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$89.1K $19.80/SF
− Vacancy
−$4.9K −$1.09/SF
EGI
$84.2K $18.71/SF
− OpEx
−$25.3K −$5.61/SF
NOI
$58.9K $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%
$1,178,800
Cap Rate 7%
$842,000
Cap Rate 9%
$654,889
Alternative Uses
Best Use
Multifamily LT 5
$842.0K
$736.8K – $982.3K
NOI $58,940 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$728.3K
$637.3K – $849.7K
NOI $50,981 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,000 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
149
Businesses Nearby
Explore this area
Business Placement
Demographics for 77029, TX
17,044
Population
6,386
Households
2.7
Avg Household Size
36
Median Age
9%
College-Educated
62%
High-School Grad
10.6 sq mi
ZIP Area
1,608
Density / Sq Mi
$49,601
Median Household Income
$32,614
Median Earnings
$1,129
Median Rent
$115,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Separate residences feature quartz counters, electric fireplaces, and integrated lighting throughout.
Where is this quadplex located?
The property is located at 422 & 424 Calloway Street Unit A/B Houston, TX.
What is the asking price?
The asking price for this property is $779,800.
What are key features of this property?
This property features: Four units, each with 3 bedrooms and 2 bathrooms; 4,500 square feet; built in 2026; European flat‑panel cabinetry and quartz countertops in each unit
