10-Unit Apartment
4424 Hare St 10, Houston, TX 77055
For Sale
New
$899,000
Updated kitchens, bathrooms, flooring, and select building components are part of this single-story multifamily property.
Property Size4,440 SF
Lot Size0.22 Acres
Price / SF$202.48
Days on Market1
Property Features for 4424 Hare St 10
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
SES Real Estate Group
Listed By:
Eduardo Pena · License #811232
(281) 908-6100
Source:
Elliman
Added: Nov 6
Last Checked: Nov 6 at 2:20PM
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 SES Real Estate Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1920, this single-story apartment property contains 10 residences, each with one bedroom and one bathroom. The units have separate living areas, kitchens, bedrooms, and bathrooms. The building totals approximately 4,440 square feet on a 9,600-square-foot lot. Improvements include updated kitchens and bathrooms, flooring, interior and exterior paint, exterior doors, select windows, and electrical work.
The property is in Houston’s Greater Fifth Ward, less than one mile from East River shops, restaurants, and lifestyle amenities.
The property is in Houston’s Greater Fifth Ward, less than one mile from East River shops, restaurants, and lifestyle amenities.
Key Highlights
- 10 one‑bedroom, one‑bathroom residences
- Approximately 4,440 SF on a 9,600 SF lot
- Single‑story building constructed in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,301
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,006,020
$1.0M
Cap Rate 7%
$718,586
$718.6K
Cap Rate 9%
$558,900
$558.9K
Market Conditions
NOI Build-Up for 4,440 SF
Gross rent
$97.5K $21.96/SF
− Vacancy
−$6.0K −$1.36/SF
EGI
$91.5K $20.60/SF
− OpEx
−$41.2K −$9.27/SF
NOI
$50.3K $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%
$1,006,020
Cap Rate 7%
$718,586
Cap Rate 9%
$558,900
Alternative Uses
Best Use
Apartment 5plus
$718.6K
$628.8K – $838.4K
NOI $50,301 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$999.0K – $1.33M
NOI $79,920 @ 7.0% cap · market cap 8.89%
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
10
Residential units
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
Explore this area
Business Placement
Demographics for 77055, TX
42,766
Population
17,845
Households
2.4
Avg Household Size
35
Median Age
40%
College-Educated
78%
High-School Grad
8.4 sq mi
ZIP Area
5,091
Density / Sq Mi
$73,297
Median Household Income
$41,443
Median Earnings
$1,239
Median Rent
$577,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Apartment buildings in Houston
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Updated kitchens, bathrooms, flooring, and select building components are part of this single-story multifamily property.
Where is this apartment building located?
The property is located at 4424 Hare St 10 Houston, TX.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 10 one‑bedroom, one‑bathroom residences; Approximately 4,440 SF on a 9,600 SF lot; Single‑story building constructed in 1920
