10-Unit Apartment
4424 Hare Street # 10, Houston, TX 77055
For Sale
New
$899,000
Each residence has a separate living area, kitchen, bedroom, and bathroom, with updates to kitchens and baths.
Property Size4,440 SF
Lot Size0.22 Acres
Price / SF$202.48
Days on Market3
Property Features for 4424 Hare Street # 10
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Stories
Listing Agency:
SES Real Estate Group
Listed By:
Eduardo Pena · License #811232
(281) 908-6100
Source:
Livingvoguerealestate
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 12:40PM
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
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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 single-story apartment property contains 10 residences, each arranged with a living area, kitchen, one bedroom, and one bathroom. The units total approximately 4,440 square feet on a 9,600-square-foot lot. Built in 1920, the property has received updates to kitchens, bathrooms, flooring, interior and exterior paint, exterior doors, select windows, and electrical components.
East River’s retail and dining destinations are less than one mile away. The property is in Houston’s Greater Fifth Ward.
East River’s retail and dining destinations are less than one mile away. The property is in Houston’s Greater Fifth Ward.
Key Highlights
- 10 one‑bedroom, one‑bath residences
- Approximately 4,440 SF across a 9,600 SF lot
- Single‑story property built 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
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
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 - Each residence has a separate living area, kitchen, bedroom, and bathroom, with updates to kitchens and baths.
Where is this apartment building located?
The property is located at 4424 Hare Street # 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‑bath residences; Approximately 4,440 SF across a 9,600 SF lot; Single‑story property built in 1920
