Four-Unit Multifamily
For Sale
$685,000
4501 Averill St, Houston, TX 77009
Four residences provide a varied bedroom and bathroom mix near Downtown Houston.
Property Size3,949 SF
Price / SF$173.46
Days on Market61
Property Features for 4501 Averill St
General Information
Standard status
Active
Size
3,949 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA, 1 x 4BR/2BA, 1 x 3BR/2BA
Multifamily Units
4
Additional Details
Public Transit
Yes
Building Details
Buildings
1
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Liuver Sanudo
(832) 902-8534
Source:
Exprealty
Added: Aug 18
Changed: Oct 2
Last Checked: Oct 16 at 12:01PM
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.
Built in 1935, this four-unit property contains 3,949 square feet of living space. The unit configuration includes two residences with 2 bedrooms and 1 bathroom each, along with a 4-bedroom, 2-bathroom residence and a 3-bedroom, 2-bathroom residence.
The property is located at 4501 Averill St in Houston, near Downtown Houston. Walk Score is 81, rated Very Walkable, while Bike Score is 71, rated Very Bikeable. Transit Score is 44, rated Some Transit. The four-residence layout provides a defined multifamily configuration with varied unit sizes and bedroom counts.
The property is located at 4501 Averill St in Houston, near Downtown Houston. Walk Score is 81, rated Very Walkable, while Bike Score is 71, rated Very Bikeable. Transit Score is 44, rated Some Transit. The four-residence layout provides a defined multifamily configuration with varied unit sizes and bedroom counts.
Key Highlights
- Four‑unit multifamily property with 3,949 SF of living space
- Unit mix includes two 2‑bedroom/1‑bath residences, one 4‑bedroom/2‑bath residence, and one 3‑bedroom/2‑bath residence
- Built in 1935
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,723
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,034,460
$1.0M
Cap Rate 7%
$738,900
$738.9K
Cap Rate 9%
$574,700
$574.7K
Market Conditions
NOI Build-Up for 3,949 SF
Gross rent
$78.2K $19.80/SF
− Vacancy
−$4.3K −$1.09/SF
EGI
$73.9K $18.71/SF
− OpEx
−$22.2K −$5.61/SF
NOI
$51.7K $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%
$1,034,460
Cap Rate 7%
$738,900
Cap Rate 9%
$574,700
Alternative Uses
Best Use
Multifamily LT 5
$738.9K
$646.5K – $862.1K
NOI $51,723 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$639.1K
$559.2K – $745.7K
NOI $44,739 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$1.02M
$888.5K – $1.18M
NOI $71,082 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
764
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences provide a varied bedroom and bathroom mix near Downtown Houston.
Where is this quadplex located?
The property is located at 4501 Averill St Houston, TX.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Four‑unit multifamily property with 3,949 SF of living space; Unit mix includes two 2‑bedroom/1‑bath residences, one 4‑bedroom/2‑bath residence, and one 3‑bedroom/2‑bath residence; Built in 1935
