Houston Multifamily Investment
For Sale
$425,000
4718 Gunter St, Houston, TX 77020
Multifamily property near East River development with upside potential.
Property Size2,992 SF
Price / SF$142.05
Days on Market325
Property Features for 4718 Gunter St
General Information
Standard status
Active
Size
2,992 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Greater Fifth Ward
Building Details
Year Built
1948
Listing Agency:
SES Real Estate Group
Listed By:
Eduardo Pena · License #811232
(281) 908-6100
Source:
Thebandpteam
Added: Dec 3, 2025
Changed: Oct 6
Last Checked: Oct 7 at 5:31PM
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 multifamily property features 8 units and is located in Houston, Texas. The property is situated in close proximity to the East River development and downtown Houston, offering an abundance of upside potential.
Key Highlights
- Prime location in the heart of Houston.
- Proximity to the East River development.
- Extremely close to downtown.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,897
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$677,940
$677.9K
Cap Rate 7%
$484,243
$484.2K
Cap Rate 9%
$376,633
$376.6K
Market Conditions
NOI Build-Up for 2,992 SF
Gross rent
$65.7K $21.96/SF
− Vacancy
−$4.1K −$1.36/SF
EGI
$61.6K $20.60/SF
− OpEx
−$27.7K −$9.27/SF
NOI
$33.9K $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%
$677,940
Cap Rate 7%
$484,243
Cap Rate 9%
$376,633
Alternative Uses
Best Use
Apartment 5plus
$484.2K
$423.7K – $565.0K
NOI $33,897 @ 7.0% cap · market cap 7.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$769.4K
$673.2K – $897.6K
NOI $53,856 @ 7.0% cap · market cap 12.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
625
Businesses Nearby
Explore this area
Business Placement
Demographics for 77020, TX
24,846
Population
10,054
Households
2.5
Avg Household Size
35
Median Age
13%
College-Educated
65%
High-School Grad
7.8 sq mi
ZIP Area
3,185
Density / Sq Mi
$49,481
Median Household Income
$32,573
Median Earnings
$942
Median Rent
$133,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property near East River development with upside potential.
Where is this apartment building located?
The property is located at 4718 Gunter St Houston, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Prime location in the heart of Houston.; Proximity to the East River development.; Extremely close to downtown.
