Yale Apartments 37-Unit
For Sale
Contact for pricing
4742 Yale St, Houston, TX 77018
Renovated two-story community with central air, full appliance packages, covered parking, and on-site laundry.
Property Size33,824 SF
Days on Market114
Property Features for 4742 Yale St
General Information
Standard status
Active
Size
33,824 SF
Total Parking Spaces
58
Property subtype
Multifamily
Occupancy
92%
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
16 x 1BR/1BA avg 728 sf, 21 x 2BR/1BA avg 851 sf
Multifamily Units
37
Amenities
central air conditioning
on-site laundry
full appliance packages
Inner-loop-adjacent location in the Brookhollow/Inwood submarket, two miles north of the 610 Loop and bordering high-demand Garden Oaks and Independence Heights.
Turn-key 37-unit asset fully renovated under current ownership. Ten two-story buildings with central air, in-unit kitchens, and on-site laundry already in place.
A stabilized rent roll with proven rent-growth momentum that has outperformed the broader submarket. The next owner inherits a low capital value-add opportunity.
A $0.09–$0.66/SF spread between in-place rents ($1.21/SF) and renovated comps ($1.30–$1.87/SF). A defensible value-add runway through light, targeted interior upgrades.
Direct access to three of Houston's largest employment cores: eighteen minutes to Uptown/Galleria, fourteen to Downtown, and twenty to the Texas Medical Center.
Building Details
Building Size
33,824 SF
Year Built
1963
Buildings
10
Stories
2
Units
37
Listing Agency:
Houston Office
Listed By:
Andrew Nash · License #License(s): TX: 815711
(713) 452-4335
Source:
Marcusmillichap
Added: May 14
Changed: Aug 31
Last Checked: Sep 2 at 1:42PM
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 Houston Office
Investment Insights
Based on property information with market context.
Yale Apartments is a 37-unit multifamily community at 4742 Yale Street in Houston. Originally constructed in 1963 and fully renovated under current ownership, the property comprises ten two-story buildings with 58 parking spaces, including 51 covered spaces. The unit mix includes 16 one-bedroom, one-bathroom residences averaging 728 square feet and 21 two-bedroom, one-bathroom residences averaging 851 square feet. Each unit includes central air conditioning and a kitchen with a full appliance package, while on-site laundry serves the community.
Capital improvements include three flat roofs replaced in 2023, pitched roofs dating to 2013, and a single boiler replaced in 2024. Copper wiring and PVC plumbing are installed throughout. Water and trash are billed back to residents through a flat monthly fee.
The property is approximately two miles north of the 610 Loop, within the Brookhollow/Inwood submarket and bordering Garden Oaks and Independence Heights. It is 14 minutes from Downtown Houston, 18 minutes from the Uptown/Galleria employment node, and 20 minutes from the Texas Medical Center.
Capital improvements include three flat roofs replaced in 2023, pitched roofs dating to 2013, and a single boiler replaced in 2024. Copper wiring and PVC plumbing are installed throughout. Water and trash are billed back to residents through a flat monthly fee.
The property is approximately two miles north of the 610 Loop, within the Brookhollow/Inwood submarket and bordering Garden Oaks and Independence Heights. It is 14 minutes from Downtown Houston, 18 minutes from the Uptown/Galleria employment node, and 20 minutes from the Texas Medical Center.
Key Highlights
- 37 units across ten two‑story buildings
- Unit mix includes 16 one‑bedroom and 21 two‑bedroom residences
- 58 parking spaces, including 51 covered spaces
Property Analytics
Property Profile
Current Use
Lease Details
37
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
612
Businesses Nearby
Explore this area
Business Placement
Demographics for 77018, TX
27,870
Population
13,335
Households
2.1
Avg Household Size
38
Median Age
60%
College-Educated
92%
High-School Grad
6.8 sq mi
ZIP Area
4,099
Density / Sq Mi
$121,658
Median Household Income
$75,487
Median Earnings
$1,256
Median Rent
$543,800
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?
Apartment building - Renovated two-story community with central air, full appliance packages, covered parking, and on-site laundry.
Where is this apartment building located?
The property is located at 4742 Yale St Houston, TX.
What are key features of this property?
This property features: 37 units across ten two‑story buildings; Unit mix includes 16 one‑bedroom and 21 two‑bedroom residences; 58 parking spaces, including 51 covered spaces
