4-Unit Apartment
New
For Sale
$485,000
5028 Stimson Street, Houston, TX 77023
Each residence includes separate living and dining rooms, plus a study or flexible-use room.
Property Size3,376 SF
Days on Market4
Property Features for 5028 Stimson Street
General Information
Standard status
Active
Size
3,376 SF
Property subtype
Multi Family,Quadruplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$9,985
Building Details
Building Size
3,376 SF
Year Built
1938
Buildings
1
Construction
bungalow
Listing Agency:
Tejas Realty Group
Listed By:
Alex Eureste · License #0620858
(281) 839-4467
Source:
Mpowerrealtygroup
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 2:02PM
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 Tejas Realty Group
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Investment Insights
Based on property information with market context.
Built in 1938, this four-unit residential property has one-bedroom, one-bathroom apartments. Each unit includes a living room, a formal dining room, and a study or flex room. Interior details include wood floors, curved hallways, and bungalow-style architectural elements, alongside updated kitchen cabinetry. Off-street parking is available.
The property is at 5028 Stimson Street in Houston, with access to I-45 and major transit. The University of Houston, EaDo, and Downtown are nearby.
The property is at 5028 Stimson Street in Houston, with access to I-45 and major transit. The University of Houston, EaDo, and Downtown are nearby.
Key Highlights
- Four apartments, each with one bedroom and one bathroom
- Living room, formal dining room, and study or flex room in each unit
- Built in 1938
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,218
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$884,360
$884.4K
Cap Rate 7%
$631,686
$631.7K
Cap Rate 9%
$491,311
$491.3K
Market Conditions
NOI Build-Up for 3,376 SF
Gross rent
$66.8K $19.80/SF
− Vacancy
−$3.7K −$1.09/SF
EGI
$63.2K $18.71/SF
− OpEx
−$19.0K −$5.61/SF
NOI
$44.2K $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%
$884,360
Cap Rate 7%
$631,686
Cap Rate 9%
$491,311
Alternative Uses
Best Use
Multifamily LT 5
$631.7K
$552.7K – $737.0K
NOI $44,218 @ 7.0% cap · market cap 9.12%
Second Best
Apartment 5plus
$546.4K
$478.1K – $637.5K
NOI $38,247 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$868.1K
$759.6K – $1.01M
NOI $60,768 @ 7.0% cap · market cap 12.53%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
802
Businesses Nearby
Explore this area
Business Placement
Demographics for 77023, TX
26,780
Population
11,850
Households
2.3
Avg Household Size
36
Median Age
24%
College-Educated
75%
High-School Grad
5.5 sq mi
ZIP Area
4,869
Density / Sq Mi
$50,018
Median Household Income
$35,730
Median Earnings
$1,079
Median Rent
$279,300
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 - Each residence includes separate living and dining rooms, plus a study or flexible-use room.
Where is this quadplex located?
The property is located at 5028 Stimson Street Houston, TX.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Four apartments, each with one bedroom and one bathroom; Living room, formal dining room, and study or flex room in each unit; Built in 1938
