Four-Unit Quadplex with
New
For Sale
$1,210,990
5111 Higgins St, Houston, TX 77033
The four residences each have three bedrooms, with a mix of one- and two-car garages.
Property Size6,452 SF
Days on Market3
Property Features for 5111 Higgins St
General Information
Standard status
Active
Size
6,452 SF
Total Parking Spaces
14
Property subtype
Investment
Site & Location
Neighborhood
South Park
Public Transit
Yes
Units
Unit Mix
2 x 3BR/3BA, 2 x 3BR/4BA
Multifamily Units
4
Amenities
herringbone flooring
glass kitchen cabinets
smart lighting system
illuminated hardwood staircase
Building Details
Building Size
6,452 SF
Year Built
2026
Stories
2
Listing Agency:
The Goldstein Group LLC
Listed By:
Chinonso Ochi-Okorie · License #0559334
(832) 380-4541
Source:
Elliman
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 24 at 6:52PM
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 The Goldstein Group LLC
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Investment Insights
Based on property information with market context.
This 2026 quadplex comprises four three-bedroom residences with a combined 12 bedrooms and 14 bathrooms. The two front units each offer 1,311 square feet, three bathrooms, and a one-car garage. Each of the two rear units has 1,915 square feet, four bathrooms, and a two-car garage. Together, the property includes six garage spaces and gated parking for eight additional vehicles.
Interior finishes include herringbone flooring, glass-front kitchen cabinetry, smart lighting, and a hardwood staircase with illumination. The property is near the Houston Medical Center and is being conveyed as a package. It has no HOA or deed restrictions and is not in a flood zone.
Interior finishes include herringbone flooring, glass-front kitchen cabinetry, smart lighting, and a hardwood staircase with illumination. The property is near the Houston Medical Center and is being conveyed as a package. It has no HOA or deed restrictions and is not in a flood zone.
Key Highlights
- Four three‑bedroom units with 12 bedrooms and 14 bathrooms total
- Front residences: approximately 1,311 square feet each, with three bathrooms and a one‑car garage
- Rear residences: approximately 1,915 square feet each, with four bathrooms and a two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,506
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,690,120
$1.7M
Cap Rate 7%
$1,207,229
$1.2M
Cap Rate 9%
$938,956
$939.0K
Market Conditions
NOI Build-Up for 6,452 SF
Gross rent
$127.7K $19.80/SF
− Vacancy
−$7.0K −$1.09/SF
EGI
$120.7K $18.71/SF
− OpEx
−$36.2K −$5.61/SF
NOI
$84.5K $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%
$1,690,120
Cap Rate 7%
$1,207,229
Cap Rate 9%
$938,956
Alternative Uses
Best Use
Multifamily LT 5
$1.21M
$1.06M – $1.41M
NOI $84,506 @ 7.0% cap · market cap 6.98%
Second Best
Apartment 5plus
$1.04M
$913.7K – $1.22M
NOI $73,096 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,136 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
494
Businesses Nearby
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Business Placement
Demographics for 77033, TX
28,369
Population
10,228
Households
2.8
Avg Household Size
36
Median Age
9%
College-Educated
72%
High-School Grad
5.7 sq mi
ZIP Area
4,977
Density / Sq Mi
$37,081
Median Household Income
$28,459
Median Earnings
$1,204
Median Rent
$98,300
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 - The four residences each have three bedrooms, with a mix of one- and two-car garages.
Where is this quadplex located?
The property is located at 5111 Higgins St Houston, TX.
What is the asking price?
The asking price for this property is $1,210,990.
What are key features of this property?
This property features: Four three‑bedroom units with 12 bedrooms and 14 bathrooms total; Front residences: approximately 1,311 square feet each, with three bathrooms and a one‑car garage; Rear residences: approximately 1,915 square feet each, with four bathrooms and a two‑car garage
