4-Unit Quadplex with Updated
521 Wisconsin Street 4, South Houston, TX 77587
For Sale
$515,000
All four residences feature two-bedroom, 1.5-bath layouts with open kitchen and living areas.
Property Size4,166 SF
Price / SF$123.62
Days on Market48
Property Features for 521 Wisconsin Street 4
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Parking per Unit
Taxes and HOA fees
Annual Taxes
Amenities
Yes
Appraiser
7100
4166
Building Details
Building Size
Year Built
Stories
Listing Agency:
Elev8 Properties
(832) 797-0792
Listed By:
Kathie Garza
(832) 858-1737
Source:
Garygreene
Added: Sep 24
Changed: Nov 8
Last Checked: Nov 10 at 6:28AM
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 Elev8 Properties
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Investment Insights
Based on property information with market context.
Built in 1985, this four-unit property is fully occupied. Each residence offers two bedrooms, 1.5 baths, and approximately 1,000 square feet, with an open kitchen and living area. Three units have been remodeled, exterior work was completed in 2022, and a new electrical panel was installed. On-site parking provides two spaces per unit.
The property is near schools, I-45, and Beltway 8, with Hobby Airport approximately 10 minutes away.
The property is near schools, I-45, and Beltway 8, with Hobby Airport approximately 10 minutes away.
Key Highlights
- Four occupied units, each approximately 1,000 square feet
- Each unit has 2 bedrooms, 1.5 baths, and an open kitchen and living area
- Three units remodeled; exterior updates completed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,834
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,680
$636.7K
Cap Rate 7%
$454,771
$454.8K
Cap Rate 9%
$353,711
$353.7K
Market Conditions
NOI Build-Up for 4,166 SF
Gross rent
$50.0K $12.00/SF
− Vacancy
−$4.5K −$1.08/SF
EGI
$45.5K $10.92/SF
− OpEx
−$13.6K −$3.27/SF
NOI
$31.8K $7.64/SF
Area
Harris County, TX
Vacancy
9.03%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,680
Cap Rate 7%
$454,771
Cap Rate 9%
$353,711
Alternative Uses
Best Use
Multifamily LT 5
$454.8K
$397.9K – $530.6K
NOI $31,834 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$394.6K
$345.3K – $460.4K
NOI $27,621 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$1.14M
$995.3K – $1.33M
NOI $79,627 @ 7.0% cap · market cap 15.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
Explore this area
Business Placement
Demographics for 77587, TX
16,179
Population
5,549
Households
2.9
Avg Household Size
32
Median Age
9%
College-Educated
60%
High-School Grad
3.1 sq mi
ZIP Area
5,219
Density / Sq Mi
$52,407
Median Household Income
$30,669
Median Earnings
$1,174
Median Rent
$177,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Harris County, TX
Properties on Market for Quadplexes in Harris County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - All four residences feature two-bedroom, 1.5-bath layouts with open kitchen and living areas.
Where is this quadplex located?
The property is located at 521 Wisconsin Street 4 South Houston, TX.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Four occupied units, each approximately 1,000 square feet; Each unit has 2 bedrooms, 1.5 baths, and an open kitchen and living area; Three units remodeled; exterior updates completed in 2022
