Remodeled Quadplex with
For Sale
$515,000
521 Wisconsin St Unit 4, South Houston, TX 77587
Fully leased four-unit property with updated interiors, recent exterior work, and dedicated on-site parking.
Property Size4,166 SF
Price / SF$123.62
Days on Market47
Property Features for 521 Wisconsin St Unit 4
General Information
Standard status
Active
Size
4,166 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Neighborhood
Meadowbrook
Highway Access
Yes
Units
Unit Mix
4 x 2BR/1.5BA
Multifamily Units
4
Parking per Unit
2
Building Details
Year Built
1985
Buildings
1
Listing Agency:
Compass RE Texas, LLC - Houston
Listed By:
Kathie Garza
(832) 858-1737
Source:
Nova-era
Added: Sep 10
Changed: Oct 26
Last Checked: Oct 24 at 9:36PM
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 Compass RE Texas, LLC - Houston
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Investment Insights
Based on property information with market context.
Built in 1985, this four-unit residential income property contains approximately 4,166 square feet. Each residence offers two bedrooms and one-and-a-half bathrooms, with about 1000sft per unit and an open kitchen-and-living arrangement. Three units have been remodeled, while exterior improvements were completed in 2022. A newer electrical panel adds to the recent property updates.
The property is fully occupied and includes on-site parking allocated at two spaces per unit. Its setting provides access to nearby schools, I-45, and Beltway 8, with Hobby Airport approximately 10 minutes away.
The property is fully occupied and includes on-site parking allocated at two spaces per unit. Its setting provides access to nearby schools, I-45, and Beltway 8, with Hobby Airport approximately 10 minutes away.
Key Highlights
- Four‑unit property totaling 4,166 square feet
- Each unit includes 2 bedrooms and 1.5 baths
- About 1000sft per unit with open kitchen and living areas
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased four-unit property with updated interiors, recent exterior work, and dedicated on-site parking.
Where is this quadplex located?
The property is located at 521 Wisconsin St Unit 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‑unit property totaling 4,166 square feet; Each unit includes 2 bedrooms and 1.5 baths; About 1000sft per unit with open kitchen and living areas
