Houston Investment Opportunity on Double
6201 Saint Augustine St, Houston, TX 77021
Four-unit property on oversized lot near Texas Medical Center.
Type:Investment
Property size:
1,600 SFLot size:
0.23 AcresPrice / SF:
$174/SF- Added:
- Mar 24, 2026
- Days on Market:
- 71
- Last Refresh:
- Mar 20 at 1:09 pm
Property Features for 6201 Saint Augustine St
General Information
- Standard status
- Active
- Size
- 1,600 SF
- Lot size
- 0.23 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1922
Listing agent Cameron Namazi License #0520667
Listing office SUMMIT REALTY & ASSOCIATES LLC (713) 333-7206
Listing date Mar 24, 2026
Source Elliman
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 SUMMIT REALTY & ASSOCIATES LLC
HighLights
- Oversized 10,000 SF double lot in the Belmont subdivision.
- Prime location minutes from Texas Medical Center, University of Houston, and downtown.
- Priced for lot value, ideal for developers or investors.
- High‑upside fix and flip or major renovation project.
- Four‑unit property with a unique layout (two cottages and one duplex).
- Located in rapidly developing neighborhood.
Overview
Located in Houston's 77021 area, this property features a four-unit structure with an approximate area of 1600 square feet. Situated on an oversized 10,000 square foot double lot within the Belmont subdivision, the property includes two freestanding cottages and one duplex. The property is being sold as-is and is priced for lot value. It is located minutes from the Texas Medical Center, the University of Houston, and downtown Houston. This property is suited for developers or seasoned investors looking for a fix and flip, or major renovation project. The central location ensures high future demand in this rapidly developing neighborhood.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.7k | $19.80 |
| − Vacancy | −$1.7k | −$1.09 |
| EGI | $29.9k | $18.71 |
| − OpEx | −$9.0k | −$5.61 |
| NOI | $21.0k | $13.10 |
1,600 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$299.4K
$262.0K – $349.3K
NOI $20,956 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$259.0K
$226.6K – $302.1K
NOI $18,127 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$411.4K
$360.0K – $480.0K
NOI $28,800 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Fort Bend
- State
- Texas
- Longitude
- -95.3555421
- Latitude
- 29.6984114
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Four-unit property on oversized lot near Texas Medical Center.
Where is this duplex located?
The property is located at 6201 Saint Augustine St Houston, TX.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Oversized 10,000 SF double lot in the Belmont subdivision.; Prime location minutes from Texas Medical Center, University of Houston, and downtown.; Priced for lot value, ideal for developers or investors.
