Four-Unit Apartment
626 Henke Street # A, Houston, TX 77020
For Sale
$465,000
One residence is leased, and the property occupies a combined three-lot parcel in Houston.
Property Size1,451 SF
Lot Size0.22 Acres
Days on Market133
Property Features for 626 Henke Street # A
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
George E. Johnson Properties LLC
Listed By:
Chelsea Lester
(832) 738-7789
Source:
Nancyalmodovar
Added: Jul 1
Changed: Nov 7
Last Checked: Nov 8 at 1:07PM
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 George E. Johnson Properties LLC
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Investment Insights
Based on property information with market context.
Built in 1950, this four-unit residential property contains four one-bedroom residences. One unit is leased, providing current rental income. The parcel combines three platted lots and totals 9,375 square feet, or 0.22 acres.
The property is located at 626 Henke Street in Houston, Texas, within the Denver Harbor area. Downtown, EaDo, and the East End are described as minutes away.
The property is located at 626 Henke Street in Houston, Texas, within the Denver Harbor area. Downtown, EaDo, and the East End are described as minutes away.
Key Highlights
- Four one‑bedroom residences
- One unit is currently leased
- 9,375‑square‑foot parcel totaling 0.22 acres across three combined platted lots
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,005
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,100
$380.1K
Cap Rate 7%
$271,500
$271.5K
Cap Rate 9%
$211,167
$211.2K
Market Conditions
NOI Build-Up for 1,451 SF
Gross rent
$28.7K $19.80/SF
− Vacancy
−$1.6K −$1.09/SF
EGI
$27.1K $18.71/SF
− OpEx
−$8.1K −$5.61/SF
NOI
$19.0K $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%
$380,100
Cap Rate 7%
$271,500
Cap Rate 9%
$211,167
Alternative Uses
Best Use
Multifamily LT 5
$271.5K
$237.6K – $316.8K
NOI $19,005 @ 7.0% cap · market cap 4.09%
Second Best
Apartment 5plus
$234.8K
$205.5K – $274.0K
NOI $16,439 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$373.1K
$326.5K – $435.3K
NOI $26,118 @ 7.0% cap · market cap 5.62%
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
724
Businesses Nearby
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Business Placement
Demographics for 77020, TX
24,846
Population
10,054
Households
2.5
Avg Household Size
35
Median Age
13%
College-Educated
65%
High-School Grad
7.8 sq mi
ZIP Area
3,185
Density / Sq Mi
$49,481
Median Household Income
$32,573
Median Earnings
$942
Median Rent
$133,600
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Houston, TX
Properties on Market for Quadplexes in Houston
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - One residence is leased, and the property occupies a combined three-lot parcel in Houston.
Where is this quadplex located?
The property is located at 626 Henke Street # A Houston, TX.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Four one‑bedroom residences; One unit is currently leased; 9,375‑square‑foot parcel totaling 0.22 acres across three combined platted lots
