Renovated
6403 Avenue E, Houston, TX 77011
For Sale
$600,000
Residents have access to shared laundry and outdoor features including a barbecue area, playground, seating, and fire pit.
Property Size2,060 SF
Price / SF$291.26
Days on Market19
Property Features for 6403 Avenue E
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
shared laundry room
BBQ area
playground
fire pit
Listing Agency:
Nextgen Real Estate Properties
(346) 888-2525
Listed By:
Meshi Slama · License TX #0800878
(979) 422-0895
Source:
Exprealty
Added: Oct 23
Changed: Nov 10
Last Checked: Nov 10 at 2:10PM
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 Nextgen Real Estate Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 2,060-square-foot fourplex contains four updated apartments. Three units have two bedrooms and one bathroom, while the remaining unit has one bedroom and one bathroom. Shared laundry serves the property, with outdoor amenities that include a barbecue area, a small playground, seating, and a fire pit.
Located at 6403 Avenue E in Houston, Texas, the property combines a four-unit residential layout with shared indoor and outdoor features.
Located at 6403 Avenue E in Houston, Texas, the property combines a four-unit residential layout with shared indoor and outdoor features.
Key Highlights
- Four apartments: three 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
- 2,060‑square‑foot building
- Renovated units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,981
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,620
$539.6K
Cap Rate 7%
$385,443
$385.4K
Cap Rate 9%
$299,789
$299.8K
Market Conditions
NOI Build-Up for 2,060 SF
Gross rent
$40.8K $19.80/SF
− Vacancy
−$2.2K −$1.09/SF
EGI
$38.5K $18.71/SF
− OpEx
−$11.6K −$5.61/SF
NOI
$27.0K $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%
$539,620
Cap Rate 7%
$385,443
Cap Rate 9%
$299,789
Alternative Uses
Best Use
Multifamily LT 5
$385.4K
$337.3K – $449.7K
NOI $26,981 @ 7.0% cap · market cap 4.50%
Second Best
Apartment 5plus
$333.4K
$291.7K – $389.0K
NOI $23,338 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$529.7K
$463.5K – $618.0K
NOI $37,080 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
Explore this area
Business Placement
Demographics for 77011, TX
16,841
Population
7,366
Households
2.3
Avg Household Size
37
Median Age
10%
College-Educated
59%
High-School Grad
3.4 sq mi
ZIP Area
4,953
Density / Sq Mi
$49,163
Median Household Income
$36,517
Median Earnings
$1,063
Median Rent
$187,100
Median Home Value
Market
Average Price Trend$/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 - Residents have access to shared laundry and outdoor features including a barbecue area, playground, seating, and fire pit.
Where is this quadplex located?
The property is located at 6403 Avenue E Houston, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Four apartments: three 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; 2,060‑square‑foot building; Renovated units
