Four-Unit Multifamily
For Sale
$269,900
6617 Avenue H, Houston, TX 77011
Four-unit property requiring TLC, converted from a house.
Property Size1,572 SF
Price / SF$171.69
Days on Market324
Property Features for 6617 Avenue H
General Information
Standard status
Active
Size
1,572 SF
Property subtype
Multi-Family
Building Details
Year Built
1930
Listing Agency:
Mildred Holeman Realty
Listed By:
Ana Latigo · License #0444176
(713) 691-6434
Source:
Nova-era
Added: Nov 28, 2025
Changed: Sep 12
Last Checked: Oct 7 at 5:29PM
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 Mildred Holeman Realty
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Investment Insights
Based on property information with market context.
This property, originally a house, has been converted into a four-unit multifamily building. The property requires tender loving care (TLC). Please respect the tenants and avoid disturbing them.
Key Highlights
- House converted into 4 units.
- Investment property potential.
- Built in 1930.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,590
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,800
$411.8K
Cap Rate 7%
$294,143
$294.1K
Cap Rate 9%
$228,778
$228.8K
Market Conditions
NOI Build-Up for 1,572 SF
Gross rent
$31.1K $19.80/SF
− Vacancy
−$1.7K −$1.09/SF
EGI
$29.4K $18.71/SF
− OpEx
−$8.8K −$5.61/SF
NOI
$20.6K $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%
$411,800
Cap Rate 7%
$294,143
Cap Rate 9%
$228,778
Alternative Uses
Best Use
Multifamily LT 5
$294.1K
$257.4K – $343.2K
NOI $20,590 @ 7.0% cap · market cap 7.63%
Second Best
Apartment 5plus
$254.4K
$222.6K – $296.8K
NOI $17,809 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$404.2K
$353.7K – $471.6K
NOI $28,296 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,135
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property requiring TLC, converted from a house.
Where is this quadplex located?
The property is located at 6617 Avenue H Houston, TX.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: House converted into 4 units.; Investment property potential.; Built in 1930.
