Houston Fourplex Near Hobby
For Sale
$549,000
6703 Biggs Court 4, Houston, TX 77061
Fourplex with 2 and 1-bedroom units near Hobby Airport.
Property Size3,162 SF
Price / SF$173.62
Days on Market733
Property Features for 6703 Biggs Court 4
General Information
Standard status
Active
Size
3,162 SF
Property subtype
Income
Site & Location
Neighborhood
Golfcrest / Bellfort / Reveille
Taxes and HOA fees
Annual Taxes
$6,275
Amenities
Tile,Carpet
Yes
1
2
Appraiser
Balcony,Ceiling Fan(s)
Cul-De-Sac
9200
Carport
3162
Building Details
Building Size
3,162 SF
Year Built
1965
Stories
2
Listing Agency:
Ruth Longoria, REALTORS
(713) 644-2086
Listed By:
Ruth Longoria · License #0382593
(713) 851-2139
Source:
Garygreene
Added: Nov 4, 2024
Changed: Nov 4
Last Checked: Nov 4 at 11:25AM
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 Ruth Longoria, REALTORS
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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.
This fourplex property features two 2-bedroom units and two 1-bedroom units. Interior features include granite countertops, tile flooring, and carpet. A spacious backyard provides an area for outdoor activities. Carport parking is available. The property is located near Hobby Airport, Downtown Houston, and the University of Houston. This multi-family property is suitable for investors or owner-occupants and offers potential for rental income or personal use.
Key Highlights
- Fourplex Property: Rare opportunity for multi‑family investment or owner‑occupancy.
- Prime Location: Conveniently located near Hobby Airport, Downtown Houston, and U of H.
- Unit Mix: Features 2 spacious 2‑bedroom units and 2 cozy 1‑bedroom units.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,415
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$828,300
$828.3K
Cap Rate 7%
$591,643
$591.6K
Cap Rate 9%
$460,167
$460.2K
Market Conditions
NOI Build-Up for 3,162 SF
Gross rent
$62.6K $19.80/SF
− Vacancy
−$3.4K −$1.09/SF
EGI
$59.2K $18.71/SF
− OpEx
−$17.7K −$5.61/SF
NOI
$41.4K $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%
$828,300
Cap Rate 7%
$591,643
Cap Rate 9%
$460,167
Alternative Uses
Best Use
Multifamily LT 5
$591.6K
$517.7K – $690.3K
NOI $41,415 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$511.8K
$447.8K – $597.1K
NOI $35,823 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$813.1K
$711.5K – $948.6K
NOI $56,916 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
670
Businesses Nearby
Explore this area
Business Placement
Demographics for 77061, TX
23,398
Population
9,942
Households
2.4
Avg Household Size
34
Median Age
15%
College-Educated
69%
High-School Grad
7.5 sq mi
ZIP Area
3,120
Density / Sq Mi
$44,520
Median Household Income
$32,659
Median Earnings
$973
Median Rent
$215,200
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 - Fourplex with 2 and 1-bedroom units near Hobby Airport.
Where is this quadplex located?
The property is located at 6703 Biggs Court 4 Houston, TX.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Fourplex Property: Rare opportunity for multi‑family investment or owner‑occupancy.; Prime Location: Conveniently located near Hobby Airport, Downtown Houston, and U of H.; Unit Mix: Features 2 spacious 2‑bedroom units and 2 cozy 1‑bedroom units.
