Houston Fourplex Near Hobby
For Sale
$549,000
6703 Biggs Ct 4, Houston, TX 77061
Fourplex with 2 and 1-bedroom units near Hobby Airport.
Property Size3,162 SF
Lot Size0.21 Acres
Days on Market149
Property Features for 6703 Biggs Ct 4
General Information
Standard status
Active
Size
3,162 SF
Lot size
0.21 Acres
Property subtype
Investment
Lease Term
12 months
Taxes and HOA fees
Annual Taxes
$6,275
Building Details
Building Size
3,162 SF
Year Built
1965
Stories
2
Listing Agency:
RUTH LONGORIA, REALTORS
(713) 851-2139
Listed By:
Ruth Longoria · License #0382593
(713) 851-2139
Source:
Elliman
Added: Mar 11
Changed: Jul 6
Last Checked: Jul 6 at 11:00AM
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
Investment Insights
Based on property information with market context.
This fourplex property features two 2-bedroom units and two 1-bedroom units. Interior finishes include granite countertops, tile flooring, and carpet. The property includes a backyard suitable for outdoor activities. Carport parking is available. Located in a cul-de-sac, the property is near Hobby Airport, Downtown Houston, and the University of Houston. This multifamily property is suitable for investors or owner-occupants and offers potential for rental income or personal use.
Key Highlights
- Fourplex property offering multiple rental income streams or owner‑occupancy potential.
- Convenient location near Hobby Airport, Downtown Houston, and U of H.
- Features two 2‑bedroom units and two 1‑bedroom units.
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 | $62.6k | $19.80 |
| − Vacancy | −$3.4k | −$1.09 |
| EGI | $59.2k | $18.71 |
| − OpEx | −$17.7k | −$5.61 |
| NOI | $41.4k | $13.10 |
3,162 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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 Ct 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 offering multiple rental income streams or owner‑occupancy potential.; Convenient location near Hobby Airport, Downtown Houston, and U of H.; Features two 2‑bedroom units and two 1‑bedroom units.
