Updated
For Sale
$630,000
716 Memorial Mews Street #4, Houston, TX 77079
The four-unit property combines a two- and three-bedroom layout mix with updated interiors and central heating and air conditioning.
Property Size4,100 SF
Days on Market153
Property Features for 716 Memorial Mews Street #4
General Information
Standard status
Active
Size
4,100 SF
Property subtype
Quadruplex
Units
Unit Mix
2 x 2BR/2BA, 2 x 3BR/2BA
Multifamily Units
4
Amenities
pool
tennis court
fireplaces
Building Details
Building Size
4,100 SF
Year Built
1980
Stories
2
Listing Agency:
PMI Infinito
Listed By:
Ricardo Araujo · License #0604354
(972) 800-9356
Source:
Renesorola.kw
Added: May 19
Changed: Oct 15
Last Checked: Oct 16 at 5:47AM
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 PMI Infinito
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Investment Insights
Based on property information with market context.
Built in 1980, this quadplex contains four residences: two with two bedrooms and two bathrooms, and two with three bedrooms and two bathrooms. Updated interiors include hard-surface flooring, fireplaces, and double-pane windows. Each residence is equipped with a refrigerator, range, dishwasher, and central heating and air conditioning.
The property is in Houston’s Energy Corridor, near Terry Hershey Park, hike and bike trails, shopping, dining, and major employers. The property is zoned to Katy ISD. HOA amenities include a pool, tennis court, and maintenance of common areas.
The property is in Houston’s Energy Corridor, near Terry Hershey Park, hike and bike trails, shopping, dining, and major employers. The property is zoned to Katy ISD. HOA amenities include a pool, tennis court, and maintenance of common areas.
Key Highlights
- Two 2‑bedroom/2‑bath units and two 3‑bedroom/2‑bath units
- Built in 1980
- Updated interiors with hard‑surface flooring, fireplaces, and double‑pane windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,701
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,074,020
$1.1M
Cap Rate 7%
$767,157
$767.2K
Cap Rate 9%
$596,678
$596.7K
Market Conditions
NOI Build-Up for 4,100 SF
Gross rent
$81.2K $19.80/SF
− Vacancy
−$4.5K −$1.09/SF
EGI
$76.7K $18.71/SF
− OpEx
−$23.0K −$5.61/SF
NOI
$53.7K $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%
$1,074,020
Cap Rate 7%
$767,157
Cap Rate 9%
$596,678
Alternative Uses
Best Use
Multifamily LT 5
$767.2K
$671.3K – $895.0K
NOI $53,701 @ 7.0% cap · market cap 8.52%
Second Best
Apartment 5plus
$663.6K
$580.6K – $774.2K
NOI $46,450 @ 7.0% cap · market cap 7.37%
Theoretical Best
Office A
$1.05M
$922.5K – $1.23M
NOI $73,800 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,004
Businesses Nearby
Explore this area
Business Placement
Demographics for 77079, TX
36,404
Population
16,215
Households
2.2
Avg Household Size
36
Median Age
68%
College-Educated
96%
High-School Grad
7.7 sq mi
ZIP Area
4,728
Density / Sq Mi
$103,089
Median Household Income
$61,683
Median Earnings
$1,620
Median Rent
$636,100
Median Home Value
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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 - The four-unit property combines a two- and three-bedroom layout mix with updated interiors and central heating and air conditioning.
Where is this quadplex located?
The property is located at 716 Memorial Mews Street #4 Houston, TX.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Two 2‑bedroom/2‑bath units and two 3‑bedroom/2‑bath units; Built in 1980; Updated interiors with hard‑surface flooring, fireplaces, and double‑pane windows
