Corner-Lot
For Sale
$425,000
8219 Corinth Street, Houston, TX 77051
Fully occupied income property with two-bedroom, one-bath residences near major Houston employment and education centers.
Property Size3,000 SF
Price / SF$141.67
Days on Market52
Property Features for 8219 Corinth Street
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Neighborhood
Sunnyside Civic Club, Inc.
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,807
Amenities
Yes
1
2
Appraiser
Corner Lot
5200
3000
Building Details
Building Size
3,000 SF
Year Built
1965
Stories
2
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Joy Harrell · License #0737815
(713) 418-0897
Source:
Garygreene
Added: Sep 16
Changed: Nov 4
Last Checked: Nov 4 at 10:30AM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
This 3,000 SF quadplex, built in 1965, contains four fully occupied residences. Each unit offers a functional two-bedroom, one-bath layout of approximately 750 SF, creating a straightforward configuration for multifamily ownership. The property sits on a corner lot at 8219 Corinth Street.
The Houston location places the property near the University of Houston, Texas Southern University, the Texas Medical Center, Downtown Houston, and NRG Stadium. It is positioned within the 77011 corridor identified in the property information as undergoing development and investment activity.
The Houston location places the property near the University of Houston, Texas Southern University, the Texas Medical Center, Downtown Houston, and NRG Stadium. It is positioned within the 77011 corridor identified in the property information as undergoing development and investment activity.
Key Highlights
- Four‑unit multifamily property with all units fully occupied
- Each residence has a two‑bedroom, one‑bath layout of approximately 750 SF
- 3,000 SF property built in 1965
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,987
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$679,740
$679.7K
Cap Rate 7%
$485,529
$485.5K
Cap Rate 9%
$377,633
$377.6K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$65.9K $21.96/SF
− Vacancy
−$4.1K −$1.36/SF
EGI
$61.8K $20.60/SF
− OpEx
−$27.8K −$9.27/SF
NOI
$34.0K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$679,740
Cap Rate 7%
$485,529
Cap Rate 9%
$377,633
Alternative Uses
Best Use
Multifamily LT 5
$561.3K
$491.2K – $654.9K
NOI $39,293 @ 7.0% cap · market cap 9.25%
Second Best
Apartment 5plus
$485.5K
$424.8K – $566.5K
NOI $33,987 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$771.4K
$675.0K – $900.0K
NOI $54,000 @ 7.0% cap · market cap 12.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
Explore this area
Business Placement
Demographics for 77051, TX
18,323
Population
7,453
Households
2.5
Avg Household Size
34
Median Age
15%
College-Educated
78%
High-School Grad
7.4 sq mi
ZIP Area
2,476
Density / Sq Mi
$40,030
Median Household Income
$31,914
Median Earnings
$1,332
Median Rent
$171,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied income property with two-bedroom, one-bath residences near major Houston employment and education centers.
Where is this quadplex located?
The property is located at 8219 Corinth Street Houston, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Four‑unit multifamily property with all units fully occupied; Each residence has a two‑bedroom, one‑bath layout of approximately 750 SF; 3,000 SF property built in 1965
