4-Unit Residential
857 Fortune Street A-B, Houston, TX 77088
For Sale
New
$439,900
Built in 2023, the property includes electric and natural gas service, a microwave, and a dishwasher.
Property Size2,882 SF
Price / SF$152.64
Days on Market7
Property Features for 857 Fortune Street A-B
General Information
Standard status
Size
Property subtype
Lease Term
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Amenities
Electric
Natural Gas
Microwave, Dishwasher
Building Details
Building Size
Year Built
Stories
Listing Agency:
Brooks & Davis Real Estate
Listed By:
Andre Beraud · License TX #0667248
(832) 524-4526
Source:
Evrealestate
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 6:20AM
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 Brooks & Davis Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit residential property at 857 Fortune Street A-B in Houston was built in 2023. Interior features include electric and natural gas service, a microwave, and a dishwasher.
Key Highlights
- Four‑unit residential property
- Built in 2023
- Interior features include electric and natural gas service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,748
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$754,960
$755.0K
Cap Rate 7%
$539,257
$539.3K
Cap Rate 9%
$419,422
$419.4K
Market Conditions
NOI Build-Up for 2,882 SF
Gross rent
$57.1K $19.80/SF
− Vacancy
−$3.1K −$1.09/SF
EGI
$53.9K $18.71/SF
− OpEx
−$16.2K −$5.61/SF
NOI
$37.7K $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%
$754,960
Cap Rate 7%
$539,257
Cap Rate 9%
$419,422
Alternative Uses
Best Use
Multifamily LT 5
$539.3K
$471.9K – $629.1K
NOI $37,748 @ 7.0% cap · market cap 8.58%
Second Best
Apartment 5plus
$466.4K
$408.1K – $544.2K
NOI $32,651 @ 7.0% cap · market cap 7.42%
Theoretical Best
Office A
$741.1K
$648.5K – $864.6K
NOI $51,876 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
635
Businesses Nearby
Explore this area
Business Placement
Demographics for 77088, TX
54,320
Population
18,500
Households
2.9
Avg Household Size
35
Median Age
13%
College-Educated
72%
High-School Grad
11.1 sq mi
ZIP Area
4,894
Density / Sq Mi
$52,549
Median Household Income
$32,015
Median Earnings
$1,177
Median Rent
$173,900
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in Houston, TX
Properties on Market for Quadplexes in Houston
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Built in 2023, the property includes electric and natural gas service, a microwave, and a dishwasher.
Where is this quadplex located?
The property is located at 857 Fortune Street A-B Houston, TX.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Four‑unit residential property; Built in 2023; Interior features include electric and natural gas service
