Four-Unit
For Sale
$920,000
959/961 Ringold Street #A/B, Houston, TX 77088
Each residence includes appliances and a three-bedroom, two-bath layout.
Property Size2,722 SF
Price / SF$337.99
Days on Market20
Property Features for 959/961 Ringold Street #A/B
General Information
Standard status
Active
Size
2,722 SF
Property subtype
Multi Family Home
Lease Term
1 Year
Site & Location
Neighborhood
Acres Home
Highway Access
Yes
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$2,298
Amenities
backyard
Building Details
Building Size
2,722 SF
Year Built
2026
Stories
2
Units
1
Listing Agency:
Braden Real Estate Group
(832) 408-9882
Listed By:
Nicole Handy · License #0623605
(832) 500-5426
Source:
Brighthouse-realty
Added: Oct 5
Changed: Oct 22
Last Checked: Oct 22 at 2:13PM
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 Braden Real Estate Group
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 2,722-square-foot quadplex, built in 2026, contains four residences, each configured with three bedrooms and two bathrooms. Interior features include open-concept living areas and kitchens fitted with European-style cabinetry. Appliances are included in all units.
The property has a backyard and is pre-wired for an alarm system, with video doorbell capability. It is located in Houston’s Acres Homes community.
The property has a backyard and is pre-wired for an alarm system, with video doorbell capability. It is located in Houston’s Acres Homes community.
Key Highlights
- Four units, each with 3 bedrooms and 2 bathrooms
- 2,722 square feet; built in 2026
- Appliances included in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,652
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$713,040
$713.0K
Cap Rate 7%
$509,314
$509.3K
Cap Rate 9%
$396,133
$396.1K
Market Conditions
NOI Build-Up for 2,722 SF
Gross rent
$53.9K $19.80/SF
− Vacancy
−$3.0K −$1.09/SF
EGI
$50.9K $18.71/SF
− OpEx
−$15.3K −$5.61/SF
NOI
$35.7K $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%
$713,040
Cap Rate 7%
$509,314
Cap Rate 9%
$396,133
Alternative Uses
Best Use
Multifamily LT 5
$509.3K
$445.7K – $594.2K
NOI $35,652 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$440.5K
$385.5K – $514.0K
NOI $30,838 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$699.9K
$612.5K – $816.6K
NOI $48,996 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
524
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence includes appliances and a three-bedroom, two-bath layout.
Where is this quadplex located?
The property is located at 959/961 Ringold Street #A/B Houston, TX.
What is the asking price?
The asking price for this property is $920,000.
What are key features of this property?
This property features: Four units, each with 3 bedrooms and 2 bathrooms; 2,722 square feet; built in 2026; Appliances included in each residence
