Four-Unit Contemporary
New
For Sale
$779,800
Ab-422 Calloway St, Houston, TX 77029
Each residence combines three bedrooms and two baths with quartz counters, flat-panel cabinetry, and integrated lighting.
Property Size4,500 SF
Price / SF$173.29
Days on Market7
Property Features for Ab-422 Calloway St
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Amenities
electric fireplaces
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Premier Haus Realty, LLC
(713) 364-9169
Listed By:
Olevia Johnson
(832) 492-6883
Source:
Exprealty
Added: Oct 1
Changed: Oct 6
Last Checked: Oct 6 at 2:33AM
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 Premier Haus Realty, LLC
Investment Insights
Based on property information with market context.
Completed in 2026, this Houston quadplex contains four residences, each with three bedrooms and two bathrooms. Interiors include European-style flat-panel cabinets, quartz counters, electric fireplaces, and lighting integrated at the stairs, beneath kitchen cabinets, and within shower niches. The upper-level homes have cathedral ceilings. Two interior color schemes distinguish the units while retaining shared finish selections.
The property is minutes from Downtown Houston, East River, major freeways, and nearby development. Its four-unit configuration supports occupancy of one residence alongside leasing of the others, or leasing all four.
The property is minutes from Downtown Houston, East River, major freeways, and nearby development. Its four-unit configuration supports occupancy of one residence alongside leasing of the others, or leasing all four.
Key Highlights
- Four residences, each with 3 bedrooms and 2 baths
- Built in 2026
- Quartz countertops and European flat‑panel cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,940
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,178,800
$1.2M
Cap Rate 7%
$842,000
$842.0K
Cap Rate 9%
$654,889
$654.9K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$89.1K $19.80/SF
− Vacancy
−$4.9K −$1.09/SF
EGI
$84.2K $18.71/SF
− OpEx
−$25.3K −$5.61/SF
NOI
$58.9K $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%
$1,178,800
Cap Rate 7%
$842,000
Cap Rate 9%
$654,889
Alternative Uses
Best Use
Multifamily LT 5
$842.0K
$736.8K – $982.3K
NOI $58,940 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$728.3K
$637.3K – $849.7K
NOI $50,981 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,000 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
Explore this area
Business Placement
Demographics for 77029, TX
17,044
Population
6,386
Households
2.7
Avg Household Size
36
Median Age
9%
College-Educated
62%
High-School Grad
10.6 sq mi
ZIP Area
1,608
Density / Sq Mi
$49,601
Median Household Income
$32,614
Median Earnings
$1,129
Median Rent
$115,400
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 - Each residence combines three bedrooms and two baths with quartz counters, flat-panel cabinetry, and integrated lighting.
Where is this quadplex located?
The property is located at Ab-422 Calloway St Houston, TX.
What is the asking price?
The asking price for this property is $779,800.
What are key features of this property?
This property features: Four residences, each with 3 bedrooms and 2 baths; Built in 2026; Quartz countertops and European flat‑panel cabinetry
