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1611 Common St 4 Unit Apartment Building $412,000 ($103,000/Unit) 8.50% Cap Rate Houston, TX 77009
Investment Highlights
- Prime investor opportunity
- minutes from Downtown
Executive Summary
Prime Near-Downtown Investment Opportunity | Turnkey Hybrid 4-Plex
Located minutes from Downtown, this multi-family quadplex offers an investor the ideal balance of steady long-term income, high-yield short-term rental performance, and immediate value-add equity potential. Positioned in a high-demand rental corridor with strong historical occupancy and rapid appreciation paths, this property caters perfectly to working professionals, urban commuters, and corporate travelers.
Located minutes from Downtown, this multi-family quadplex offers an investor the ideal balance of steady long-term income, high-yield short-term rental performance, and immediate value-add equity potential. Positioned in a high-demand rental corridor with strong historical occupancy and rapid appreciation paths, this property caters perfectly to working professionals, urban commuters, and corporate travelers.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Miscellaneous
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $412,000 | Building Class | C |
| Price Per Unit | $103,000 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 2,738 SF |
| Cap Rate | 8.50% | Average Occupancy | 100% |
| Gross Rent Multiplier | 78 | No. Stories | 1 |
| No. Units | 4 | Year Built/Renovated | 1920/1980 |
| Property Type | Multifamily | Parking Ratio | 2.19/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | N/A - N/A | ||
| Price | $412,000 |
| Price Per Unit | $103,000 |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| Gross Rent Multiplier | 78 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,738 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1920/1980 |
| Parking Ratio | 2.19/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | N/A - N/A |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Laundry Facilities
- Furnished Units Available
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,150 | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 0031640000009 | Total Assessment | $403,800 |
| Land Assessment | $234,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $169,800 | Tax Year | 2025 Payable 2026 |
Property Taxes
Parcel Number
0031640000009
Land Assessment
$234,000
Improvements Assessment
$169,800
Total Assessment
$403,800
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025 Payable 2026
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Photos
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Street
Map
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Contact the Sale Advisor
1611 Common St