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2816 Lafferty Rd 4 Unit Apartment Building $495,000 ($123,750/Unit) 8% Cap Rate Pasadena, TX 77502
Investment Highlights
- 4-Plex
- Walking distance to Park and School
- Room to build more units
Executive Summary
Exceptional opportunity! This fully leased 4-plex offers four spacious 2-bedroom, 2-bath units, each designed for comfortable living with functional layouts in a 2 story townhome style property with modern amenities and onsite laundry room. All units have there own private balcony, patio and covered parking area. A brand new roof was recently installed, all leases are currently month to month providing options for the new owner. Ideally situated directly in front of a beautiful city park featuring tennis courts, baseball fields, and a water park—providing endless outdoor activities just steps from the property. Bailey Elementary school is located 1 block away. Strong rental potential, unbeatable location, and proximity to recreation and education make this property a standout addition to any portfolio. Property has prelim docs available for a future built on the location.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$57,900
|
$13.26
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$57,900
|
$13.26
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$18,240
|
$4.18
|
| Net Operating Income |
$39,660
|
$9.08
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $57,900 |
| Annual Per SF | $13.26 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $57,900 |
| Annual Per SF | $13.26 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $18,240 |
| Annual Per SF | $4.18 |
| Net Operating Income | |
|---|---|
| Annual | $39,660 |
| Annual Per SF | $9.08 |
Property Facts
| Price | $495,000 | Apartment Style | Townhome |
| Price Per Unit | $123,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Cap Rate | 8% | Building Size | 4,368 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1964/2023 |
| Price | $495,000 |
| Price Per Unit | $123,750 |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 4,368 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2023 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | - | 1,092 |
1 1
Property Taxes
| Parcel Number | 0610860000119 | Improvements Assessment | $247,660 (2025) |
| Land Assessment | $150,938 (2025) | Total Assessment | $398,598 (2025) |
Property Taxes
Parcel Number
0610860000119
Land Assessment
$150,938 (2025)
Improvements Assessment
$247,660 (2025)
Total Assessment
$398,598 (2025)
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2816 Lafferty Rd
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