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Executive Summary

A Unique Opportunity to own an Absolutely 1 of a kind 4 Plex full of character. A unicorn property with 16 bathrooms spread across 4 separate, 2 bedroom units. All baths Fully renovated. Built in Character w/sprawling hardwood floors throughout & lots of windows allowing lots of soft light. Creating a rare opportunity to acquire a property with flexibility for multiple businesses, from short-term to long-term rentals. Strong income guaranteed regardless of choice, since it’s in the heart of ever popular Montrose & around the corner from dozens of restaurants, cafés, & bars, making dining out a breeze. Ideally situated for nature-lovers, only minutes to jogging trails & 2 dog parks @ Allen Parkway. Allowing Enjoyment for a leisurely morning run or evening stroll with friends while taking in the captivating & stunning views of our Dazzling Downtown Skyline. Don't miss out on the opportunity to profit from these very sought after qualities of this location & neighborhood.

Property Facts

Price $1,500,000
Price Per Unit $375,000
Sale Type Investment
Cap Rate 10%
Sale Condition 1031 Exchange
Gross Rent Multiplier 8.44
No. Units 4
Property Type
Multifamily
  • Multifamily Apartments
  • Office Office Residential
Lot Size 0.11 AC
Building Size 4,540 SF
Average Occupancy 25%
No. Stories 2
Year Built/Renovated 1930/2023

Amenities

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+3.5 4 $2,450 1,135
Exceptionally walkable
90/100
Fairly drivable
50/100
Good public transit
60/100
Moderately bikeable
60/100
  • Listing ID: 40977906

  • Date on Market: 6/18/2026

  • Last Updated:

  • Address: 402 Hyde Park Blvd, Houston, TX 77006

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