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704 E. 22nd Street 704 E 22nd St 4 Unit Apartment Building $648,000 ($162,000/Unit) 6.87% Cap Rate Houston, TX 77008
Investment Highlights
- Four Plex apartment in the heights.
- Recently renovated, new roof, new siding, new Central AC, Laundry Room at the property.
Executive Summary
Great Investment or owner-occupation opportunity. The New Roof, siding, and AC are in perfect shape, and the building is all tenant-occupied. Features 2 two-bedroom units, rented at $1,250/mo and $1,600/mo, and 2 one-bedroom units, each rented at #1,100/month. Approximately 6% cap rate.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $648,000 | Building Class | C |
| Price Per Unit | $162,000 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 3,012 SF |
| Cap Rate | 6.87% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1940/2010 |
| Property Subtype | Apartment | Parking Ratio | 2.66/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | no - No Zoning | ||
| Price | $648,000 |
| Price Per Unit | $162,000 |
| Sale Type | Investment |
| Cap Rate | 6.87% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,012 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1940/2010 |
| Parking Ratio | 2.66/1,000 SF |
| Zoning | no - No Zoning |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Yard
- Built-In Bookshelves
- Deck
- Family Room
- Framed Mirrors
- Handrails
- Porch
Site Amenities
- Courtyard
- Fenced Lot
- Laundry Facilities
- Gas Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $1,425 | 750 |
| 1+1 | 2 | $1,100 | 650 |
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Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 0151620000020 | Total Assessment | $547,755 (2025) |
| Land Assessment | $450,000 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $97,755 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
0151620000020
Land Assessment
$450,000 (2025)
Improvements Assessment
$97,755 (2025)
Total Assessment
$547,755 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Map
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Contact the Sale Advisor
704 E. 22nd Street | 704 E 22nd St