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7.7% IN-PLACE CAP RATE, $93,750/DOOR, 8-UNIT COMPLEX INSIDE THE 610 LOOP. Exceptional cash-flowing multi-family asset in Central Park / Magnolia Park (East End Revitalized). Composed of two separate two-story fourplex buildings totaling 4,368 SqFt. 100% occupied, generating $6,350/mo ($76,200/yr gross) with an actual in-place NOI of $57,741. Consists of eight identical 1-Bed/1-Bath units averaging ~$794/mo. Major capital expenditures already completed: recent replacement roof, replaced water main supply lines, and upgraded attic insulation. Separately metered electricity (tenant-paid). Water/sewer is owner paid, creating prime upside to implement RUBS or a flat utility fee to boost NOI. Minutes to Downtown Houston, EaDo, UH, and Port of Houston employment hubs. Do not disturb tenants; drive-by only until contract.
| DAYS ON MARKET | Login to view Days on Market | LAST UPDATED | 9/12/2026 |
|---|---|---|---|
| TRACT | Central Park Magnolia Park | YEAR BUILT | 1946 |
| COMMUNITY | 4 | COUNTY | Harris |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Tijerina Elementary School |
|---|---|
| Jr. High School | Edison Middle School |
| High School | Austin High School (Houston) |
| ADDITIONAL DETAILS | |
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 4 |
| LOT | 5001 sq ft |
| STORIES | 2 |
| SUBDIVISION | Central Park Magnolia Park |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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