4831 Gulf Freeway #6, Houston, Texas 77023
$500,000
4 Beds
4 Full Baths
Multi-Family
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About 4831 Gulf Freeway #6
Income-Producing 4-Plex with Value-Add Potential - Prime Houston Location This half-renovated 4-plex offers the best of both worlds - two units are occupied by long-term tenants providing steady income, while two vacant unitshave undergone a FULL RENOVATION down to the stude! Each of the four 1BR/1BA units includes a private garage. Upgraded features include recessed lighting, waterproof vinyl plank flooring, modern walk-in showers, new appliances, and updated PEX plumbing/wiring. Situated on a 6,250 sq ft lot near UofH and Hobby Airport, the property's no-HOA status makes it ideal for either maintaining the existing rental income or converting to higher-yield short-term rentals. With repairs already factored into the price, this turnkey opportunity combines immediate cash flow with clear upside potential through simple renovations and strategic rent increases - a smart play for investors seeking a low-risk asset in Houston's competitive market. (PROPERTY STILL UNDER RENOVATION!!)
Highlights
4831 Gulf Freeway #6
$500,000
Multi-Family
4,032 Home Sq Ft
Houston 77023
4 Beds
4 Full Baths
6,250 Lot Sq Ft
General Description
Taxes & Fees
Tax ID
054-253-000-0008
Tax Rate
2.2424%
Taxes w/o Exemption/Yr
$6,685 / 2024
Maint Fee
No
Interior Features
Fireplace
No
Heating
None
Cooling
Window Unit(s)
Dishwasher
No
Range
No
Disposal
No
Microwave
No
Loft
No
Exterior Features
Roof
Composition
Private Pool
No
Area Pool
Maybe
New Construction
No
Listing Firm
LPT Realty, LLC
Schools
| Name | Grade | Great School Ranking |
|---|---|---|
| Cage Elem | Elementary | 8 of 10 |
| Navarro Middle (Houston) | Middle | None of 10 |
| Austin High (Houston) | High | 2 of 10 |
School information is generated by the most current available data we have. However, as school boundary maps can change, and schools can get too crowded (whereby students zoned to a school may not be able to attend in a given year if they are not registered in time), you need to independently verify and confirm enrollment and all related information directly with the school.
