Tour
$6,122 Closing Credit¹
#95159239, Isairis Lozano, Listing Office: Jason Mitchell Real Estate LLC
$500,000 List price
4831 Gulf Fwy Unit 6 Houston, TX 77023
$5,938
Closing credit¹
4 beds
4 full
4,032 sqft
$124 / sqft
House
Property details
About 4831 Gulf Fwy Unit 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.
Highlights
Home typeSingle Family Residence
StatusActive
CoolingWindow Unit(s)
Size4,032 sqft
Year built1946
MLS #18483318
Summary
- MLS Number: 18483318
- MLS Name: HAR
- Office Name: LPT Realty, LLC
- Office Phone: (877) 366-2213
- Office Email: txbrokers@lptrealty.com
- Listing Agent: Collie Hill
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.
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Last updated on: 4/19/2025, 9:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$500,000
4831 Gulf Fwy Unit 6
$5,938
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
3
Kipp Explore Academy
Public Charter PK-4
0.5 mi
•5402 Lawndale St
6
J. P. Henderson Elementary School
Public District EE-5
0.6 mi
•1800 Dismuke St
4
Cage Elementary School
Public District EE-5
0.8 mi
•4528 Leeland St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $45,000. Typical income of Houston, TX residents is between $35k-100k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
38%
<35k
42%
35k-100k
21%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
35%
Single, No Kids
17%
Single, with Kids
19%
Married, No Kids
29%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
10%
12-17 yrs old
31%
18-34 yrs old
34%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Foot Locker
Burlington
Ross Dress For Less
Where do the neighbors go to eat?
Little Caesars
White Castle
Jack In The Box
What do the neighbors drive?
Dodge
Kia
Nissan
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 4831 Gulf Fwy Unit 6
This home is located at 4831 Gulf Fwy Unit 6 in Houston, TX and zip code 77023 in the South Central Houston neighborhood. This 4,032 square foot home was built in 1946. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 31, 2025 and is currently priced at $500,000.
Over 297 listings were sold over their listed price in March 2025 in Houston, TX. In the same period over 1186 listings were sold below the listed price and 360 listings were sold for the listed price. The number of listings in Houston, TX increased by 29.2% between February and March 2025. In March 2025 median list price was $322,766 and the average listing age was 47 days.
From Rocket Homes Real Estate and based on county public records data.