Auction - 4203 Hirsch Rd | Gated Multifamily — Sale in Houston, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Houston, TX 77026

Photos

Auction - 4203 Hirsch Rd | Gated Multifamily — Sale in Houston, TX, photo 1 of 4
Auction - 4203 Hirsch Rd | Gated Multifamily — Sale in Houston, TX, photo 2 of 4
Auction - 4203 Hirsch Rd | Gated Multifamily — Sale in Houston, TX, photo 3 of 4
Auction - 4203 Hirsch Rd | Gated Multifamily — Sale in Houston, TX, photo 4 of 4

Description

Register to bid and access due diligence documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/3472 4203 Hirsch Road is an 18-unit gated multifamily community inside the 610 Loop in Northeast Houston. Built in 1961 and 1970 on 1.03 acres, the 13,644 SF property consists entirely of 758 SF two-bedroom, one-bathroom units. Fourteen units are occupied at an average in-place rent of $981 per month, with four units vacant, placing physical occupancy at roughly 78%. Current rents range from $950 to $1,050, and three leases already achieve $1,025 to $1,050, establishing a proven rent ceiling for the remaining units. The T-12 reflects $172,923 of effective gross income and $36,649 of NOI, while an as-is view normalizing repairs and maintenance to $13,500 shows $61,280 of NOI. Leasing the vacant units, moving rents toward $1,050, and reaching 95% physical occupancy supports a stabilized pro forma NOI of $93,784. An onsite laundry facility provides supplemental income. The location offers access to Highway 69 and Loop 610, with Downtown Houston approximately four miles away and direct connectivity to Midtown and the Texas Medical Center. Investment Highlights: • Auction - November 16-18 | Starting Bid: $300,000 • Four Vacant Units Drive Near-Term Lease-Up • In-Place Rents Trail a Proven $1,050 Ceiling • Uniform 2BR/1BA Unit Mix Across 18 Units • Normalized Expenses Support $61K As-Is NOI • Inside the 610 Loop, 4 Miles From Downtown • Onsite Laundry Adds Ancillary Income

Market Context

This multifamily in Houston, TX is listed for sale. Compare it against other multifamily listings for sale in Houston, TX — view the full market.

As of Q1 2026, the Houston multifamily market showed an 11.5% vacancy rate, and average asking rents near $1384.50/unit/mo. Source: multiple brokerage reports, Q1 2026.

Multifamily market FAQ

Is the Houston multifamily market tightening or softening?
Vacancy is around 11.5% (Q1 2026).

Contact

Explore this market

Similar Multifamily Property for Sale in Houston, TX