Prime Turnkey Fourplex in Houston Medical Center – Income-Generating Gem!
Investor Alert! Don’t miss this rare opportunity to own a fully functional fourplex in the high-demand Houston Medical Center South corridor — a rapidly growing area filled with hospitals, research institutions, and new developments!
Renovated in 2022 and meticulously maintained, this TURNKEY property features:
12 bedrooms & 8 bathrooms across 4 spacious units
Estimated rental income of $7,600/month
Two fully furnished units already tenant-occupied for immediate income
Two units ready for lease – one furnished, one vacant
Huge 0.28-acre lot with room to add value
No HOA fees!
Whether you're expanding your rental portfolio or stepping into multi-family investments, this property delivers cash flow from day one and the potential to scale even further. With units renting for $1,900/month, this asset is poised to generate over $91,000/year in gross income — all in one of Houston’s strongest rental markets.
Location, Location, Location
Minutes from the Texas Medical Center, downtown Houston, major freeways, universities, and job hubs — your tenants will love the accessibility!
This one checks ALL the boxes: High ROI, prime location, fully operational, and future upside.
Properties like this DO NOT LAST — schedule your showing TODAY before it's gone!
For sale by owner
$785,000
5038 Mallow St, Houston, TX 77033
12beds
5,296sqft
Est.:
MultiFamily
Built in 2018
-- sqft lot
$721,000 Zestimate®
$148/sqft
$-- HOA
What's special
Fully furnished unitsSpacious units
- 8 days
- on Zillow |
- 524 |
- 26 |
Listed by:
(832) 774-4823
Travel times
Open houses
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Other, Electric
Cooling
- Central
Appliances
- Included: Dishwasher, Dryer, Microwave, Range / Oven, Refrigerator, Washer
Features
- Flooring: Tile
- Basement: Finished
Interior area
- Total interior livable area: 5,296 sqft
Property
Parking
- Total spaces: 8
- Parking features: Carport, Off-street
Features
- Exterior features: Other, Shingle, Cement / Concrete
Lot
- Size: 0.29 Acres
Details
- Parcel number: 0751990190010
Construction
Type & style
- Home type: MultiFamily
Materials
- Concrete Block
- Foundation: Slab
- Roof: Asphalt
Condition
- New construction: No
- Year built: 2018
Community & HOA
Location
- Region: Houston
Financial & listing details
- Price per square foot: $148/sqft
- Tax assessed value: $633,946
- Annual tax amount: $13,013
- Date on market: 6/5/2025
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