About this home

HIGH-YIELD VALUE-ADD 4-PLEX IN PASADENA - ALREADY SECTION 8 APPROVED Purchase through a (QOF) Incredible opportunity to acquire a cash-flowing Pasadena 4-plex positioned for an immediate equity push. Currently managed by a long-term, mom-and-pop owner, the asset is primed for a strategic investor to step in and capture massive operational upside. By implementing a Ratio Utility Billing System (RUBS), a new owner can wipe out $7,200 in annual owner-paid utilities, transferring that value straight to the bottom line. Skip the red tape-the property is already approved for the Section 8 program, making it a turnkey transition for a high-performing voucher portfolio. Aligning the units with local Housing Choice Voucher limits ($1,260 for 2-beds / $1,700 for 3-beds) unlocks a robust $71,040 gross annual income. Priced to deliver a highly competitive 7.5% Cap Rate upon optimization, this asset perfectly blends immediate government-backed income stability with premier value-add potential.

Facts and features

Schools

• Bobby Shaw Middle School

  elementary · 5-6 · 0.6 mi

  4

• Southmore Intermediate School

  middle · 7-8 · 1.1 mi

  5

• Sam Rayburn High School

  high · 9-12 · 1.7 mi

  3

• International Harvest Christian Academy

  elementary · K-12 · 0.2 mi

• Morales Elementary School

  elementary · K-4 · 0.6 mi

  8

• Richard Milburn Academy Houston East

  high · 9-12 · 0.2 mi

  1

Price history

• Sep 18, 2026 · Listed$599,000
• Jun 7, 2018 · Sold—
• Apr 26, 2011 · Sold—

Tax history

• 2026$11,955 tax · $493,749 assessed
• 2025$11,910 tax · $483,408 assessed
• 2023$11,106 tax · $488,209 assessed
• 2022$9,434 tax · $373,780 assessed
• 2021$7,432 tax · $280,332 assessed
• 2020$7,420 tax · $275,814 assessed
• 2019$6,976 tax · $254,284 assessed
• 2018$6,181 tax · $212,420 assessed

Home value

$593,000

• Collateral Analytics$593,000
• Quantarium$588,135

Where it is