| Elementary | MORALES EL | B |
| Middle | BOBBY SHAW MIDDLE | C |
| High | SAM RAYBURN H S CCMR 91% · Grad 89% | B |
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.
| Property Type | Residential Income |
| Property Sub Type | Quadruplex |
| Sub Type Additional | Quadruplex |
| Architectural Style | Split Level, Fourplex |
| Year Built | 1971 |
| Year Built Source | PublicRecords |
| New Construction | No |
| Stories | 2 |
| Levels | Two,MultiSplit |
| Living Area | 4,766 sq ft |
| Living Area Source | Appraiser |
| Building Area Total | 4,766 sq ft |
| Construction | Brick, Cement Siding |
| Roof | Composition |
| Bedrooms | 3 |
| Bathrooms (total) | 2 |
| Bathrooms Full | 2 |
| Interior Features | Granite Counters, Window Treatments, Ceiling Fans |
| Flooring | Tile |
| Appliances | Disposal, Refrigerator |
| Laundry | Washer Hookup, Dryer Hookup |
| Windows | Low Emissivity Windows, Window Coverings |
| Security | Fire Alarm |
| Parking Features | Carport |
| Lot Size (sq ft) | 17,010 |
| Lot Size Source | Appraiser |
| Direction Faces | North |
| County | Harris |
| MLS Area Major | 6 |
| MLS Area Minor | Pasadena |
| Subdivision | Paine H A Sec 02 |
| Postal Code | 77506 |
| Heating | Central, Gas |
| Cooling | Central Air, Electric |
| Energy Efficient | Windows |
| Tax Annual Amount | $11,705 <small style="color:#6b7280">· from 2025 county roll</small> |
| Tax Year | 2025 (county roll) |
| Tax Rate (est.) | 1.95% |
| Parcel # | 065-093-004-0013 |
| Legal Description | LTS 13 & 14 BLK 9D PAINE H A SEC 2 |
| Listing Terms | Cash, Conventional, FHA, Va Loan |
Texas Water Code §49.452 requires districts to publish annual notices with tax rate, bonded indebtedness, and assessed value. Most Harris-area MUDs publish these; a handful managed by Inframark do not.
Request this noticeThe §49.452 notice is the only public document that lists a MUD's exact tax rate, outstanding bond debt, and the assessed value used to compute your taxes — direct from the district, not the MLS. If the district is newer or has more bonds outstanding than its neighbors, your effective tax rate will be higher here than just across the street.
Illustrative only, not a quote. P&I assumes the values entered above. Insurance and HOA dues vary — consult licensed lender and insurance agent for accurate quote.
Active listing — amenities should populate from the go-live pipeline. Click to fetch now if missing.
Copyright © 2026, Houston Realtors Information Service, Inc. Deemed reliable, not guaranteed — independently verify.
HARMLS last updated Sep 23, 2026, 10:44 PM CDT. Properties may subsequently be sold or off-market.
