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6 Houston Units | ~$84K/Door | $505K

4716 Carmen St, Houston
ROI
15.73% IRR
Strategy
Long Term Rental
At $505,000, you’re buying six units for roughly $84,000 per door across three refurbished duplex buildings on one 12,000 SF lot. 4 of 6 units are occupied with leases averaging $800 per door, putting current-rent potential around $4,800/month once all six units are occupied. You get existing income without taking on a major rehab. The property sits in Houston’s Medical Center South area, with Texas Medical Center continuing to expand Houston’s employment pipeline.

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6 Houston Units | ~$84K/Door | $505K

Listed 09/30/2026

4716 Carmen St, Houston

Purchase Price:$500,000

Cash Outlay:$135,000

Cashflow:$421/mo

Cap Rate:6.85%

IRR:15.73%

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