Houston Fourplex $65K Below Appraisal | $429,900

5209 Plum Dr, Houston

ROI

16.85% IRR

Strategy

Long Term Rental

$429,900 buys four fully occupied units for just $107,475 per door. This property already appraised for $495k giving immediate walk-in equity! Lease comps support roughly $900 for the 1-bedroom, $1,200 each for the two 2-bedrooms, and $1,700 for the 3-bedroom, or about $5,000 per month at those rent levels. CURRENT rent is $4,100 per month giving new owner a lot of room to push income. New plumbing and electrical systems plus renovated kitchens and central HVAC take a lot of the heavy lifting off the next owner. Perfect first step into larger multifamily. I thought $429k was a typo and the listing was supposed to be for a duplex. This is one of the best priced quads I’ve seen in Houston for the location and income in months!

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Houston Fourplex $65K Below Appraisal | $429,900

Listed 08/11/2026

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5209 Plum Dr, Houston

Purchase Price:$430,000

Cash Outlay:$116,100

Cashflow:$1,130/mo

Cap Rate:8.99%

IRR:16.85%

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