Houston LTR Luxury Unicorn Quadplex – $775k

5922 Fairdale Ln, Houston

ROI

19.07% IRR

Strategy

Long Term Rental

Must-see quadplex just outside of Montrose, one of Houston’s most desirable neighborhoods. High-end finishes throughout and lease comps support $1750 per door. Currently 100% occupied with many tenants who have been there for years. Most recent lease went for $1795. other units are leased for $1300, $1450, $1200. Excellent location, high-quality remodel, proven tenant demand. If all leases were at market rate this would be a unicorn. Several applicants applied when Unit A listed at $2100, but did not meet seller screening standards, showing the area can support higher rents. asking is $800k, I think they will take $775k. Taxes $14,165.

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Houston LTR Luxury Unicorn Quadplex – $775k

Listed 09/10/2025

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5922 Fairdale Ln, Houston

Purchase Price:$775,000

Cash Outlay:$209,250

Cashflow:$1,246/mo

Cap Rate:7.40%

IRR:19.07%

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