Login

1210 Wafer Street #4, Pasadena, TX 77506

Pasadena
Local realty services provided by:CENTURY 21 Republic
1210 Wafer Street #4,Pasadena, TX 77506
$599,000
  • 3 Beds
  • 2 Baths
  • 4,766 sq. ft.
  • Multi-family
  • Active
Listed by: rella sanders
Office: re/max fine properties281-265-5533
MLS#:27545322
Source:HARMLS

Price summary

  • Price:$599,000
  • Price per sq. ft.:$125.68

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.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an independent agent affiliated with the CENTURY 21®  brand to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an independent agent affiliated with the CENTURY 21®  brand is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1971
  • Subdivision & Development:Paine H A Sec 02
  • Listing ID #:27545322
  • Updated:October 02, 2026 at 11:53 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Tile
  • Kitchen Description:Disposal, Granite Counters, Refrigerator
  • Living area:4,766 sq. ft.

Heating and cooling

  • Cooling:Central Air, Electric
  • Heating:Central, Gas
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Year built:1971
  • Building area:4,766 sq. ft.
  • Architectural Style:FourPlex, SplitLevel
  • Construction Materials:Brick, Cement Siding
  • Levels:2 Stories

Schools

  • High school:SAM RAYBURN HIGH SCHOOL
  • Middle school:SHAW MIDDLE SCHOOL
  • Elementary school:MORALES ELEMENTARY SCHOOL

Utilities

  • Water:Water Available

Finances and disclosures

  • Price:$599,000
  • Price per sq. ft.:$125.68
  • Tax amount:$11,955 (2026)

Features and amenities

  • Appliances:Disposal, Refrigerator
  • Amenities:Ceiling Fans, Fire Alarm, Low Emissivity Windows, Window Coverings

Parking

  • Parking description:Carport
Copyright 2026, Houston Realtors Information Service, Inc. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and the data is deemed reliable but is not guaranteed accurate by the MLS.

New listings near 1210 Wafer Street #4