New Listing
$599,000
 $3,216 est/mo Sourced by Back At You

1210 Wafer Street 4,Pasadena, TX 77506

Pasadena, TX 77506

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Description

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.

Details

MLS #27545322
Listing TypeFor Sale
Sub-TypeResale
StatusComing Soon
Year1971
Days On Site2
Listing Provided ByRE/MAX Fine Properties | Rella Sanders

Features

Bed(s)3
Bath(s) 2 Total
SQ Feet4,766
Car PortYes
Story(s)2
Units4
Acreage17010.00

Parking

Parking FeaturesCarport

Taxes

Tax Annual Amount11955

Area Information

StateTX
CountyHarris
CityPasadena
Zip Code77506
Area6
SubareaPasadena
Community NamePaine H A Sec 02
Listing VS Median (in Paine H A Sec 02)
Price:
$599,000
low | high
Med:
$599,000
50% of Average
sqft:
4,766
low | high
Med:
4,766
50% of Average
$ / sqft:
$126
low | high
Med:
$126
50% of Average
On site:
2
low | high
Med:
2
100% of Average
Sourced by Back At You

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Learn More About This Property

Dynamize Real Estate

Dynamize Real Estate

 (832) 998-4663marcey@dynamizerealestate.com
StateTX
CountyHarris
CityPasadena
Zip Code77506
Area6
SubareaPasadena
Community NamePaine H A Sec 02
Listing VS Median (in Paine H A Sec 02)
Price:
$599,000
low | high
Med:
$599,000
50% of Average
sqft:
4,766
low | high
Med:
4,766
50% of Average
$ / sqft:
$126
low | high
Med:
$126
50% of Average
On site:
2
low | high
Med:
2
100% of Average
Sourced by Back At You
Listing Updated: September 18, 2026 at 10:06:07 AM PDT

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