1210 Wafer Street #4, Pasadena, Texas image 1
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1210 Wafer Street #4

Pasadena, TX 77506
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$599,000
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Bed 3

Bed

Bath 2

Bath

SqFt4,766

Sqft

Acres0.39

Acre(Lot)

HIGH-YIELD VALUE-ADD 4-PLEX IN PASADENA - ALREADY SECTION 8 APPROVED 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 instantly 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 incom e. 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $599,000

AD Id : 91298334

MLS Id : 27545322

Beds : 3

Lot Size : 0.39 Acre

Living Area Size : 4,766 Sq. Ft

Tax Amount : $11,955

Year Built : 1971

County : Harris

Subdivision: Paine H A Sec 02

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Feature Features

  • Bedroom Information

    Total beds: 3

    Bathroom Information

    Total Baths: 2 Full Baths: 2

  • Flooring Information

    Tile

  • Roofing Information

    Composition

  • Interior Features

    Granite Counters Roof: Composition Appliances: Range, Disposal, Refrigerator Window Features: Window Coverings, Low Emissivity Windows

  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas Has Cooling: Yes Cooling: Ceiling Fan(s), Electric

  • Building Information

    Year Built: 1971 Building Area Total: 4766 Construction Materials: Brick, Cement Siding Stories: 2 Private Pool: No

  • Lot Information

    Main Square Feet: 0.3905 Acres Lot Size Acres: 0.3905 Lot Size Square Feet: 17010

    Property Information

    Subdivision: Paine H A Sec 02 Source Property Type: Residential Income Postal Code Plus 4: 4650 Property SubType: Multi Family Direction Faces: North Property Age: 55

  • Listing Price Information

    Listing Price: $599000 Cash, Conventional, FHA, VA Loan

  • Tax Information

    Parcel Number: 0650930040013 Tax Year: 2026 Annual Tax: $11955 Tax Legal Desc: LTS 13 & 14 BLK 9D PAINE H A SEC 2

  • Parking Information

    Carport

  • School Information

    Elementary School: Morales Elementary School
    Junior High School: Shaw Middle School
    Senior High School: Sam Rayburn High School

  • Utility Information

    Natural Gas Connected, Water Connected

  • Location Information

    Direction: FROM BELTWAY-8 * TURN RIGHT ON PASADENA BLVD * TURN LEFT ON SOUTHMORE * RIGHT ON WAFER ST * MULTI-FAMILY WILL BE ON THE LEFT
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Nearby Home Value

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1502 1/2 Jenkins Road, Pasadena, TX, 77506 $2,675,000 -- -- 7,036 2.87 Acres
902 Thomas Avenue, Pasadena, TX, 77506 $319,900 3 3 990 0.14 Acre
305 Johnson Street, Pasadena, TX, 77506 $269,900 2 1 1,500 0.14 Acre
109 Tascott Street, Pasadena, TX, 77506 $300,000 3 1 1,204 0.23 Acre

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Copyright 2026, Houston REALTORS® Information Service, Inc. The information provided is exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

ByOwner last updated this listing 09/18/2026 @ 10:09

MLS: 27545322 LISTED BY: Rella Sanders, RE/MAX Fine Properties 281-265-5533 SOURCE: Houston Association of REALTORS

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