For sale

$599,000

1210 Wafer St APT 4, Pasadena, TX 77506

3beds

4,766sqft

$5,060/mo

Get pre-qualified

Quadruplex

Built in 1971

-- sqft lot

$-- Zestimate^®

$126/sqft

$-- HOA

What's special

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.

7 days
96
3

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Heating

Natural Gas

Cooling

Ceiling Fan(s), Electric

Appliances

Included: Range, Disposal, Refrigerator
Laundry: Washer/Dryer Connections

Features

Split Plan
Flooring: Tile
Windows: Insulated/Low-E windows, Window Coverings

Interior area

Total structure area: 4,766
Total interior livable area: 4,766 sqft

Property

Parking

Parking features: Carport, More Than Two Parking Units
Has carport: Yes

Features

Levels: Split Level
Stories: 2

Lot

Size: 0.39 Acres
Features: 1/4 Up to 1/2 Acre

Details

Parcel number: 0650930040013

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex

Materials

Brick, Cement Siding
Roof: Composition

Condition

New construction: No
Year built: 1971

Utilities & green energy

Utilities for property: Separate Meters, Natural Gas Connected, Water Connected

Community & HOA

Community

Subdivision: Paine H A Sec 02

Location

Region: Pasadena

Financial & listing details

Price per square foot: $126/sqft
Tax assessed value: $483,408
Annual tax amount: $11,955
Date on market: 9/16/2026
Listing terms: Cash,Conventional,FHA,VA Loan
Lease term: 1 Year,Month To Month

Estimated market value

Not available

Estimated sales range

Not available

$1,691/mo

Price history

Date	Event	Price
9/18/2026	Listed for sale	$599,000+201%$126/sqft
Source: HAR #27545322 Report a problem
2/10/2021	Listing removed	--
Source: Owner Report a problem
10/3/2020	Listing removed	$925
Source: Owner Report a problem
9/23/2020	Listed for rent	$925
Source: Owner Report a problem
1/30/2011	Listing removed	$199,000$42/sqft
Source: My Castle Realty #25623644 Report a problem
11/9/2010	Listed for sale	$199,000$42/sqft
Source: My Castle Realty #25623644 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,038 -7%	$483,408 -7.8%
2024	$6,490 +16.9%	$524,069 +7.3%
2023	$5,550 +24.9%	$488,209 +24.9%
2022	$4,443	$390,790 +39.4%
2021	--	$280,332 +1.6%
2020	--	$275,814 +8.5%
2019	$3,472 -41.6%	$254,284 +19.7%
2018	$5,944	$212,420 +2.7%
2017	$5,944 +3.1%	$206,842 -1.6%
2016	$5,768 +0%	$210,296 -1.5%
2015	$5,767	$213,606 +1.8%
2014	$5,767	$209,824 +2.1%
2013	--	$205,526 +17.1%
2012	--	$175,525 +3.3%
2011	--	$169,887 +2.1%
2010	--	$166,452 -4.3%
2009	--	$173,977 -5.1%
2008	--	$183,307
2007	--	$183,307 +9.9%
2006	--	$166,765
2005	--	$166,765 +7.1%
2004	--	$155,700 +0.6%
2003	--	$154,790 +4%
2002	--	$148,810 -0.3%
2001	--	$149,250 +4.4%
2000	--	$143,000