Investment Opportunity in Houston’s Booming 3rd Ward!
Located just 5 minutes from Texas Southern University and only 3 minutes from the University of Houston, this 4-unit multifamily property is perfectly positioned in one of Houston’s fastest-growing neighborhoods.
Each unit offers 2 bedrooms and 1 bathroom, making it highly attractive to students, young professionals, and families seeking affordable housing close to major universities, Downtown Houston, and the Medical Center. Each unit is currently rented as there is a high demand for rental property in this area.
The 3rd Ward is undergoing an exciting transformation, with new construction breaking ground daily and a surge of development reshaping the community. Investors will appreciate the strong rental demand, excellent proximity to higher education, and long-term growth potential in this transitioning area.
For sale
$430,000
3405 Drew St APT 4, Houston, TX 77004
2beds
3,120sqft
Quadruplex
Built in 1964
-- sqft lot
$-- Zestimate®
$138/sqft
$-- HOA
What's special
- 316 days |
- 90 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
William Roane TREC #0805711 281-409-9432,
JLA Realty
Source: HAR,MLS#: 43398969
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Zoned
Cooling
- Zoned
Interior area
- Total structure area: 3,120
- Total interior livable area: 3,120 sqft
Property
Features
- Stories: 2
Lot
- Size: 5,000 Square Feet
Details
- Parcel number: 0372560000011
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Roof: Composition
Condition
- New construction: No
- Year built: 1964
Community & HOA
Community
- Subdivision: Wilson Wm A
Location
- Region: Houston
Financial & listing details
- Price per square foot: $138/sqft
- Tax assessed value: $309,892
- Annual tax amount: $6,840
- Date on market: 10/9/2025
- Lease term: 1 Year
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
$1,120/mo
Price history
| Date | Event | Price |
|---|---|---|
| 2/19/2026 | Price change | $430,000-5.5%$138/sqft |
Source: | ||
| 11/21/2025 | Price change | $455,000-3.2%$146/sqft |
Source: | ||
| 10/9/2025 | Price change | $470,000-4.1%$151/sqft |
Source: | ||
| 4/29/2025 | Price change | $490,000-2.2%$157/sqft |
Source: | ||
| 2/22/2025 | Listed for sale | $501,000+11.6%$161/sqft |
Source: | ||
| 3/27/2023 | Listing removed | -- |
Source: | ||
| 1/22/2023 | Listed for sale | $449,000$144/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,240 -1.7% | $309,892 +2.2% |
| 2024 | $6,345 +25.7% | $303,248 +5.8% |
| 2023 | $5,046 +4.7% | $286,726 +31% |
| 2022 | $4,818 | $218,817 +16.8% |
| 2021 | -- | $187,320 -2.2% |
| 2020 | $4,598 -3.2% | $191,616 -2.3% |
| 2019 | $4,750 +39.3% | $196,154 +14.1% |
| 2018 | $3,411 | $171,843 +27.3% |
| 2017 | $3,411 +9.3% | $135,000 +9.4% |
| 2016 | $3,121 +0.8% | $123,430 -3.2% |
| 2015 | $3,096 | $127,575 +5.9% |
| 2014 | $3,096 | $120,442 +0.1% |
| 2013 | -- | $120,330 +0.4% |
| 2012 | -- | $119,816 +3.3% |
| 2011 | -- | $116,032 +2.5% |
| 2010 | -- | $113,219 -1.9% |
| 2009 | -- | $115,420 -4.4% |
| 2008 | -- | $120,743 -3.6% |
| 2007 | -- | $125,255 +15.7% |
| 2006 | -- | $108,279 +10.2% |
| 2005 | -- | $98,279 +66% |
| 2004 | -- | $59,200 +0.9% |
| 2003 | -- | $58,680 +2.2% |
| 2002 | -- | $57,430 -7.7% |
| 2001 | -- | $62,250 +22.3% |
| 2000 | -- | $50,880 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Greater Third Ward
Nearby schools
GreatSchools rating
- 5/10Blackshear Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 4/10Cullen Middle SchoolGrades: 6-8Distance: 2.9 mi
- 5/10Yates High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- Elementary: Blackshear Elementary School (Houston)
- Middle: Cullen Middle School (Houston)
- High: Yates High School
Source: HAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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