Date
Details
Price
Change
Source
9/18/2026
Listed
$599,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$599,000 Just Listed
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Property 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.
Full Property Details
Full Property Details for 1210 Wafer St #4
General
- Price: $599,000
- Taxes: $11,955 (2026)
- Status: Active
- Type: Multi-Family
- Source: Houston
- MLS ID: 27545322
- Updated: 9/18/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: Granite Counters, Window Treatments, Ceiling Fan(s)
- Appliances: Disposal, Refrigerator
- Flooring: Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Washer Hookup, Dryer Hookup
Additional Information
- Security/Safety: Fire Alarm
Parking
- Carports: Yes
- Parking Features: Carport
Location
- Area: 6
- County: Harris
- Subdivision: Paine H A Sec 02
- Driving Directions: FROM BELTWAY-8 * TURN RIGHT ON PASADENA BLVD * TURN LEFT ON SOUTHMORE * RIGHT ON WAFER ST * MULTI-FAMILY WILL BE ON THE LEFT
- Direction Faces: North
School Information
- Elem School District: 41 - Pasadena
- Midd School District: 41 - Pasadena
- High School District: 41 - Pasadena
- Elementary School: MORALES ELEMENTARY SCHOOL
- Middle School: SHAW MIDDLE SCHOOL
- High School: SAM RAYBURN HIGH SCHOOL
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Gas
Utilities
- Utility Description: Natural Gas Available, Water Available
Structural Information
- Architectural Style: Split Level, Fourplex
- Construction: Brick, Cement Siding
- Roof: Composition
- Windows: Low-Emissivity Windows, Window Coverings
- Stories/Levels: 2
- Square Feet: 4,766
- Sq. Ft. Source: Appraiser
- Living Area: 4,766 Sq. Ft.
- Year Built: 1971
- Year Built Source: Public Records
Lot Features
- Lot Size Source: Appraiser
Green Features
- Energy Efficient: Windows
Financial Considerations
- Tax Amount: $11,955
- Tax Year: 2026
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Legal Description: LTS 13 & 14 BLK 9D PAINE H A SEC 2
- APN: 065-093-004-0013
- Section: 2
Listed by RE/MAX Fine Properties (281) 265-5533, Rella Sanders (713) 302-8098
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Listing agent
— 1210 Wafer St #4 —
Rella Sanders
RE/MAX Fine Properties
713-302-8098
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1210 Wafer St #4
School District:Pasadena Independent School District
| Name | Grades | Distance |
|---|---|---|
Morales Elementary School 305 West Harris Avenue, Pasadena, TX 77506 | PK-4 | 0.6 mi |
Southmore Intermediate School 2000 Patricia Lane, Pasadena, TX 77502 | 7-8 | 1.1 mi |
Sam Rayburn High School 2121 Cherry Brook Lane, Pasadena, TX 77502 | 9-12 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1210 Wafer St #4
Tax History
Tax History for 1210 Wafer St #4
Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,705
111%
$483,408
-8%
2023
$5,550
—
$524,069
7%
2022
$5,550
-41%
$488,209
25%
2022
$9,434
27%
$390,790
39%
2021
$7,433
114%
$280,332
2%
2020
$3,472
-50%
$275,814
8%
2019
$6,977
13%
$254,284
20%
2018
$6,181
4%
$212,420
3%
2017
$5,944
3%
$206,842
-2%
2016
$5,768
-1%
$210,296
-2%
2015
$5,845
—
$213,606
2%
2015
$5,845
3%
$209,824
2%
2013
$5,680
—
$205,526
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1210 Wafer St #4
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- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 3Total Baths
Listed by The Professional Real Estate Team (281) 427-8910
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1210 Wafer Street #4, Pasadena, TX 77506 (MLS# 27545322) is a Multi-Family property with 4 units containing 3 bedrooms and 2 full bathrooms. 1210 Wafer Street #4 is currently listed for $599,000 and was received on September 18, 2026. Want to learn more about 1210 Wafer Street #4? Do you have questions about finding other Multi-Family real estate for sale in Pasadena? You can browse all Pasadena real estate or contact a Coldwell Banker agent to request more information.