2816 Lafferty Rd. Pasadena TX 77502
Multifamily | 8.00% CAP | 4 Units
Marketing description
Exceptional opportunity! This fully leased 4-plex offers four spacious 2-bedroom, 2-bath units, each designed for comfortable living with functional layouts in a 2 story townhome style property with modern amenities and onsite laundry room. All units have there own private balcony, patio and covered parking area. A brand new roof was recently installed, all leases are currently month to month providing options for the new owner. Ideally situated directly in front of a beautiful city park featuring tennis courts, baseball fields, and a water park—providing endless outdoor activities just steps from the property. Bailey Elementary school is located 1 block away. Strong rental potential, unbeatable location, and proximity to recreation and education make this property a standout addition to any portfolio. Property has prelim docs available for a future built on the location.
Investment highlights
💼 Investment Highlights – 2816 Lafferty Rd #4, Pasadena, TX
- Fully Leased 4-Plex – Immediate in-place cash flow from day one
- Unit Mix: Four (4) spacious 2 Bed / 2 Bath townhome-style units
- Strong Rental Demand Area – Located in a stable, workforce-driven market near major employment hubs
- Month-to-Month Leases – Flexibility to increase rents to market or reposition asset
- Recent Capital Improvements – Brand new roof reduces near-term expenses
- Covered Parking + Balconies/Patios – Desirable tenant amenities enhancing retention
📍 Prime Location Advantages
- Directly across from Strawberry Park (high tenant appeal + open green space views)
- 1 Block from Bailey Elementary School
- Minutes to Hwy 225, Beltway 8 & I-45
- Close proximity to Pasadena refineries & major industrial employers
- Near retail corridors, restaurants & daily conveniences
📈 Value-Add & Upside Potential
- Below-market rents with upside through renovations or lease restructuring
- Opportunity to convert to longer-term leases for stabilized income
- Ideal for investor seeking cash flow + appreciation
- Potential for improved NOI through operational efficiencies
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