Updated Duplex with Covered
For Sale
$379,000
4614 & 4616 W Orange St, Pearland, TX 77581
Mirrored units offer private outdoor space, separate utilities, and extended driveways for resident and guest parking.
Property Size2,832 SF
Days on Market8
Property Features for 4614 & 4616 W Orange St
General Information
Standard status
Active
Size
2,832 SF
Property subtype
Investment
Lease Term
12 months
Taxes and HOA fees
Annual Taxes
$3,912
Building Details
Building Size
2,832 SF
Year Built
1978
Stories
2
Units
2
Listing Agency:
(713) 383-8672
Listed By:
Stephanie Bateman
(713) 383-8672
Source:
Elliman
Added: Aug 15
Changed: Aug 21
Last Checked: Aug 21 at 8:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stephanie Bateman
Investment Insights
Based on property information with market context.
Built in 1978, this duplex contains two mirrored units with two bedrooms upstairs and 1.5 baths per side. Each residence includes a Hollywood bath shared by the primary bedroom and hallway, with two vanities. Private fenced backyards, covered patios, and extended driveways serve both units, providing outdoor space and parking for residents and guests.
Each side has separate utilities, and the property has no HOA. Recent owner-reported improvements include flooring, appliances, and the roof. The units have an established rental history, with 4616 currently leased. The property is located in Pearland, is zoned to Pearland ISD, and is near commuting roadways. The neighboring duplex at 4614 & 4616 W Orange St is also offered for sale and may be purchased together as a fourplex.
Each side has separate utilities, and the property has no HOA. Recent owner-reported improvements include flooring, appliances, and the roof. The units have an established rental history, with 4616 currently leased. The property is located in Pearland, is zoned to Pearland ISD, and is near commuting roadways. The neighboring duplex at 4614 & 4616 W Orange St is also offered for sale and may be purchased together as a fourplex.
Key Highlights
- Two mirrored units with two bedrooms and 1.5 baths per side
- Hollywood bath in each unit with two vanities
- Private fenced backyards and covered patios for both residences
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,750
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$655,000
$655.0K
Cap Rate 7%
$467,857
$467.9K
Cap Rate 9%
$363,889
$363.9K
Market Conditions
NOI Build-Up for 2,832 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$63.9K $22.56/SF
− Vacancy
−$4.3K −$1.53/SF
EGI
$59.5K $21.03/SF
− OpEx
−$26.8K −$9.46/SF
NOI
$32.7K $11.56/SF
Area
Pearland, TX
Vacancy
6.80%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$655,000
Cap Rate 7%
$467,857
Cap Rate 9%
$363,889
Alternative Uses
Best Use
Multifamily LT 5
$524.3K
$458.8K – $611.7K
NOI $36,700 @ 7.0% cap · market cap 9.68%
Second Best
Apartment 5plus
$467.9K
$409.4K – $545.8K
NOI $32,750 @ 7.0% cap · market cap 8.64%
Theoretical Best
Warehouse
$553.5K
$484.3K – $645.7K
NOI $38,744 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
951
Businesses Nearby
Explore this area
Business Placement
Demographics for 77581, TX
49,198
Population
18,285
Households
2.7
Avg Household Size
38
Median Age
36%
College-Educated
94%
High-School Grad
24.6 sq mi
ZIP Area
2,000
Density / Sq Mi
$106,556
Median Household Income
$62,887
Median Earnings
$1,591
Median Rent
$309,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Mirrored units offer private outdoor space, separate utilities, and extended driveways for resident and guest parking.
Where is this duplex located?
The property is located at 4614 & 4616 W Orange St Pearland, TX.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Two mirrored units with two bedrooms and 1.5 baths per side; Hollywood bath in each unit with two vanities; Private fenced backyards and covered patios for both residences
