Stacked Duplex Income
For Sale
$449,900
4029 Cork Drive A-B, Houston, TX 77047
Stacked duplex with two 3 bed, 2 bath units, each with private backyard access.
Property Size2,500 SF
Price / SF$179.96
Days on Market47
Property Features for 4029 Cork Drive A-B
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$751
Amenities
Plank,Vinyl
Yes
4
6
Builder
Cleared
3364
Appraiser
2500
Building Details
Building Size
2,500 SF
Year Built
2026
Stories
2
Construction
Craftsman
Listing Agency:
Vanacor Properties
(713) 461-6800
Listed By:
Jocelyn Good
(281) 979-0625
Source:
Garygreene
Added: Jul 21
Changed: Sep 4
Last Checked: Sep 5 at 5:10AM
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 Vanacor Properties
Investment Insights
Based on property information with market context.
This stacked duplex pairs Craftsman character with contemporary exterior details, including crisp board-and-batten siding and warm wood accents. Each level features a spacious 3-bedroom, 2-bathroom layout with wide-plank flooring and soaring ceilings that extend through open living areas. A centerpiece of each unit is an electric fireplace media wall designed for the main living space. Unit B includes an added custom coffee and dry bar, and both units transition to their own private backyards.
Located at 4029 Cork Dr A-B in Houston, TX 77047, the property is described as somewhat bikeable and car-dependent based on available BikeScore, WalkScore, and TransitScore information.
The building presents as a well-defined owner-occupied or income-focused duplex configuration, with separate unit interiors and outdoor space for each level.
Located at 4029 Cork Dr A-B in Houston, TX 77047, the property is described as somewhat bikeable and car-dependent based on available BikeScore, WalkScore, and TransitScore information.
The building presents as a well-defined owner-occupied or income-focused duplex configuration, with separate unit interiors and outdoor space for each level.
Key Highlights
- Newly built 2026 stacked duplex with two separate 3 bed, 2 bath units
- Each unit includes access to its own private backyard
- Crisp board‑and‑batten siding with warm wood accents
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
$32,744
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
7.28%
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%
$654,880
$654.9K
Cap Rate 7%
$467,771
$467.8K
Cap Rate 9%
$363,822
$363.8K
Market Conditions
NOI Build-Up for 2,500 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
$49.5K $19.80/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$46.8K $18.71/SF
− OpEx
−$14.0K −$5.61/SF
NOI
$32.7K $13.10/SF
Area
Houston, TX
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
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%
$654,880
Cap Rate 7%
$467,771
Cap Rate 9%
$363,822
Alternative Uses
Best Use
Multifamily LT 5
$467.8K
$409.3K – $545.7K
NOI $32,744 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$404.6K
$354.0K – $472.1K
NOI $28,323 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$642.9K
$562.5K – $750.0K
NOI $45,000 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
263
Businesses Nearby
Explore this area
Business Placement
Demographics for 77047, TX
32,088
Population
13,288
Households
2.4
Avg Household Size
34
Median Age
37%
College-Educated
89%
High-School Grad
13.8 sq mi
ZIP Area
2,325
Density / Sq Mi
$73,947
Median Household Income
$44,732
Median Earnings
$1,719
Median Rent
$224,200
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 - Stacked duplex with two 3 bed, 2 bath units, each with private backyard access.
Where is this duplex located?
The property is located at 4029 Cork Drive A-B Houston, TX.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Newly built 2026 stacked duplex with two separate 3 bed, 2 bath units; Each unit includes access to its own private backyard; Crisp board‑and‑batten siding with warm wood accents
