Modern Duplex with Fenced
For Sale
$464,900
Pending
4825 Pederson Street A and B, Houston, TX 77033
Duplex featuring two 3-bedroom, 2-bath units with open layouts, fenced yard, and gated driveway.
Property Size2,559 SF
Days on Market100
Property Features for 4825 Pederson Street A and B
General Information
Standard status
Pending
Size
2,559 SF
Property subtype
Residential Income
Lease Term
12 Months
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Amenities
Electric
Building Details
Building Size
2,559 SF
Year Built
2025
Stories
1
Listing Agency:
KBH SIGNATURE REALTY GROUP
Listed By:
Kim Barnes-Henson · License #0460825
(713) 742-2424
Source:
Evrealestate
Added: Jun 3
Changed: Sep 3
Last Checked: Sep 10 at 6:46AM
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 KBH SIGNATURE REALTY GROUP
Investment Insights
Based on property information with market context.
This modern duplex is offered as two units, designated A and B, each providing three bedrooms and two bathrooms. Both units are designed with an open-concept layout and soaring ceilings, complemented by interior finishes including wood-style flooring, quartz countertops, porcelain tile, decorative accent walls, and other upscale details. Exterior features include an elevated exterior, a fully fenced yard, and a gated extended driveway, creating additional privacy and separation from the street.
The property is located at 4825 Pederson Street in Houston, TX 77033. Public remarks note convenience to Downtown Houston and the Texas Medical Center, making it suitable for a variety of residential income and owner-occupant preferences.
For tenants or buyers seeking a residential income property, the duplex configuration provides two separate dwelling units within a single ownership. The yard and gated driveway add practical value for day-to-day living, while the consistent two-unit layout may appeal to those looking for straightforward management and comparable unit design.
The property is located at 4825 Pederson Street in Houston, TX 77033. Public remarks note convenience to Downtown Houston and the Texas Medical Center, making it suitable for a variety of residential income and owner-occupant preferences.
For tenants or buyers seeking a residential income property, the duplex configuration provides two separate dwelling units within a single ownership. The yard and gated driveway add practical value for day-to-day living, while the consistent two-unit layout may appeal to those looking for straightforward management and comparable unit design.
Key Highlights
- New construction duplex built in 2025 with 2 units (Units A & B)
- Each unit offers 3 bedrooms and 2 bathrooms
- Open‑concept layouts with soaring ceilings
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
$33,517
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
7.21%
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%
$670,340
$670.3K
Cap Rate 7%
$478,814
$478.8K
Cap Rate 9%
$372,411
$372.4K
Market Conditions
NOI Build-Up for 2,559 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
$50.7K $19.80/SF
− Vacancy
−$2.8K −$1.09/SF
EGI
$47.9K $18.71/SF
− OpEx
−$14.4K −$5.61/SF
NOI
$33.5K $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%
$670,340
Cap Rate 7%
$478,814
Cap Rate 9%
$372,411
Alternative Uses
Best Use
Multifamily LT 5
$478.8K
$419.0K – $558.6K
NOI $33,517 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$414.2K
$362.4K – $483.2K
NOI $28,991 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$658.0K
$575.8K – $767.7K
NOI $46,062 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
Explore this area
Business Placement
Demographics for 77033, TX
28,369
Population
10,228
Households
2.8
Avg Household Size
36
Median Age
9%
College-Educated
72%
High-School Grad
5.7 sq mi
ZIP Area
4,977
Density / Sq Mi
$37,081
Median Household Income
$28,459
Median Earnings
$1,204
Median Rent
$98,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex featuring two 3-bedroom, 2-bath units with open layouts, fenced yard, and gated driveway.
Where is this duplex located?
The property is located at 4825 Pederson Street A and B Houston, TX.
What is the asking price?
The asking price for this property is $464,900.
What are key features of this property?
This property features: New construction duplex built in 2025 with 2 units (Units A & B); Each unit offers 3 bedrooms and 2 bathrooms; Open‑concept layouts with soaring ceilings
