Remodeled Three-Bedroom
New
For Sale
$410,000
4604 Bricker St AB, Houston, TX 77051
Two updated residences with contemporary finishes, gated parking, and direct proximity to a City of Houston park.
Property Size2,184 SF
Days on Market6
Property Features for 4604 Bricker St AB
General Information
Standard status
Active
Size
2,184 SF
Total Parking Spaces
6
Property subtype
Investment
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,780
Amenities
security alarm system
remote-accessible cameras
pre-wiring for 5.1 surround sound
Building Details
Building Size
2,184 SF
Year Built
1980
Year Renovated
2024
Stories
1
Units
1
Listing Agency:
RE/MAX Dominion, LLC
Listed By:
Brittany Thomas
(346) 452-9311
Source:
Elliman
Added: Sep 14
Changed: Sep 18
Last Checked: Sep 18 at 9:37AM
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 RE/MAX Dominion, LLC
Investment Insights
Based on property information with market context.
This duplex contains two residences, each configured with 3 bedrooms, 2 bathrooms, and approximately 1,092 square feet of living area. The property underwent a studs-out renovation in 2024, updating the interiors with quartz surfaces, waterfall-edge islands, layered cabinetry, stainless steel appliances, brushed nickel hardware, and commercial-grade SPC flooring. LED lighting, decorative chandeliers, an LED fireplace, and contemporary bathroom tile contribute to the modern interior package. Both units also include alarm systems, remotely accessible cameras, and living-room prewiring for 5.1 surround sound.
Gated parking accommodates up to six vehicles. The property sits 50 feet from a City of Houston park, placing open green space immediately nearby. Originally built in 1980, the duplex combines a substantially updated interior program with separate residential layouts and security-oriented features.
Gated parking accommodates up to six vehicles. The property sits 50 feet from a City of Houston park, placing open green space immediately nearby. Originally built in 1980, the duplex combines a substantially updated interior program with separate residential layouts and security-oriented features.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 2 bathrooms per unit
- Approximately 1,092 square feet in each unit
- Studs‑out renovation completed in 2024
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
$28,605
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
6.98%
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%
$572,100
$572.1K
Cap Rate 7%
$408,643
$408.6K
Cap Rate 9%
$317,833
$317.8K
Market Conditions
NOI Build-Up for 2,184 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
$43.2K $19.80/SF
− Vacancy
−$2.4K −$1.09/SF
EGI
$40.9K $18.71/SF
− OpEx
−$12.3K −$5.61/SF
NOI
$28.6K $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%
$572,100
Cap Rate 7%
$408,643
Cap Rate 9%
$317,833
Alternative Uses
Best Use
Multifamily LT 5
$408.6K
$357.6K – $476.8K
NOI $28,605 @ 7.0% cap · market cap 6.98%
Second Best
Apartment 5plus
$353.5K
$309.3K – $412.4K
NOI $24,743 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$561.6K
$491.4K – $655.2K
NOI $39,312 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
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Business Placement
Demographics for 77051, TX
18,323
Population
7,453
Households
2.5
Avg Household Size
34
Median Age
15%
College-Educated
78%
High-School Grad
7.4 sq mi
ZIP Area
2,476
Density / Sq Mi
$40,030
Median Household Income
$31,914
Median Earnings
$1,332
Median Rent
$171,900
Median Home Value
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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 - Two updated residences with contemporary finishes, gated parking, and direct proximity to a City of Houston park.
Where is this duplex located?
The property is located at 4604 Bricker St AB Houston, TX.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 2 bathrooms per unit; Approximately 1,092 square feet in each unit; Studs‑out renovation completed in 2024
