Modern Duplex with Tenant
For Sale
$419,900
4139 Brinkley Street A-B, Houston, TX 77051
Contemporary interiors, low-maintenance finishes, and individual concrete parking pads support established rental occupancy.
Property Size2,279 SF
Price / SF$184.25
Days on Market134
Property Features for 4139 Brinkley Street A-B
General Information
Standard status
Active
Size
2,279 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,682
Amenities
Yes
2
3
Appraiser
5000
2279
Building Details
Building Size
2,279 SF
Year Built
2023
Buildings
1
Stories
1
Construction
board-and-batten
Tenancy
Multi
Listing Agency:
Frazier & Frazier Real Estate
(409) 370-5790
Listed By:
Carlina Allen
(409) 370-5790
Source:
Garygreene
Added: Apr 20
Changed: Aug 29
Last Checked: Aug 30 at 2:02PM
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 Frazier & Frazier Real Estate
Investment Insights
Based on property information with market context.
Completed in 2023, this 2,279-square-foot duplex presents two residential units with contemporary interiors and tenants already in place. The design uses neutral finishes, wood-look flooring, recessed lighting, gray cabinetry, white quartz counters, and kitchen islands. Open living areas connect with kitchens, while the bedrooms offer natural light and generous closet storage. Marble-pattern bathroom tile and matte black hardware add updated detail throughout.
The exterior combines board-and-batten siding with brick accents. Each side has its own concrete parking pad, providing dedicated on-site parking for the units. The property is located at 4139 Brinkley Street A-B in Houston, Texas.
The exterior combines board-and-batten siding with brick accents. Each side has its own concrete parking pad, providing dedicated on-site parking for the units. The property is located at 4139 Brinkley Street A-B in Houston, Texas.
Key Highlights
- 2,279‑square‑foot duplex completed in 2023
- Tenants already in place across the two‑unit property
- Contemporary interiors with wood‑look flooring and recessed lighting
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
$29,850
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
7.11%
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%
$597,000
$597.0K
Cap Rate 7%
$426,429
$426.4K
Cap Rate 9%
$331,667
$331.7K
Market Conditions
NOI Build-Up for 2,279 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
$45.1K $19.80/SF
− Vacancy
−$2.5K −$1.09/SF
EGI
$42.6K $18.71/SF
− OpEx
−$12.8K −$5.61/SF
NOI
$29.8K $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%
$597,000
Cap Rate 7%
$426,429
Cap Rate 9%
$331,667
Alternative Uses
Best Use
Multifamily LT 5
$426.4K
$373.1K – $497.5K
NOI $29,850 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$368.8K
$322.7K – $430.3K
NOI $25,819 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$586.0K
$512.8K – $683.7K
NOI $41,022 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
Explore this area
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
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 - Contemporary interiors, low-maintenance finishes, and individual concrete parking pads support established rental occupancy.
Where is this duplex located?
The property is located at 4139 Brinkley Street A-B Houston, TX.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: 2,279‑square‑foot duplex completed in 2023; Tenants already in place across the two‑unit property; Contemporary interiors with wood‑look flooring and recessed lighting
