Renovated Duplex With New
4154 Erby Street, Houston, TX 77087
For Sale
$499,000
Two separately metered residences include private outdoor areas and hookups for in-unit laundry.
Property Size2,613 SF
Price / SF$190.97
Days on Market266
Property Features for 4154 Erby Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Amenities
in-unit laundry hookups
private outdoor spaces
Building Details
Building Size
Year Built
Listing Agency:
Priority One Real Estate
Listed By:
Sarah Benson
(281) 707-2210
Source:
Oakhousere
Added: Feb 18
Changed: Nov 10
Last Checked: Nov 10 at 8:18PM
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 Priority One Real Estate
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Investment Insights
Based on property information with market context.
This 2,613-square-foot duplex, built in 1950, has been remodeled with new PEX plumbing, electrical wiring and panel, HVAC, siding, roof, and driveways. Both residences have open layouts, luxury vinyl plank floors, large windows, and dedicated living and bedroom areas. Kitchens are fitted with quartz counters, stainless steel appliances, and updated cabinetry; bathrooms have contemporary fixtures, rainfall showerheads, and vanities.
The units have separate utilities, laundry hookups, and private outdoor spaces. The property is located at 4154 Erby Street in Houston, Texas.
The units have separate utilities, laundry hookups, and private outdoor spaces. The property is located at 4154 Erby Street in Houston, Texas.
Key Highlights
- 2,613‑square‑foot duplex built in 1950
- New PEX plumbing, electrical wiring and panel, HVAC system, siding, roof, and driveways
- Both residences offer open layouts, luxury vinyl plank flooring, and large windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,224
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$684,480
$684.5K
Cap Rate 7%
$488,914
$488.9K
Cap Rate 9%
$380,267
$380.3K
Market Conditions
NOI Build-Up for 2,613 SF
Gross rent
$51.7K $19.80/SF
− Vacancy
−$2.8K −$1.09/SF
EGI
$48.9K $18.71/SF
− OpEx
−$14.7K −$5.61/SF
NOI
$34.2K $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 Rate 5%
$684,480
Cap Rate 7%
$488,914
Cap Rate 9%
$380,267
Alternative Uses
Best Use
Multifamily LT 5
$488.9K
$427.8K – $570.4K
NOI $34,224 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$422.9K
$370.0K – $493.4K
NOI $29,603 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$671.9K
$587.9K – $783.9K
NOI $47,034 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
982
Businesses Nearby
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Business Placement
Demographics for 77087, TX
34,654
Population
12,400
Households
2.8
Avg Household Size
35
Median Age
12%
College-Educated
63%
High-School Grad
6.6 sq mi
ZIP Area
5,251
Density / Sq Mi
$53,624
Median Household Income
$32,927
Median Earnings
$1,015
Median Rent
$148,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Houston, TX
Properties on Market for Duplexes in Houston
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered residences include private outdoor areas and hookups for in-unit laundry.
Where is this duplex located?
The property is located at 4154 Erby Street Houston, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 2,613‑square‑foot duplex built in 1950; New PEX plumbing, electrical wiring and panel, HVAC system, siding, roof, and driveways; Both residences offer open layouts, luxury vinyl plank flooring, and large windows
