Two-Unit Duplex with Gated
New
For Sale
$375,000
4233 Dupont Street, Houston, TX 77021
Separately metered two-bedroom, one-bath units offer a functional layout near Houston’s Medical Center.
Property Size1,805 SF
Days on Market7
Property Features for 4233 Dupont Street
General Information
Standard status
Active
Size
1,805 SF
Property subtype
Multi Family,Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
gated driveway
separate meters
Building Details
Building Size
1,805 SF
Year Built
1930
Buildings
1
Listing Agency:
Third Coast Realty LLC
(281) 704-8676
Listed By:
Saad Wadiwala
(281) 704-8676
Source:
Greenwoodking
Added: Aug 18
Changed: Aug 24
Last Checked: Aug 23 at 9:12AM
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 Third Coast Realty LLC
Investment Insights
Based on property information with market context.
Built in 1930, this duplex contains two residential units, each configured with two bedrooms and one bathroom. The units have nearly matching floor plans, while separate meters provide distinct utility measurement for each residence. A gated driveway serves the property and adds controlled access to the site.
The property is located at 4233 Dupont St in Houston, near the Medical Center. The second-floor unit is occupied by a tenant, and the property offers a combination of existing occupancy and two-unit residential functionality. Walk Score is 58, Bike Score is 53, and Transit Score is 44.
The property is located at 4233 Dupont St in Houston, near the Medical Center. The second-floor unit is occupied by a tenant, and the property offers a combination of existing occupancy and two-unit residential functionality. Walk Score is 58, Bike Score is 53, and Transit Score is 44.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom per unit
- Separate utility meters for each residence
- Gated driveway provides controlled site access
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
$23,641
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
6.30%
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%
$472,820
$472.8K
Cap Rate 7%
$337,729
$337.7K
Cap Rate 9%
$262,678
$262.7K
Market Conditions
NOI Build-Up for 1,805 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
$35.7K $19.80/SF
− Vacancy
−$2.0K −$1.09/SF
EGI
$33.8K $18.71/SF
− OpEx
−$10.1K −$5.61/SF
NOI
$23.6K $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%
$472,820
Cap Rate 7%
$337,729
Cap Rate 9%
$262,678
Alternative Uses
Best Use
Multifamily LT 5
$337.7K
$295.5K – $394.0K
NOI $23,641 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$292.1K
$255.6K – $340.8K
NOI $20,449 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$464.1K
$406.1K – $541.5K
NOI $32,490 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
819
Businesses Nearby
Explore this area
Business Placement
Demographics for 77021, TX
28,055
Population
12,819
Households
2.2
Avg Household Size
36
Median Age
34%
College-Educated
87%
High-School Grad
6.1 sq mi
ZIP Area
4,599
Density / Sq Mi
$45,034
Median Household Income
$38,041
Median Earnings
$1,193
Median Rent
$203,900
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 - Separately metered two-bedroom, one-bath units offer a functional layout near Houston’s Medical Center.
Where is this duplex located?
The property is located at 4233 Dupont Street Houston, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bathroom per unit; Separate utility meters for each residence; Gated driveway provides controlled site access
