Duplex with Covered
New
For Sale
$495,000
4310 Larkspur Street Unit A/B, Houston, TX 77051
Two-story duplex offers flexible living arrangements, private outdoor space, and kitchens configured for daily use and entertaining.
Property Size3,526 SF
Days on Market6
Property Features for 4310 Larkspur Street Unit A/B
General Information
Standard status
Active
Size
3,526 SF
Property subtype
Multi Family,Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,652
Building Details
Building Size
3,526 SF
Year Built
2019
Buildings
1
Listing Agency:
Real Property Management Prefe
Listed By:
Kristy Pennetta
(951) 591-5727
Source:
Nancyalmodovar
Added: Aug 28
Changed: Aug 31
Last Checked: Sep 1 at 10:49PM
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 Real Property Management Prefe
Investment Insights
Based on property information with market context.
Built in 2019, this duplex contains two residential units, each with three bedrooms and two full bathrooms. Both layouts include a kitchen with a large island, breakfast bar, and substantial cabinetry, along with an upper-level bedroom area featuring carpet and generous closet space. Each unit also has a private fenced backyard with a covered patio.
Unit A is occupied under a lease extending through 12/31/2026. Unit B is vacant and has newly installed carpet. The property is near the Medical Center, Rice University, and NRG Stadium, with shopping centers, restaurants, and parks also located nearby. The offering includes both Unit A and Unit B at 4310 Larkspur Street.
Unit A is occupied under a lease extending through 12/31/2026. Unit B is vacant and has newly installed carpet. The property is near the Medical Center, Rice University, and NRG Stadium, with shopping centers, restaurants, and parks also located nearby. The offering includes both Unit A and Unit B at 4310 Larkspur Street.
Key Highlights
- Two‑unit duplex built in 2019
- Each unit includes 3 bedrooms and 2 full bathrooms
- Large kitchen islands, breakfast bars, and ample cabinetry in both units
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
$39,947
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
8.07%
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%
$798,940
$798.9K
Cap Rate 7%
$570,671
$570.7K
Cap Rate 9%
$443,856
$443.9K
Market Conditions
NOI Build-Up for 3,526 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
$77.4K $21.96/SF
− Vacancy
−$4.8K −$1.36/SF
EGI
$72.6K $20.60/SF
− OpEx
−$32.7K −$9.27/SF
NOI
$39.9K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
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%
$798,940
Cap Rate 7%
$570,671
Cap Rate 9%
$443,856
Alternative Uses
Best Use
Multifamily LT 5
$659.7K
$577.3K – $769.7K
NOI $46,182 @ 7.0% cap · market cap 9.33%
Second Best
Apartment 5plus
$570.7K
$499.3K – $665.8K
NOI $39,947 @ 7.0% cap · market cap 8.07%
Theoretical Best
Office A
$906.7K
$793.4K – $1.06M
NOI $63,468 @ 7.0% cap · market cap 12.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
557
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 - Two-story duplex offers flexible living arrangements, private outdoor space, and kitchens configured for daily use and entertaining.
Where is this duplex located?
The property is located at 4310 Larkspur Street Unit A/B Houston, TX.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2019; Each unit includes 3 bedrooms and 2 full bathrooms; Large kitchen islands, breakfast bars, and ample cabinetry in both units
