New Construction Duplex with Flex
For Sale
$445,000
4317 Plaag Street, Houston, TX 77016
Three-bedroom residence with contemporary finishes, an adaptable flex room, and convenient access to central Houston destinations.
Property Size2,488 SF
Price / SF$178.86
Days on Market72
Property Features for 4317 Plaag Street
General Information
Standard status
Active
Size
2,488 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,423
Amenities
Yes
1
2
Builder
3900
Appraiser
2488
Building Details
Building Size
2,488 SF
Year Built
2026
Stories
2
Listing Agency:
RE/MAX Professionals
(281) 444-5140
Listed By:
Susan Cline
(713) 705-3053
Source:
Garygreene
Added: Aug 7
Changed: Oct 16
Last Checked: Oct 16 at 6:44AM
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 Professionals
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Investment Insights
Based on property information with market context.
This 2026-built duplex offers a three-bedroom, two-and-a-half-bath configuration with an additional flex room. The adaptable space can function as a fourth bedroom, home office, playroom, or fitness area. An open living arrangement, contemporary finishes, abundant natural light, and practical living areas define the interior presentation.
The property is located in Houston near Downtown Houston, Minute Maid Park, Shell Energy Stadium, the George R. Brown Convention Center, and Toyota Center. Access to I-69, Loop 610, and I-10 connects the property with employment centers, dining, entertainment, and other areas throughout the city.
The property is located in Houston near Downtown Houston, Minute Maid Park, Shell Energy Stadium, the George R. Brown Convention Center, and Toyota Center. Access to I-69, Loop 610, and I-10 connects the property with employment centers, dining, entertainment, and other areas throughout the city.
Key Highlights
- 2026 construction
- Three bedrooms and 2.5 baths
- Flex room adaptable for a fourth bedroom, office, playroom, or fitness area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,587
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,740
$651.7K
Cap Rate 7%
$465,529
$465.5K
Cap Rate 9%
$362,078
$362.1K
Market Conditions
NOI Build-Up for 2,488 SF
Gross rent
$49.3K $19.80/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$46.6K $18.71/SF
− OpEx
−$14.0K −$5.61/SF
NOI
$32.6K $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 Rate 5%
$651,740
Cap Rate 7%
$465,529
Cap Rate 9%
$362,078
Alternative Uses
Best Use
Multifamily LT 5
$465.5K
$407.3K – $543.1K
NOI $32,587 @ 7.0% cap · market cap 7.32%
Second Best
Apartment 5plus
$402.7K
$352.3K – $469.8K
NOI $28,187 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$639.8K
$559.8K – $746.4K
NOI $44,784 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
Explore this area
Business Placement
Demographics for 77016, TX
29,966
Population
11,131
Households
2.7
Avg Household Size
37
Median Age
11%
College-Educated
75%
High-School Grad
9.9 sq mi
ZIP Area
3,027
Density / Sq Mi
$46,411
Median Household Income
$30,510
Median Earnings
$1,163
Median Rent
$111,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Three-bedroom residence with contemporary finishes, an adaptable flex room, and convenient access to central Houston destinations.
Where is this duplex located?
The property is located at 4317 Plaag Street Houston, TX.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 2026 construction; Three bedrooms and 2.5 baths; Flex room adaptable for a fourth bedroom, office, playroom, or fitness area
