Two-Unit Duplex with Central
4430 Clay Street, Houston, TX 77023
For Sale
$349,000
One residence is vacant; the other is leased month to month, with reserved parking behind the building.
Property Size1,221 SF
Price / SF$285.83
Days on Market91
Property Features for 4430 Clay Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Road Access
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
central A/C and heat
washer and dryer included
granite counters
laminate floors
reserved parking
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Compass RE Texas, LLC - Houston
Listed By:
Dennis Pow-Sang · License #0442159
(713) 291-1222
Source:
Skwrealty
Added: Aug 11
Changed: Nov 7
Last Checked: Nov 8 at 7:39PM
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 Compass RE Texas, LLC - Houston
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Investment Insights
Based on property information with market context.
This one-story duplex contains two units: one with a bedroom and one bathroom, and a second with two bedrooms and one bathroom. The 1,221-square-foot property was built in 1939. Both units have central air conditioning and heat, and the interior finishes include granite counters and laminate flooring. A washer and dryer are included.
One unit is vacant, while the other is occupied under a month-to-month arrangement. Reserved parking is located at the rear of the property. The address is in Houston, with access to I-45 and I-59 and proximity to Downtown and the University of Houston.
One unit is vacant, while the other is occupied under a month-to-month arrangement. Reserved parking is located at the rear of the property. The address is in Houston, with access to I-45 and I-59 and proximity to Downtown and the University of Houston.
Key Highlights
- Two units: one 1‑bedroom/1‑bath and one 2‑bedroom/1‑bath
- 1,221 square feet; built in 1939
- Central air conditioning and heat in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,992
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,840
$319.8K
Cap Rate 7%
$228,457
$228.5K
Cap Rate 9%
$177,689
$177.7K
Market Conditions
NOI Build-Up for 1,221 SF
Gross rent
$24.2K $19.80/SF
− Vacancy
−$1.3K −$1.09/SF
EGI
$22.8K $18.71/SF
− OpEx
−$6.9K −$5.61/SF
NOI
$16.0K $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%
$319,840
Cap Rate 7%
$228,457
Cap Rate 9%
$177,689
Alternative Uses
Best Use
Multifamily LT 5
$228.5K
$199.9K – $266.5K
NOI $15,992 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$197.6K
$172.9K – $230.6K
NOI $13,833 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$314.0K
$274.7K – $366.3K
NOI $21,978 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
912
Businesses Nearby
Explore this area
Business Placement
Demographics for 77023, TX
26,780
Population
11,850
Households
2.3
Avg Household Size
36
Median Age
24%
College-Educated
75%
High-School Grad
5.5 sq mi
ZIP Area
4,869
Density / Sq Mi
$50,018
Median Household Income
$35,730
Median Earnings
$1,079
Median Rent
$279,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - One residence is vacant; the other is leased month to month, with reserved parking behind the building.
Where is this duplex located?
The property is located at 4430 Clay Street Houston, TX.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Two units: one 1‑bedroom/1‑bath and one 2‑bedroom/1‑bath; 1,221 square feet; built in 1939; Central air conditioning and heat in both units
