Duplex Near Downtown and
For Sale
$479,000
4505 Maggie Street A, Houston, TX 77051
Duplex with 4 beds/3 baths per unit near Downtown.
Property Size3,656 SF
Price / SF$131.02
Days on Market195
Property Features for 4505 Maggie Street A
General Information
Standard status
Active
Size
3,656 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Sunnyside Civic Club, Inc.
Building Details
Year Built
2006
Listing Agency:
The Sears Group
Listed By:
Steven Tran · License #705994
(713) 405-9836
Source:
Doorstephomegroup
Added: Apr 15
Changed: Oct 25
Last Checked: Sep 29 at 3:06PM
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 The Sears Group
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Investment Insights
Based on property information with market context.
This duplex is located near Downtown, NRG Stadium, the Medical Center, and Pearland Town Center, with convenient access to 610 and 288. Each unit features 4 bedrooms and 3 full bathrooms, with two bedrooms upstairs in the main living area and two bedrooms downstairs. Each unit includes a dedicated dining room, an additional sitting area or office space, large closets, extra storage, and a downstairs laundry area. Both units also feature attached two-car garages, and the property is secured with a gated entrance. This property is suitable for investors or owner-occupants. Both units are occupied long term with government-paid housing. The tenant covers all utilities. Rents are below market and have the potential to increase. One HVAC unit was replaced in 2023. The bike score is 53, indicating it is bikeable. The walk score is 60, indicating it is somewhat walkable. The transit score is 45, indicating some transit options are available.
Key Highlights
- Prime location near Downtown, NRG Stadium, the Medical Center, and Pearland Town Center, with easy access to 610 and 288.
- Each unit features 4 bedrooms and 3 full bathrooms.
- Currently income‑producing with long‑term tenants and guaranteed government‑paid housing.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,419
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$828,380
$828.4K
Cap Rate 7%
$591,700
$591.7K
Cap Rate 9%
$460,211
$460.2K
Market Conditions
NOI Build-Up for 3,656 SF
Gross rent
$80.3K $21.96/SF
− Vacancy
−$5.0K −$1.36/SF
EGI
$75.3K $20.60/SF
− OpEx
−$33.9K −$9.27/SF
NOI
$41.4K $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 Rate 5%
$828,380
Cap Rate 7%
$591,700
Cap Rate 9%
$460,211
Alternative Uses
Best Use
Multifamily LT 5
$684.1K
$598.6K – $798.1K
NOI $47,885 @ 7.0% cap · market cap 10.00%
Second Best
Apartment 5plus
$591.7K
$517.7K – $690.3K
NOI $41,419 @ 7.0% cap · market cap 8.65%
Theoretical Best
Office A
$940.1K
$822.6K – $1.10M
NOI $65,808 @ 7.0% cap · market cap 13.74%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with 4 beds/3 baths per unit near Downtown.
Where is this duplex located?
The property is located at 4505 Maggie Street A Houston, TX.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Prime location near Downtown, NRG Stadium, the Medical Center, and Pearland Town Center, with easy access to 610 and 288.; Each unit features **4 bedrooms and 3 full bathrooms.**; Currently income‑producing with long‑term tenants and guaranteed government‑paid housing.
