New Duplex with Two-Car
New
For Sale
$599,900
4521 Newberry St, Houston, TX 77051
Brand-new duplex with three-bedroom layouts, upgraded kitchen finishes, fenced backyards, and private garage parking for each residence.
Property Size2,728 SF
Days on Market3
Property Features for 4521 Newberry St
General Information
Standard status
Active
Size
2,728 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$1,674
Building Details
Building Size
2,728 SF
Year Built
2026
Stories
2
Units
2
Listed By:
Mahir Rizvon
(713) 253-4457
Source:
Elliman
Added: Sep 8
Changed: Sep 9
Last Checked: Sep 10 at 9:08AM
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 Mahir Rizvon
Investment Insights
Based on property information with market context.
Completed in 2026, this duplex contains two residences, each offering three bedrooms, two full bathrooms, a fenced backyard, and a two-car garage. Interior features include quartz countertops, waterfall kitchen islands, gas ranges with pot fillers, custom white shaker cabinetry, matte black hardware, and wrought-iron stair details. Each home also includes a primary suite with a tray ceiling, rain-head shower, quartz bench, and dedicated walk-in closet.
The property is located at 4521 Newberry St in Houston’s Medical Center South area, with the Texas Medical Center, NRG Stadium, and Downtown Houston identified as nearby destinations. WalkScore is 47, BikeScore is 38, and TransitScore is 46.
The property is located at 4521 Newberry St in Houston’s Medical Center South area, with the Texas Medical Center, NRG Stadium, and Downtown Houston identified as nearby destinations. WalkScore is 47, BikeScore is 38, and TransitScore is 46.
Key Highlights
- Two‑residence duplex completed in 2026
- Each unit includes 3 bedrooms and 2 full baths
- Two‑car garage parking provided for each unit
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
$35,731
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
5.96%
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%
$714,620
$714.6K
Cap Rate 7%
$510,443
$510.4K
Cap Rate 9%
$397,011
$397.0K
Market Conditions
NOI Build-Up for 2,728 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
$54.0K $19.80/SF
− Vacancy
−$3.0K −$1.09/SF
EGI
$51.0K $18.71/SF
− OpEx
−$15.3K −$5.61/SF
NOI
$35.7K $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%
$714,620
Cap Rate 7%
$510,443
Cap Rate 9%
$397,011
Alternative Uses
Best Use
Multifamily LT 5
$510.4K
$446.6K – $595.5K
NOI $35,731 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$441.5K
$386.3K – $515.1K
NOI $30,906 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$701.5K
$613.8K – $818.4K
NOI $49,104 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
441
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
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
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Frequently Asked Questions
What type of property is this?
Duplex - Brand-new duplex with three-bedroom layouts, upgraded kitchen finishes, fenced backyards, and private garage parking for each residence.
Where is this duplex located?
The property is located at 4521 Newberry St Houston, TX.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Two‑residence duplex completed in 2026; Each unit includes 3 bedrooms and 2 full baths; Two‑car garage parking provided for each unit
