Duplex with Fenced
For Sale
$440,000
4528 Mayflower Street Unit A/B, Houston, TX 77051
Open-plan residence with upstairs bedrooms, a covered patio, and no HOA.
Property Size3,440 SF
Days on Market8
Property Features for 4528 Mayflower Street Unit A/B
General Information
Standard status
Active
Size
3,440 SF
Property subtype
Multi Family,Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,234
Amenities
covered patio
full fencing
Building Details
Building Size
3,440 SF
Year Built
2019
Buildings
1
Stories
2
Listing Agency:
Exquisite Properties, LLC
Listed By:
Diego Howard
(281) 336-1891
Source:
Mpowerrealtygroup
Added: Sep 2
Changed: Sep 9
Last Checked: Sep 8 at 2:33PM
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 Exquisite Properties, LLC
Investment Insights
Based on property information with market context.
Built in 2019, this two-story duplex offers an open interior layout with abundant natural light, recessed lighting, high ceilings, and upstairs bedrooms. The kitchen includes a large island and vent hood, with the living area connecting to a formal dining room. Outside, the backyard is fully fenced and includes a small covered patio.
The other unit is tenant occupied under a 2-year lease that began in January. Short-term rental use is identified as friendly, and the property has no HOA. The location provides access to NRG Park, the Texas Medical Center, Loop 610, I-288, downtown Houston, and surrounding areas.
The other unit is tenant occupied under a 2-year lease that began in January. Short-term rental use is identified as friendly, and the property has no HOA. The location provides access to NRG Park, the Texas Medical Center, Loop 610, I-288, downtown Houston, and surrounding areas.
Key Highlights
- Two‑story duplex built in 2019
- Other unit is tenant occupied under a 2‑year lease that began in January
- Short‑term rental friendly with no HOA
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
$38,972
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
8.86%
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%
$779,440
$779.4K
Cap Rate 7%
$556,743
$556.7K
Cap Rate 9%
$433,022
$433.0K
Market Conditions
NOI Build-Up for 3,440 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
$75.5K $21.96/SF
− Vacancy
−$4.7K −$1.36/SF
EGI
$70.9K $20.60/SF
− OpEx
−$31.9K −$9.27/SF
NOI
$39.0K $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%
$779,440
Cap Rate 7%
$556,743
Cap Rate 9%
$433,022
Alternative Uses
Best Use
Multifamily LT 5
$643.7K
$563.2K – $750.9K
NOI $45,056 @ 7.0% cap · market cap 10.24%
Second Best
Apartment 5plus
$556.7K
$487.2K – $649.5K
NOI $38,972 @ 7.0% cap · market cap 8.86%
Theoretical Best
Office A
$884.6K
$774.0K – $1.03M
NOI $61,920 @ 7.0% cap · market cap 14.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
432
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Open-plan residence with upstairs bedrooms, a covered patio, and no HOA.
Where is this duplex located?
The property is located at 4528 Mayflower Street Unit A/B Houston, TX.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Two‑story duplex built in 2019; Other unit is tenant occupied under a 2‑year lease that began in January; Short‑term rental friendly with no HOA
