New Construction
For Sale
$899,990
Pending
4610 Gunter St, Houston, TX 77020
Three distinct residences provide flexible multifamily living with modern layouts and no HOA.
Property Size4,360 SF
Days on Market76
Property Features for 4610 Gunter St
General Information
Standard status
Pending
Size
4,360 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$2,657
Building Details
Building Size
4,360 SF
Year Built
2026
Stories
2
Units
3
Listed By:
Roquel Chatman
(832) 433-6366
Source:
Elliman
Added: Jun 22
Changed: Aug 31
Last Checked: Aug 31 at 6:39PM
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 Roquel Chatman
Investment Insights
Based on property information with market context.
This new-construction triplex contains three separate residences totaling 9 bedrooms and 7.5 bathrooms. Two units measure 1,290 SF each and include three bedrooms, two bathrooms, 11-foot ceilings, open living areas, oversized windows, covered back patios, and balconies. The 1,800 SF residence adds three bedrooms, 3.5 bathrooms, a secondary living area, and a larger overall layout. The property sits on a 5,000 SF lot and has no HOA.
Located in Denver Harbor, the property offers proximity to Downtown, EaDo, major highways, dining, and entertainment. The address is 4610 Gunter St, Houston, TX 77020. Walk Score is 37, Bike Score is 49, and Transit Score is 42. Built in 2026, the property combines three modern residential configurations within one multifamily asset.
Located in Denver Harbor, the property offers proximity to Downtown, EaDo, major highways, dining, and entertainment. The address is 4610 Gunter St, Houston, TX 77020. Walk Score is 37, Bike Score is 49, and Transit Score is 42. Built in 2026, the property combines three modern residential configurations within one multifamily asset.
Key Highlights
- Three‑residence triplex with 9 bedrooms and 7.5 bathrooms
- Two 1,290 SF units feature 3 bedrooms, 2 bathrooms, and 11’ ceilings
- 1,800 SF unit includes 3 bedrooms, 3.5 bathrooms, and a secondary living area
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
$57,106
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
6.35%
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%
$1,142,120
$1.1M
Cap Rate 7%
$815,800
$815.8K
Cap Rate 9%
$634,511
$634.5K
Market Conditions
NOI Build-Up for 4,360 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
$86.3K $19.80/SF
− Vacancy
−$4.7K −$1.09/SF
EGI
$81.6K $18.71/SF
− OpEx
−$24.5K −$5.61/SF
NOI
$57.1K $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%
$1,142,120
Cap Rate 7%
$815,800
Cap Rate 9%
$634,511
Alternative Uses
Best Use
Multifamily LT 5
$815.8K
$713.8K – $951.8K
NOI $57,106 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$705.6K
$617.4K – $823.3K
NOI $49,395 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$1.12M
$981.0K – $1.31M
NOI $78,480 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
625
Businesses Nearby
Explore this area
Business Placement
Demographics for 77020, TX
24,846
Population
10,054
Households
2.5
Avg Household Size
35
Median Age
13%
College-Educated
65%
High-School Grad
7.8 sq mi
ZIP Area
3,185
Density / Sq Mi
$49,481
Median Household Income
$32,573
Median Earnings
$942
Median Rent
$133,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three distinct residences provide flexible multifamily living with modern layouts and no HOA.
Where is this triplex located?
The property is located at 4610 Gunter St Houston, TX.
What is the asking price?
The asking price for this property is $899,990.
What are key features of this property?
This property features: Three‑residence triplex with 9 bedrooms and 7.5 bathrooms; Two 1,290 SF units feature 3 bedrooms, 2 bathrooms, and 11’ ceilings; 1,800 SF unit includes 3 bedrooms, 3.5 bathrooms, and a secondary living area
