Two-Unit Residential
For Sale
$419,900
4615 Collingsworth Street, Houston, TX 77026
Each residence has a three-bedroom, two-bathroom layout with open-concept living space.
Property Size2,640 SF
Price / SF$159.05
Days on Market11
Property Features for 4615 Collingsworth Street
General Information
Standard status
Active
Size
2,640 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Kashmere Gardens
Highway Access
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
2023
Buildings
1
Listing Agency:
Rocket Realtors
Listed By:
The Jill Smith Team
(281) 462-5405
Source:
Jillsmithteam
Added: Oct 16
Changed: Oct 25
Last Checked: Oct 24 at 4:47PM
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 Rocket Realtors
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Investment Insights
Based on property information with market context.
Built in 2023, this Houston duplex contains two residences, each arranged with three bedrooms and two full bathrooms. The combined building area is 2,640 square feet. Open-concept living areas, contemporary finishes, and natural light are features of both units.
The property is in the Kashmere Gardens area, with access to I-10, Highway 59/I-69, and Loop 610. Downtown Houston and the East River development are also identified as nearby destinations.
The property is in the Kashmere Gardens area, with access to I-10, Highway 59/I-69, and Loop 610. Downtown Houston and the East River development are also identified as nearby destinations.
Key Highlights
- Two residential units, each with 3 bedrooms and 2 full bathrooms
- 2,640 square feet of building area
- Built in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,578
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$691,560
$691.6K
Cap Rate 7%
$493,971
$494.0K
Cap Rate 9%
$384,200
$384.2K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$52.3K $19.80/SF
− Vacancy
−$2.9K −$1.09/SF
EGI
$49.4K $18.71/SF
− OpEx
−$14.8K −$5.61/SF
NOI
$34.6K $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%
$691,560
Cap Rate 7%
$493,971
Cap Rate 9%
$384,200
Alternative Uses
Best Use
Multifamily LT 5
$494.0K
$432.2K – $576.3K
NOI $34,578 @ 7.0% cap · market cap 8.23%
Second Best
Apartment 5plus
$427.3K
$373.9K – $498.5K
NOI $29,909 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$678.9K
$594.0K – $792.0K
NOI $47,520 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
Explore this area
Business Placement
Demographics for 77026, TX
23,405
Population
9,580
Households
2.4
Avg Household Size
36
Median Age
9%
College-Educated
70%
High-School Grad
6.6 sq mi
ZIP Area
3,546
Density / Sq Mi
$34,835
Median Household Income
$29,339
Median Earnings
$962
Median Rent
$104,800
Median Home Value
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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 - Each residence has a three-bedroom, two-bathroom layout with open-concept living space.
Where is this duplex located?
The property is located at 4615 Collingsworth Street Houston, TX.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: Two residential units, each with 3 bedrooms and 2 full bathrooms; 2,640 square feet of building area; Built in 2023
