EADO Area Income
For Sale
$315,000
4618 Clay St, Houston, TX 77023
Duplex with detached apartment in Houston's EADO area.
Property Size1,472 SF
Price / SF$213.99
Days on Market323
Property Features for 4618 Clay St
General Information
Standard status
Active
Size
1,472 SF
Property subtype
Multi-Family
Building Details
Year Built
1936
Listing Agency:
AIM Realty, Inc.
Listed By:
William Klingberg · License #0416425
(281) 440-4291
Source:
Vincesoldit
Added: Nov 27, 2025
Changed: Oct 7
Last Checked: Oct 7 at 2:05PM
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 AIM Realty, Inc.
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Investment Insights
Based on property information with market context.
This property presents an investor opportunity in the EADO area, featuring a duplex and a separate detached rear apartment. The duplex contains two units, each with one bedroom and one bathroom, along with living and dining areas. Both duplex units feature wood and tile flooring throughout. The detached apartment includes one bedroom, one bathroom, and an open living space adjacent to the kitchen. The roof shingles were replaced in 2025. The property is to be sold in as-is condition with any tenants in place.
Key Highlights
- Investor opportunity: Duplex with additional detached apartment.
- Three total units: Two 1‑bedroom/1‑bath duplex units plus a separate 1‑bedroom/1‑bath apartment.
- Roof shingles replaced in 2025.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,280
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,600
$385.6K
Cap Rate 7%
$275,429
$275.4K
Cap Rate 9%
$214,222
$214.2K
Market Conditions
NOI Build-Up for 1,472 SF
Gross rent
$29.1K $19.80/SF
− Vacancy
−$1.6K −$1.09/SF
EGI
$27.5K $18.71/SF
− OpEx
−$8.3K −$5.61/SF
NOI
$19.3K $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%
$385,600
Cap Rate 7%
$275,429
Cap Rate 9%
$214,222
Alternative Uses
Best Use
Multifamily LT 5
$275.4K
$241.0K – $321.3K
NOI $19,280 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$238.2K
$208.5K – $278.0K
NOI $16,677 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$378.5K
$331.2K – $441.6K
NOI $26,496 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
896
Businesses Nearby
Explore this area
Business Placement
Demographics for 77023, TX
26,780
Population
11,850
Households
2.3
Avg Household Size
36
Median Age
24%
College-Educated
75%
High-School Grad
5.5 sq mi
ZIP Area
4,869
Density / Sq Mi
$50,018
Median Household Income
$35,730
Median Earnings
$1,079
Median Rent
$279,300
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 detached apartment in Houston's EADO area.
Where is this duplex located?
The property is located at 4618 Clay St Houston, TX.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Investor opportunity: Duplex with additional detached apartment.; Three total units: Two 1‑bedroom/1‑bath duplex units plus a separate 1‑bedroom/1‑bath apartment.; Roof shingles replaced in 2025.
