New Construction
4653 Phlox Street, Houston, TX 77051
For Sale
$485,000
Two newly built residences offer a first-floor primary suite and a separate upstairs tenant area.
Property Size2,540 SF
Price / SF$190.94
Days on Market26
Property Features for 4653 Phlox Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
New Age
Listed By:
Ashwin Kewalramani · License TX #0700464
(713) 373-7401
Source:
Oakhousere
Added: Oct 15
Changed: Nov 7
Last Checked: Nov 9 at 1:42PM
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 New Age
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Investment Insights
Based on property information with market context.
Completed in 2026, this 2,540-square-foot duplex features new construction and a layout with a primary suite on the first floor. The upper level is configured as tenant space. Interior finishes include white cabinetry, a Taj Mahal-style island, stainless steel appliances with a gas range, subway tile backsplash, black pendant lighting, and wood-look flooring.
Located at 4653 Phlox Street in Houston, the property is identified with ZIP code 77051.
Located at 4653 Phlox Street in Houston, the property is identified with ZIP code 77051.
Key Highlights
- 2,540 square feet of duplex space
- Built in 2026
- First‑floor primary suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,268
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$665,360
$665.4K
Cap Rate 7%
$475,257
$475.3K
Cap Rate 9%
$369,644
$369.6K
Market Conditions
NOI Build-Up for 2,540 SF
Gross rent
$50.3K $19.80/SF
− Vacancy
−$2.8K −$1.09/SF
EGI
$47.5K $18.71/SF
− OpEx
−$14.3K −$5.61/SF
NOI
$33.3K $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%
$665,360
Cap Rate 7%
$475,257
Cap Rate 9%
$369,644
Alternative Uses
Best Use
Multifamily LT 5
$475.3K
$415.9K – $554.5K
NOI $33,268 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$411.1K
$359.7K – $479.6K
NOI $28,776 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$653.1K
$571.5K – $762.0K
NOI $45,720 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
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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
$171,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Houston, TX
Properties on Market for Duplexes in Houston
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two newly built residences offer a first-floor primary suite and a separate upstairs tenant area.
Where is this duplex located?
The property is located at 4653 Phlox Street Houston, TX.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 2,540 square feet of duplex space; Built in 2026; First‑floor primary suite
