Triplex with Separate Rear
For Sale
$475,000
4714 Clay Street, Houston, TX 77023
Three residential units combine distinct floor plans with central air and heat throughout.
Property Size2,944 SF
Days on Market161
Property Features for 4714 Clay Street
General Information
Standard status
Active
Size
2,944 SF
Property subtype
Multi Family,Triplex
Taxes and HOA fees
Annual Taxes
$7,993
Building Details
Building Size
2,944 SF
Year Built
1936
Buildings
2
Stories
2
Construction
brick veneer
Tenancy
Multi
Listing Agency:
Carlos Garcia Realty, Inc.
(713) 494-0222
Listed By:
Carlos Garcia II · License #0169952
(713) 494-0222
Source:
Livingvoguerealestate
Added: Feb 26
Changed: Aug 3
Last Checked: Aug 5 at 3:58AM
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 Carlos Garcia Realty, Inc.
Investment Insights
Based on property information with market context.
Built in 1936, this triplex includes two units within a two-story brick-veneer front building and a separate dwelling at the rear. Each front residence offers two bedrooms, one bathroom, a living area, a kitchen and dining combination, plus a compact study or den. Original hardwood flooring, granite countertops, dishwashers, and central air and heat serve the front units. The rear residence provides one bedroom, one bathroom, a kitchen, living space, and central air and heat.
The property is located at 4714 Clay Street in Houston’s EADO and Eastwood areas, with elementary, middle, and Austin high schools nearby.
The property is located at 4714 Clay Street in Houston’s EADO and Eastwood areas, with elementary, middle, and Austin high schools nearby.
Key Highlights
- Triplex configuration with two front residences and a separate rear dwelling
- Each front unit includes 2 bedrooms and 1 bathroom
- Rear residence offers 1 bedroom, 1 bathroom, kitchen, and living space
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.3k | $19.80 |
| − Vacancy | −$3.2k | −$1.09 |
| EGI | $55.1k | $18.71 |
| − OpEx | −$16.5k | −$5.61 |
| NOI | $38.6k | $13.10 |
2,944 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$550.9K
$482.0K – $642.7K
NOI $38,560 @ 7.0% cap · market cap 8.12%
Second Best
Apartment 5plus
$476.5K
$416.9K – $555.9K
NOI $33,353 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$757.0K
$662.4K – $883.2K
NOI $52,992 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
845
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
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 residential units combine distinct floor plans with central air and heat throughout.
Where is this triplex located?
The property is located at 4714 Clay Street Houston, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Triplex configuration with two front residences and a separate rear dwelling; Each front unit includes 2 bedrooms and 1 bathroom; Rear residence offers 1 bedroom, 1 bathroom, kitchen, and living space
