Duplex with Private
For Sale
$484,900
4724 Coke Street, Houston, TX 77020
Newly built duplex with durable finishes, high ceilings, and separate outdoor space for both residences.
Property Size2,655 SF
Days on Market11
Property Features for 4724 Coke Street
General Information
Standard status
Active
Size
2,655 SF
Property subtype
Multi Family,Duplex
Units
Unit Mix
2 x 3BR/3BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Building Size
2,655 SF
Year Built
2026
Listing Agency:
Happen Houston
(281) 203-4802
Listed By:
Gustavo A Miquilarena
(281) 203-4802
Source:
Livingvoguerealestate
Added: Aug 14
Changed: Aug 24
Last Checked: Aug 23 at 4:28AM
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 Happen Houston
Investment Insights
Based on property information with market context.
Completed in 2026, this duplex contains two residences, each with 3 bedrooms and 3 full bathrooms. Interior features include luxury vinyl plank flooring, designer tile in every bathroom, low-maintenance materials, and 10' ceilings. Each unit also has a private oversized backyard, adding dedicated outdoor space to both homes.
The property is located at 4724 Coke St in Houston’s Denver Harbor area, near EaDo, Downtown Houston, major freeways, and employment centers. Walk Score is 48, Bike Score is 58, and Transit Score is 44.
The property is located at 4724 Coke St in Houston’s Denver Harbor area, near EaDo, Downtown Houston, major freeways, and employment centers. Walk Score is 48, Bike Score is 58, and Transit Score is 44.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 3 full bathrooms per unit
- Built in 2026 at 4724 Coke St, Houston, TX 77020
- Private oversized backyard provided for each residence
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
$34,774
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
7.17%
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%
$695,480
$695.5K
Cap Rate 7%
$496,771
$496.8K
Cap Rate 9%
$386,378
$386.4K
Market Conditions
NOI Build-Up for 2,655 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
$52.6K $19.80/SF
− Vacancy
−$2.9K −$1.09/SF
EGI
$49.7K $18.71/SF
− OpEx
−$14.9K −$5.61/SF
NOI
$34.8K $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%
$695,480
Cap Rate 7%
$496,771
Cap Rate 9%
$386,378
Alternative Uses
Best Use
Multifamily LT 5
$496.8K
$434.7K – $579.6K
NOI $34,774 @ 7.0% cap · market cap 7.17%
Second Best
Apartment 5plus
$429.7K
$376.0K – $501.3K
NOI $30,079 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$682.7K
$597.4K – $796.5K
NOI $47,790 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
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?
Duplex - Newly built duplex with durable finishes, high ceilings, and separate outdoor space for both residences.
Where is this duplex located?
The property is located at 4724 Coke Street Houston, TX.
What is the asking price?
The asking price for this property is $484,900.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 3 full bathrooms per unit; Built in 2026 at 4724 Coke St, Houston, TX 77020; Private oversized backyard provided for each residence
