Duplex with Vinyl Plank
For Sale
$299,000
4726 Carmen Street, Houston, TX 77033
Two-unit property with distinct bedroom layouts, granite countertops, and shaker-style kitchen cabinetry.
Property Size2,314 SF
Price / SF$129.21
Days on Market128
Property Features for 4726 Carmen Street
General Information
Standard status
Active
Size
2,314 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
Plank,Vinyl
Yes
1
3
Appraiser
Granite Counters,Ceiling Fan(s),Programmable Thermostat
Cleared
12000
2314
Building Details
Building Size
2,314 SF
Year Built
1945
Stories
1
Listing Agency:
Connie Strban, Broker
(713) 501-2077
Listed By:
Sarah McClellan
(713) 501-2077
Source:
Garygreene
Added: Apr 19
Changed: Aug 24
Last Checked: Aug 24 at 3:44AM
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 Connie Strban, Broker
Investment Insights
Based on property information with market context.
This 2,314-square-foot duplex, built in 1945, contains two separate units with different residential configurations. Unit A offers 2 bedrooms and 1 bath with an open living and dining arrangement, while Unit B includes 3 bedrooms, 1 bath, and additional storage. Vinyl plank flooring extends throughout both units. The kitchens feature granite countertops and white shaker-style cabinets, and the bedrooms include large closets and multiple windows.
The property is located on Carmen Street in Houston’s Sunnyside area, with proximity to the Texas Medical Center, the University of Houston, and Texas Southern University. Major highways are also nearby, providing access to the broader Houston area.
The property is located on Carmen Street in Houston’s Sunnyside area, with proximity to the Texas Medical Center, the University of Houston, and Texas Southern University. Major highways are also nearby, providing access to the broader Houston area.
Key Highlights
- 2,314‑square‑foot duplex built in 1945
- Unit A: 2 bedrooms and 1 bath with open living and dining areas
- Unit B: 3 bedrooms, 1 bath, and additional storage
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
$26,216
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
8.77%
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%
$524,320
$524.3K
Cap Rate 7%
$374,514
$374.5K
Cap Rate 9%
$291,289
$291.3K
Market Conditions
NOI Build-Up for 2,314 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
$50.8K $21.96/SF
− Vacancy
−$3.2K −$1.36/SF
EGI
$47.7K $20.60/SF
− OpEx
−$21.4K −$9.27/SF
NOI
$26.2K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
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%
$524,320
Cap Rate 7%
$374,514
Cap Rate 9%
$291,289
Alternative Uses
Best Use
Multifamily LT 5
$433.0K
$378.9K – $505.1K
NOI $30,308 @ 7.0% cap · market cap 10.14%
Second Best
Apartment 5plus
$374.5K
$327.7K – $436.9K
NOI $26,216 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$595.0K
$520.7K – $694.2K
NOI $41,652 @ 7.0% cap · market cap 13.93%
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
473
Businesses Nearby
Explore this area
Business Placement
Demographics for 77033, TX
28,369
Population
10,228
Households
2.8
Avg Household Size
36
Median Age
9%
College-Educated
72%
High-School Grad
5.7 sq mi
ZIP Area
4,977
Density / Sq Mi
$37,081
Median Household Income
$28,459
Median Earnings
$1,204
Median Rent
$98,300
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?
Duplex - Two-unit property with distinct bedroom layouts, granite countertops, and shaker-style kitchen cabinetry.
Where is this duplex located?
The property is located at 4726 Carmen Street Houston, TX.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 2,314‑square‑foot duplex built in 1945; Unit A: 2 bedrooms and 1 bath with open living and dining areas; Unit B: 3 bedrooms, 1 bath, and additional storage
