One-Story
For Sale
$405,000
4818 Paula Street, Houston, TX 77033
Both leased units offer open layouts, private backyards, and no HOA.
Days on Market13
Property Features for 4818 Paula Street
General Information
Standard status
Active
Property subtype
Multi Family Home
Lease Term
1 Year
Amenities
open floor plans
high ceilings
recessed lighting
lots of kitchen cabinets
traditional front porch/deck
private backyard
glass enclosed showers
separate soaking tubs
Building Details
Building Size
2,458 SF
Year Built
2021
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Sugar Valley Realty
(281) 568-7900
Listed By:
Robert Jones · License #0332182
(281) 568-7900
Source:
Keystonerg
Added: Jul 20
Changed: Jul 31
Last Checked: Jul 31 at 1:46PM
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 Sugar Valley Realty
Investment Insights
Based on property information with market context.
Built in 2021, this one-story duplex includes two leased units, each with 3 bedrooms and two bathrooms. Open floor plans support entertaining, while high ceilings, recessed lighting, and extensive kitchen cabinetry add practical functionality. Each primary bedroom includes a bathroom with a glass-enclosed shower and separate soaking tub.
The property includes traditional front porches or decks and private backyards for outdoor use. Located on Paula Street in Houston’s Sunnyside area, the duplex offers access to the Medical Center, downtown Houston, Pearland, and Clear Lake. There is no HOA.
The property includes traditional front porches or decks and private backyards for outdoor use. Located on Paula Street in Houston’s Sunnyside area, the duplex offers access to the Medical Center, downtown Houston, Pearland, and Clear Lake. There is no HOA.
Key Highlights
- Two leased units, each with 3 bedrooms and two bathrooms
- Built in 2021 with one‑story construction
- Primary bathrooms feature glass‑enclosed showers and separate soaking tubs
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 | $48.7k | $19.80 |
| − Vacancy | −$2.7k | −$1.09 |
| EGI | $46.0k | $18.71 |
| − OpEx | −$13.8k | −$5.61 |
| NOI | $32.2k | $13.10 |
2,458 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$459.9K
$402.4K – $536.6K
NOI $32,194 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$397.8K
$348.1K – $464.1K
NOI $27,847 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$632.1K
$553.1K – $737.4K
NOI $44,244 @ 7.0% cap · market cap 10.92%
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
454
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Both leased units offer open layouts, private backyards, and no HOA.
Where is this duplex located?
The property is located at 4818 Paula Street Houston, TX.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: Two leased units, each with 3 bedrooms and two bathrooms; Built in 2021 with one‑story construction; Primary bathrooms feature glass‑enclosed showers and separate soaking tubs
