Two-Story Duplex Under
New
For Sale
$479,999
4824 Baton Rouge Street, Houston, TX 77028
Each residence features an open-concept interior, modern finishes, and a fully equipped kitchen with appliances included.
Property Size2,606 SF
Days on Market7
Property Features for 4824 Baton Rouge Street
General Information
Standard status
Active
Size
2,606 SF
Property subtype
Multi Family,Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,143
Building Details
Building Size
2,606 SF
Year Built
2026
Buildings
1
Stories
2
Listing Agency:
Braden Real Estate Group
(832) 500-5426
Listed By:
Nicole Handy · License #0623605
(832) 500-5426
Source:
Greenwoodking
Added: Aug 18
Changed: Aug 24
Last Checked: Aug 23 at 7:09AM
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 Braden Real Estate Group
Investment Insights
Based on property information with market context.
This two-story duplex is under construction at 4824 Baton Rouge St in Houston. The property includes two residences, with each unit offering three bedrooms, two-and-a-half bathrooms, and approximately 1,300 square feet. Planned interior features include an open-concept design, luxury vinyl plank flooring, a fully equipped kitchen with appliances, and a primary bedroom with a walk-in closet.
The property has no HOA and is located just minutes from Downtown Houston, with access to major freeways, dining, and entertainment. Drive-by viewing is available during construction, and model pictures are provided. The property is backed by a 2-10 Home Warranty and has a YearBuilt designation of 2026.
The property has no HOA and is located just minutes from Downtown Houston, with access to major freeways, dining, and entertainment. Drive-by viewing is available during construction, and model pictures are provided. The property is backed by a 2-10 Home Warranty and has a YearBuilt designation of 2026.
Key Highlights
- Two‑story duplex under construction with two residential units
- Each unit includes 3 bedrooms, 2.5 bathrooms, and approximately 1,300 square feet
- Open‑concept interiors with luxury vinyl plank flooring throughout
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
$34,133
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
7.11%
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%
$682,660
$682.7K
Cap Rate 7%
$487,614
$487.6K
Cap Rate 9%
$379,256
$379.3K
Market Conditions
NOI Build-Up for 2,606 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
$51.6K $19.80/SF
− Vacancy
−$2.8K −$1.09/SF
EGI
$48.8K $18.71/SF
− OpEx
−$14.6K −$5.61/SF
NOI
$34.1K $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%
$682,660
Cap Rate 7%
$487,614
Cap Rate 9%
$379,256
Alternative Uses
Best Use
Multifamily LT 5
$487.6K
$426.7K – $568.9K
NOI $34,133 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$421.8K
$369.1K – $492.1K
NOI $29,524 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$670.1K
$586.4K – $781.8K
NOI $46,908 @ 7.0% cap · market cap 9.77%
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
575
Businesses Nearby
Explore this area
Business Placement
Demographics for 77028, TX
18,701
Population
7,102
Households
2.6
Avg Household Size
35
Median Age
8%
College-Educated
69%
High-School Grad
9.1 sq mi
ZIP Area
2,055
Density / Sq Mi
$36,244
Median Household Income
$28,099
Median Earnings
$1,115
Median Rent
$108,200
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 - Each residence features an open-concept interior, modern finishes, and a fully equipped kitchen with appliances included.
Where is this duplex located?
The property is located at 4824 Baton Rouge Street Houston, TX.
What is the asking price?
The asking price for this property is $479,999.
What are key features of this property?
This property features: Two‑story duplex under construction with two residential units; Each unit includes 3 bedrooms, 2.5 bathrooms, and approximately 1,300 square feet; Open‑concept interiors with luxury vinyl plank flooring throughout
