New-Construction
For Sale
$464,900
Pending
4825 Pederson Street #A and B, Houston, TX 77033
Two separate residences feature open layouts, contemporary kitchens, private entries, gated parking, and a fenced yard.
Property Size2,559 SF
Days on Market93
Property Features for 4825 Pederson Street #A and B
General Information
Standard status
Pending
Size
2,559 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
private entrances
gated parking
fenced yard
Building Details
Building Size
2,559 SF
Year Built
2025
Stories
1
Listing Agency:
KBH Signature Realty Group
Listed By:
Kim Barnes-Henson · License #0460825
(713) 742-2424
Source:
Renesorola.kw
Added: Jun 3
Changed: Sep 2
Last Checked: Sep 2 at 1:30PM
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 KBH Signature Realty Group
Investment Insights
Based on property information with market context.
Built in 2025, this duplex comprises two separate units designed with open-concept layouts, generous living areas, contemporary kitchens, bedrooms, and full bathrooms. Each residence has its own entrance, while the property also provides gated parking and a fenced yard.
The property is positioned near the Texas Medical Center, major highways, universities, parks, and employment centers. Its two-unit configuration supports owner occupancy with a separate residence, leasing both units, or multigenerational use, subject to the buyer’s independent evaluation of applicable assumptions.
The property is positioned near the Texas Medical Center, major highways, universities, parks, and employment centers. Its two-unit configuration supports owner occupancy with a separate residence, leasing both units, or multigenerational use, subject to the buyer’s independent evaluation of applicable assumptions.
Key Highlights
- 2025 construction with two residential units
- Open‑concept floor plans with contemporary kitchens
- Private entrances for each unit
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
$33,517
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
7.21%
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%
$670,340
$670.3K
Cap Rate 7%
$478,814
$478.8K
Cap Rate 9%
$372,411
$372.4K
Market Conditions
NOI Build-Up for 2,559 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
$50.7K $19.80/SF
− Vacancy
−$2.8K −$1.09/SF
EGI
$47.9K $18.71/SF
− OpEx
−$14.4K −$5.61/SF
NOI
$33.5K $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%
$670,340
Cap Rate 7%
$478,814
Cap Rate 9%
$372,411
Alternative Uses
Best Use
Multifamily LT 5
$478.8K
$419.0K – $558.6K
NOI $33,517 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$414.2K
$362.4K – $483.2K
NOI $28,991 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$658.0K
$575.8K – $767.7K
NOI $46,062 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
377
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 separate residences feature open layouts, contemporary kitchens, private entries, gated parking, and a fenced yard.
Where is this duplex located?
The property is located at 4825 Pederson Street #A and B Houston, TX.
What is the asking price?
The asking price for this property is $464,900.
What are key features of this property?
This property features: 2025 construction with two residential units; Open‑concept floor plans with contemporary kitchens; Private entrances for each unit
