New Construction
For Sale
$979,900
5004 Carmen Street A-D, Houston, TX 77033
Two-story multifamily property with open-concept interiors, fireplace features, and island kitchens.
Property Size5,122 SF
Price / SF$191.31
Days on Market51
Property Features for 5004 Carmen Street A-D
General Information
Standard status
Active
Size
5,122 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
South Park
Highway Access
Yes
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$2,231
Amenities
Yes
4
6
Builder
6500
Other
5122
Building Details
Building Size
5,122 SF
Year Built
2026
Buildings
1
Stories
2
Listing Agency:
Anne Vickery & Associates Realty, LLC
(832) 334-0001
Listed By:
G.G. Corporate Connect
Source:
Garygreene
Added: Sep 5
Changed: Oct 25
Last Checked: Oct 24 at 2:06PM
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 Anne Vickery & Associates Realty, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2026, this two-story quadplex is arranged as two duplexes with four total residential units. Each unit features 3 bedrooms and 2 full bathrooms, along with an open-concept living area, modern lighting, custom accent wall detailing, and a fireplace. Kitchens include large islands with seating, while the owner's suites offer vaulted ceilings, decorative paneling, and oversized windows.
The property is located at 5004 Carmen Street in Houston, with access to the Texas Medical Center, Downtown, I-610, and SH-288 described as minutes away. The contemporary exterior incorporates clean lines, pronounced window framing, and expansive glass.
The property is located at 5004 Carmen Street in Houston, with access to the Texas Medical Center, Downtown, I-610, and SH-288 described as minutes away. The contemporary exterior incorporates clean lines, pronounced window framing, and expansive glass.
Key Highlights
- Fourplex completed in 2026
- Two‑story layout with 2 duplexes
- Four units with 3 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,086
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,341,720
$1.3M
Cap Rate 7%
$958,371
$958.4K
Cap Rate 9%
$745,400
$745.4K
Market Conditions
NOI Build-Up for 5,122 SF
Gross rent
$101.4K $19.80/SF
− Vacancy
−$5.6K −$1.09/SF
EGI
$95.8K $18.71/SF
− OpEx
−$28.8K −$5.61/SF
NOI
$67.1K $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 Rate 5%
$1,341,720
Cap Rate 7%
$958,371
Cap Rate 9%
$745,400
Alternative Uses
Best Use
Multifamily LT 5
$958.4K
$838.6K – $1.12M
NOI $67,086 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$829.0K
$725.4K – $967.1K
NOI $58,028 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,196 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
471
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
Frequently Asked Questions
What type of property is this?
Quadplex - Two-story multifamily property with open-concept interiors, fireplace features, and island kitchens.
Where is this quadplex located?
The property is located at 5004 Carmen Street A-D Houston, TX.
What is the asking price?
The asking price for this property is $979,900.
What are key features of this property?
This property features: Fourplex completed in 2026; Two‑story layout with 2 duplexes; Four units with 3 bedrooms and 2 full bathrooms
