New Construction
For Sale
$489,900
5004 Carmen Street C-D, Houston, TX 77033
Two-story multifamily property with four residential units, open living areas, fireplaces, and contemporary kitchen layouts.
Property Size2,561 SF
Price / SF$191.29
Days on Market68
Property Features for 5004 Carmen Street C-D
General Information
Standard status
Active
Size
2,561 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
South Park
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$2,231
Amenities
Yes
2
3
Builder
3250
Other
2561
Building Details
Building Size
2,561 SF
Year Built
2026
Stories
2
Listing Agency:
William Lo
(281) 444-5140
Listed By:
Lucia Clark
(832) 492-6575
Source:
Garygreene
Added: Aug 19
Changed: Oct 25
Last Checked: Oct 24 at 2:38PM
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 William Lo
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Investment Insights
Based on property information with market context.
Completed in 2026, this two-story quadplex is arranged as two duplexes with four residential units. Each unit includes three bedrooms and two full bathrooms, while the interiors feature open-concept living areas, modern lighting, custom wall details, and a fireplace. Kitchens are organized around large islands with seating, supporting a connected living and dining environment.
The property is located in Houston near the Texas Medical Center, Downtown, I-610, and SH-288. Addressed at 5004 Carmen St A-D, the building offers contemporary residential construction within an urban setting. Walk Score is 47, Transit Score is 46, and bikeScore is 38.
The property is located in Houston near the Texas Medical Center, Downtown, I-610, and SH-288. Addressed at 5004 Carmen St A-D, the building offers contemporary residential construction within an urban setting. Walk Score is 47, Transit Score is 46, and bikeScore is 38.
Key Highlights
- Four‑unit property configured as two duplexes
- Built in 2026 with two‑story construction
- Each unit has 3 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,543
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,860
$670.9K
Cap Rate 7%
$479,186
$479.2K
Cap Rate 9%
$372,700
$372.7K
Market Conditions
NOI Build-Up for 2,561 SF
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 Rate 5%
$670,860
Cap Rate 7%
$479,186
Cap Rate 9%
$372,700
Alternative Uses
Best Use
Multifamily LT 5
$479.2K
$419.3K – $559.1K
NOI $33,543 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$414.5K
$362.7K – $483.6K
NOI $29,014 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$658.5K
$576.2K – $768.3K
NOI $46,098 @ 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 four residential units, open living areas, fireplaces, and contemporary kitchen layouts.
Where is this quadplex located?
The property is located at 5004 Carmen Street C-D Houston, TX.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Four‑unit property configured as two duplexes; Built in 2026 with two‑story construction; Each unit has 3 bedrooms and 2 full bathrooms
