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New Construction Duplex

5004 Carmen St C-D, Houston, TX 77033

For Sale
New
$499,900

Two-story configuration with three bedrooms and two full bathrooms.

Property Size2,561 SF
Days on Market5

Property Features for 5004 Carmen St C-D

General Information

Standard status Active
Size 2,561 SF
Property subtype Investment

Site & Location

Neighborhood South Park
Highway Access Yes
Public Transit Yes

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $2,231

Building Details

Building Size 2,561 SF
Year Built 2026
Buildings 1
Stories 2
Units 1
Listing Agency: Brooks & Davis Real Estate
Listed By: Andre Beraud · License TX #0667248
Source: Elliman
Added: Nov 6 Last Checked: Nov 10 at 7:50AM

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 Brooks & Davis Real Estate

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Investment Insights

Based on property information with market context.

Built in 2026, this two-story duplex has three bedrooms and two full bathrooms. The open living area connects to a kitchen with a large island and seating, while an interior fireplace and custom wall details add defined focal points. Upstairs, the owner's suite features vaulted ceilings and oversized windows.

The property is in Houston, minutes from the Texas Medical Center, Downtown, I-610 and SH-288. Dining and major employment hubs are also described as nearby. Walk Score is 47, Transit Score is 46, and Bike Score is 38.

Key Highlights

  • New construction, built in 2026
  • Two‑story duplex with 3 bedrooms and 2 full bathrooms
  • Kitchen includes an island with seating

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$33,543
Cap Rate
6.71%
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 (±1% cap)
NOI $33,543 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$414.5K
$362.7K – $483.6K (±1% cap)
NOI $29,014 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$658.5K
$576.2K – $768.3K (±1% cap)
NOI $46,098 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

471
Businesses Nearby

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

Average Price Trend$/SF for Duplexes in Houston, TX

$199 Jul
$190 Aug
$184 Sep
$186 Oct

Properties on Market for Duplexes in Houston

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two-story configuration with three bedrooms and two full bathrooms.
Where is this duplex located?
The property is located at 5004 Carmen St C-D Houston, TX.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: New construction, built in 2026; Two‑story duplex with 3 bedrooms and 2 full bathrooms; Kitchen includes an island with seating
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Includes: Price & PSF · Cap rate · Location · Zoning

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