New Construction Duplex
For Sale
$449,900
5423 Manton Street A-B, Houston, TX 77028
New duplex construction will be completed in September 2026, featuring open-concept interiors, designer kitchens, and fenced outdoor space.
Property Size2,500 SF
Price / SF$179.96
Days on Market151
Property Features for 5423 Manton Street A-B
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Multi-Family
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,488
Amenities
Yes
2
3
Builder
5000
Appraiser
2500
Building Details
Building Size
2,500 SF
Year Built
2026
Stories
1
Tenancy
Multi
Listing Agency:
Aaron Harris Realty
(832) 303-2930
Listed By:
Manny Perry
(832) 303-2930
Source:
Garygreene
Added: Mar 27
Changed: Aug 22
Last Checked: Aug 24 at 3:53AM
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 Aaron Harris Realty
Investment Insights
Based on property information with market context.
New construction duplex (Units A–B) is scheduled for completion in September 2026. The property includes a gated entry and two thoughtfully designed floor plans, each with an open-concept layout, modern fixtures, and ample natural light.
Interiors are centered around a designer kitchen concept with a wood island, sleek counters, high-end cabinetry, and stainless steel appliance spaces. The overall aesthetic is defined by soaring white walls and finished flooring intended to support a flexible, clean look.
Outside, each unit offers a manageable, fenced green space for private outdoor use. This duplex is being presented as a fresh, turnkey-ready residential income property upon completion.
Interiors are centered around a designer kitchen concept with a wood island, sleek counters, high-end cabinetry, and stainless steel appliance spaces. The overall aesthetic is defined by soaring white walls and finished flooring intended to support a flexible, clean look.
Outside, each unit offers a manageable, fenced green space for private outdoor use. This duplex is being presented as a fresh, turnkey-ready residential income property upon completion.
Key Highlights
- New duplex construction to be completed September 2026
- 3 bedrooms and 2 total baths with 2,500 SF total building area
- Each unit has heating and air conditioning
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
$32,744
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
7.28%
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%
$654,880
$654.9K
Cap Rate 7%
$467,771
$467.8K
Cap Rate 9%
$363,822
$363.8K
Market Conditions
NOI Build-Up for 2,500 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
$49.5K $19.80/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$46.8K $18.71/SF
− OpEx
−$14.0K −$5.61/SF
NOI
$32.7K $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%
$654,880
Cap Rate 7%
$467,771
Cap Rate 9%
$363,822
Alternative Uses
Best Use
Multifamily LT 5
$467.8K
$409.3K – $545.7K
NOI $32,744 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$404.6K
$354.0K – $472.1K
NOI $28,323 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$642.9K
$562.5K – $750.0K
NOI $45,000 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
240
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 - New duplex construction will be completed in September 2026, featuring open-concept interiors, designer kitchens, and fenced outdoor space.
Where is this duplex located?
The property is located at 5423 Manton Street A-B Houston, TX.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: New duplex construction to be completed September 2026; 3 bedrooms and 2 total baths with 2,500 SF total building area; Each unit has heating and air conditioning
