New Construction Quadplex with Gated
New
For Sale
$899,900
5425 Manton St A-B, Houston, TX 77028
Two duplexes are planned with open-concept interiors and fenced outdoor space.
Property Size5,000 SF
Days on Market2
Property Features for 5425 Manton St A-B
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Investment
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$1,488
Building Details
Building Size
5,000 SF
Year Built
2026
Buildings
2
Stories
1
Units
1
Listing Agency:
Brooks & Davis Real Estate
(832) 524-4526
Listed By:
Andre Beraud · License #0667248
(832) 524-4526
Source:
Elliman
Added: Aug 10
Changed: Aug 11
Last Checked: Aug 11 at 5:31AM
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
Investment Insights
Based on property information with market context.
This four-unit property is being developed as two duplexes, with completion scheduled for September 2026. The planned residences feature open-concept interiors, premium flooring, white walls, modern fixtures, and private rooms designed to receive natural light. Kitchens are arranged around wood islands and include sleek counters, high-end cabinetry, and designated spaces for stainless steel appliances.
A gated entry provides controlled access to the property, while fenced green space serves as an outdoor amenity. The development is located on Manton St in Houston, Texas. Walk Score is 15, Bike Score is 30, and Transit Score is 27, reflecting a primarily car-dependent setting with some transit access.
A gated entry provides controlled access to the property, while fenced green space serves as an outdoor amenity. The development is located on Manton St in Houston, Texas. Walk Score is 15, Bike Score is 30, and Transit Score is 27, reflecting a primarily car-dependent setting with some transit access.
Key Highlights
- Four‑unit project configured as two duplexes
- Completion scheduled for September 2026
- Gated entry serving the property
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
$65,488
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%
$1,309,760
$1.3M
Cap Rate 7%
$935,543
$935.5K
Cap Rate 9%
$727,644
$727.6K
Market Conditions
NOI Build-Up for 5,000 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
$99.0K $19.80/SF
− Vacancy
−$5.4K −$1.09/SF
EGI
$93.6K $18.71/SF
− OpEx
−$28.1K −$5.61/SF
NOI
$65.5K $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%
$1,309,760
Cap Rate 7%
$935,543
Cap Rate 9%
$727,644
Alternative Uses
Best Use
Multifamily LT 5
$935.5K
$818.6K – $1.09M
NOI $65,488 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$809.2K
$708.1K – $944.1K
NOI $56,646 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,000 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
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?
Quadplex - Two duplexes are planned with open-concept interiors and fenced outdoor space.
Where is this quadplex located?
The property is located at 5425 Manton St A-B Houston, TX.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Four‑unit project configured as two duplexes; Completion scheduled for September 2026; Gated entry serving the property
