New-Construction
For Sale
$845,000
6101 & 6103 Shotwell, Houston, TX 77028
Two adjacent duplex buildings provide modern layouts, contemporary kitchens, and durable finishes across four residential units.
Property Size5,964 SF
Days on Market169
Property Features for 6101 & 6103 Shotwell
General Information
Standard status
Active
Size
5,964 SF
Property subtype
Multi Family,Multiple Detached Dwellings
Additional Details
Highway Access
Yes
Building Details
Building Size
5,964 SF
Year Built
2026
Buildings
2
Tenancy
Multi
Listing Agency:
Camelot Realty Group
(832) 373-6021
Listed By:
Tajae Nelson
(832) 373-6021
Source:
Greenwoodking
Added: Feb 19
Changed: Aug 2
Last Checked: Aug 6 at 3:40AM
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 Camelot Realty Group
Investment Insights
Based on property information with market context.
Scheduled as a 2026 build, this four-unit multifamily property combines two adjacent duplex buildings at 6101 & 6103 Shotwell St. Each residence is arranged across two stories with three bedrooms and two and a half bathrooms. Interior features include open-concept living areas, contemporary kitchens with cabinetry, durable finishes, energy-efficient systems, walk-in closets, and primary suites with dedicated bathrooms.
The property offers access to I-610, Downtown Houston, and major employment centers. The two buildings are being offered together or individually, providing flexibility in the acquisition structure.
The property offers access to I-610, Downtown Houston, and major employment centers. The two buildings are being offered together or individually, providing flexibility in the acquisition structure.
Key Highlights
- Four‑unit property consisting of two adjacent duplex buildings
- 2026 year built with two‑story layouts
- Each unit includes 3 bedrooms and 2.5 bathrooms
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
$67,567
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
8.00%
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%
$1,351,340
$1.4M
Cap Rate 7%
$965,243
$965.2K
Cap Rate 9%
$750,744
$750.7K
Market Conditions
NOI Build-Up for 5,964 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
$131.0K $21.96/SF
− Vacancy
−$8.1K −$1.36/SF
EGI
$122.8K $20.60/SF
− OpEx
−$55.3K −$9.27/SF
NOI
$67.6K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
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%
$1,351,340
Cap Rate 7%
$965,243
Cap Rate 9%
$750,744
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$976.4K – $1.30M
NOI $78,115 @ 7.0% cap · market cap 9.24%
Second Best
Apartment 5plus
$965.2K
$844.6K – $1.13M
NOI $67,567 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,352 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
562
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 adjacent duplex buildings provide modern layouts, contemporary kitchens, and durable finishes across four residential units.
Where is this quadplex located?
The property is located at 6101 & 6103 Shotwell Houston, TX.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: Four‑unit property consisting of two adjacent duplex buildings; 2026 year built with two‑story layouts; Each unit includes 3 bedrooms and 2.5 bathrooms
