Two-Unit
For Sale
$464,900
A-4511 Reed Rd, Houston, TX 77051
Each residence has four bedrooms, three full baths, and a kitchen with granite counters and stainless steel appliances.
Property Size2,912 SF
Lot Size0.12 Acres
Price / SF$159.65
Days on Market27
Property Features for A-4511 Reed Rd
General Information
Standard status
Active
Size
2,912 SF
Lot size
0.12 Acres
Property subtype
Residential Income
Units
Unit Mix
2 x 4BR/3BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$8,906
Listing Agency:
Houston House of Realty, LLC
Listed By:
Michael Holmes · License #0697576
(713) 480-4747
Source:
Exprealty
Added: Sep 21
Changed: Oct 5
Last Checked: Oct 16 at 2:09PM
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 Houston House of Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Houston duplex contains two residences, each with four bedrooms and three full bathrooms. Both kitchens feature granite countertops, stainless steel appliances, and ample cabinetry. The property occupies a 5,050-square-foot lot.
Located on Reed Road, the duplex is near major highways, schools, shopping, dining, and everyday amenities.
Located on Reed Road, the duplex is near major highways, schools, shopping, dining, and everyday amenities.
Key Highlights
- Two residences, each with 4 bedrooms and 3 full bathrooms
- Granite countertops and stainless steel appliances in both kitchens
- 5,050‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,141
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,820
$762.8K
Cap Rate 7%
$544,871
$544.9K
Cap Rate 9%
$423,789
$423.8K
Market Conditions
NOI Build-Up for 2,912 SF
Gross rent
$57.7K $19.80/SF
− Vacancy
−$3.2K −$1.09/SF
EGI
$54.5K $18.71/SF
− OpEx
−$16.3K −$5.61/SF
NOI
$38.1K $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%
$762,820
Cap Rate 7%
$544,871
Cap Rate 9%
$423,789
Alternative Uses
Best Use
Multifamily LT 5
$544.9K
$476.8K – $635.7K
NOI $38,141 @ 7.0% cap · market cap 8.20%
Second Best
Apartment 5plus
$471.3K
$412.4K – $549.9K
NOI $32,991 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$748.8K
$655.2K – $873.6K
NOI $52,416 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Explore this area
Business Placement
Demographics for 77051, TX
18,323
Population
7,453
Households
2.5
Avg Household Size
34
Median Age
15%
College-Educated
78%
High-School Grad
7.4 sq mi
ZIP Area
2,476
Density / Sq Mi
$40,030
Median Household Income
$31,914
Median Earnings
$1,332
Median Rent
$171,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has four bedrooms, three full baths, and a kitchen with granite counters and stainless steel appliances.
Where is this duplex located?
The property is located at A-4511 Reed Rd Houston, TX.
What is the asking price?
The asking price for this property is $464,900.
What are key features of this property?
This property features: Two residences, each with 4 bedrooms and 3 full bathrooms; Granite countertops and stainless steel appliances in both kitchens; 5,050‑square‑foot lot
