Modern Two-Unit
For Sale
$364,000
Pending
A-b-4518 Newberry St, Houston, TX 77051
One-story income property with two-bedroom residences, contemporary finishes, and one side already leased.
Property Size1,800 SF
Days on Market66
Property Features for A-b-4518 Newberry St
General Information
Standard status
Pending
Size
1,800 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Sunnyside
Highway Access
Yes
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,763
Amenities
central air
ceiling fans
recessed lighting
stainless steel appliances
Building Details
Buildings
1
Stories
1
Listing Agency:
Brooks & Davis Real Estate
(713) 665-8329
Listed By:
Andre Beraud · License #0667248
(832) 524-4526
Source:
Exprealty
Added: Aug 22
Changed: Oct 25
Last Checked: Oct 24 at 7:06PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This one-story duplex contains two separate residences, each arranged with two bedrooms and two full bathrooms. Both sides feature open living areas with wood-look tile, recessed lighting, large windows, central air, and ceiling fans. The kitchens include prep islands with integrated cooktops, floating vent hoods, white cabinetry, dark hardware, and stainless steel appliances. Board-and-batten and wood-look exterior detailing adds contemporary character.
Unit A is leased. The property is inside the Loop, with proximity to the Medical Center, University of Houston, and Downtown. Access to 610 and I-45 connects the duplex with nearby parks, dining, and major employment centers.
Unit A is leased. The property is inside the Loop, with proximity to the Medical Center, University of Houston, and Downtown. Access to 610 and I-45 connects the duplex with nearby parks, dining, and major employment centers.
Key Highlights
- 1,800 SF one‑story duplex
- Two bedrooms and two full bathrooms in each unit
- Unit A is already leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,576
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,520
$471.5K
Cap Rate 7%
$336,800
$336.8K
Cap Rate 9%
$261,956
$262.0K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$35.6K $19.80/SF
− Vacancy
−$2.0K −$1.09/SF
EGI
$33.7K $18.71/SF
− OpEx
−$10.1K −$5.61/SF
NOI
$23.6K $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%
$471,520
Cap Rate 7%
$336,800
Cap Rate 9%
$261,956
Alternative Uses
Best Use
Multifamily LT 5
$336.8K
$294.7K – $392.9K
NOI $23,576 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$291.3K
$254.9K – $339.9K
NOI $20,392 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$462.9K
$405.0K – $540.0K
NOI $32,400 @ 7.0% cap · market cap 8.90%
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
441
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 - One-story income property with two-bedroom residences, contemporary finishes, and one side already leased.
Where is this duplex located?
The property is located at A-b-4518 Newberry St Houston, TX.
What is the asking price?
The asking price for this property is $364,000.
What are key features of this property?
This property features: 1,800 SF one‑story duplex; Two bedrooms and two full bathrooms in each unit; Unit A is already leased
