Two-Unit Contemporary
For Sale
$499,900
A-b-4929 Wilmington St, Houston, TX 77051
One residence is tenant-occupied, while the other can be occupied by an owner or leased separately.
Property Size3,152 SF
Price / SF$158.60
Days on Market16
Property Features for A-b-4929 Wilmington St
General Information
Standard status
Active
Size
3,152 SF
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,773
Amenities
gated entry
Building Details
Stories
2
Listing Agency:
Brooks & Davis Real Estate
(713) 665-8329
Listed By:
Andre Beraud · License #0667248
(832) 524-4526
Source:
Exprealty
Added: Sep 21
Changed: Oct 6
Last Checked: Oct 6 at 2:28AM
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 two-story duplex in Houston’s Medical Center South area contains 3,152 square feet. The exterior pairs dark siding with wood accents and includes a gated entry. Interior features include open living areas, wood-look tile, an electric fireplace feature wall, and white cabinetry. The kitchen has stainless steel appliances and quartz waterfall countertops with black veining.
Both units have upstairs bedrooms with ceiling fans and modern bathrooms. Unit B is occupied by a tenant; Unit A may be occupied by an owner or rented separately.
Both units have upstairs bedrooms with ceiling fans and modern bathrooms. Unit B is occupied by a tenant; Unit A may be occupied by an owner or rented separately.
Key Highlights
- Two‑story duplex totaling 3,152 square feet
- Gated entry and exterior finished with dark siding and wood accents
- Open living areas with wood‑look tile and an electric fireplace feature wall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,284
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$825,680
$825.7K
Cap Rate 7%
$589,771
$589.8K
Cap Rate 9%
$458,711
$458.7K
Market Conditions
NOI Build-Up for 3,152 SF
Gross rent
$62.4K $19.80/SF
− Vacancy
−$3.4K −$1.09/SF
EGI
$59.0K $18.71/SF
− OpEx
−$17.7K −$5.61/SF
NOI
$41.3K $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%
$825,680
Cap Rate 7%
$589,771
Cap Rate 9%
$458,711
Alternative Uses
Best Use
Multifamily LT 5
$589.8K
$516.1K – $688.1K
NOI $41,284 @ 7.0% cap · market cap 8.26%
Second Best
Apartment 5plus
$510.1K
$446.4K – $595.2K
NOI $35,710 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$810.5K
$709.2K – $945.6K
NOI $56,736 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
203
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - One residence is tenant-occupied, while the other can be occupied by an owner or leased separately.
Where is this duplex located?
The property is located at A-b-4929 Wilmington St Houston, TX.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two‑story duplex totaling 3,152 square feet; Gated entry and exterior finished with dark siding and wood accents; Open living areas with wood‑look tile and an electric fireplace feature wall
