Two-Story New Construction
For Sale
$489,900
A-b-5004 Carmen St, Houston, TX 77051
Contemporary income property with open living areas, a kitchen island, fireplace, vaulted ceilings, and abundant natural light.
Property Size2,561 SF
Price / SF$191.29
Days on Market69
Property Features for A-b-5004 Carmen St
General Information
Standard status
Active
Size
2,561 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Sunnyside
Highway Access
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,231
Building Details
Buildings
1
Stories
2
Listing Agency:
Brooks & Davis Real Estate
(713) 665-8329
Listed By:
Andre Beraud · License #0667248
(832) 524-4526
Source:
Exprealty
Added: Aug 19
Changed: Oct 25
Last Checked: Oct 24 at 10:31PM
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 newly built duplex is arranged across two levels with a contemporary exterior defined by broad glazing, framed windows, and crisp architectural lines. The interior centers on an open living area with an accent wall, modern light fixtures, and a fireplace. The connected kitchen features a large island with seating. Upstairs, the owner’s suite includes a vaulted ceiling, decorative wall treatment, and oversized windows. The property measures 2,561 square feet and includes 3 bedrooms and 2 full bathrooms.
Located in Houston, the property is positioned near the Texas Medical Center and Downtown, with access to I-610 and SH-288. The address is A-b-5004 Carmen St.
Located in Houston, the property is positioned near the Texas Medical Center and Downtown, with access to I-610 and SH-288. The address is A-b-5004 Carmen St.
Key Highlights
- New‑construction duplex with two‑story layout
- 2,561 square feet with 3 bedrooms and 2 full bathrooms
- Open living area with fireplace, accent wall, and modern lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,543
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,860
$670.9K
Cap Rate 7%
$479,186
$479.2K
Cap Rate 9%
$372,700
$372.7K
Market Conditions
NOI Build-Up for 2,561 SF
Gross rent
$50.7K $19.80/SF
− Vacancy
−$2.8K −$1.09/SF
EGI
$47.9K $18.71/SF
− OpEx
−$14.4K −$5.61/SF
NOI
$33.5K $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 Rate 5%
$670,860
Cap Rate 7%
$479,186
Cap Rate 9%
$372,700
Alternative Uses
Best Use
Multifamily LT 5
$479.2K
$419.3K – $559.1K
NOI $33,543 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$414.5K
$362.7K – $483.6K
NOI $29,014 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$658.5K
$576.2K – $768.3K
NOI $46,098 @ 7.0% cap · market cap 9.41%
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
533
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 - Contemporary income property with open living areas, a kitchen island, fireplace, vaulted ceilings, and abundant natural light.
Where is this duplex located?
The property is located at A-b-5004 Carmen St Houston, TX.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: New‑construction duplex with two‑story layout; 2,561 square feet with 3 bedrooms and 2 full bathrooms; Open living area with fireplace, accent wall, and modern lighting
