New Construction
For Sale
$469,999
A-b-5034 Mallow St, Houston, TX 77033
Two thoughtfully designed homes offer open living areas, contemporary finishes, and gated access without HOA fees.
Property Size2,944 SF
Price / SF$159.65
Days on Market45
Property Features for A-b-5034 Mallow St
General Information
Standard status
Active
Size
2,944 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,394
Amenities
gated
stainless steel appliances
Building Details
Buildings
1
Listing Agency:
Vive Realty LLC
(832) 768-2010
Listed By:
Deysi Garcia
(832) 768-2010
Source:
Exprealty
Added: Jul 19
Changed: Aug 31
Last Checked: Aug 31 at 6:03PM
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 Vive Realty LLC
Investment Insights
Based on property information with market context.
This new-construction duplex contains two residences totaling 2,944 square feet. Each home provides three bedrooms and 2.5 bathrooms, with an open-concept living area, quartz countertops, stainless steel appliances, and all-electric systems. Abundant natural light and finished interiors support immediate residential use.
The property is gated and has no HOA. Located at A-b-5034 Mallow St in Houston, the duplex offers access to surrounding amenities and is minutes from the medical center. Its two-unit configuration accommodates both an owner-occupant seeking an additional residence and an investor evaluating a multifamily asset.
The property is gated and has no HOA. Located at A-b-5034 Mallow St in Houston, the duplex offers access to surrounding amenities and is minutes from the medical center. Its two-unit configuration accommodates both an owner-occupant seeking an additional residence and an investor evaluating a multifamily asset.
Key Highlights
- 2,944‑square‑foot new‑construction duplex with two units
- Each residence includes 3 bedrooms and 2.5 bathrooms
- Open‑concept interiors with quartz countertops and stainless steel appliances
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
$38,560
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
8.20%
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%
$771,200
$771.2K
Cap Rate 7%
$550,857
$550.9K
Cap Rate 9%
$428,444
$428.4K
Market Conditions
NOI Build-Up for 2,944 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
$58.3K $19.80/SF
− Vacancy
−$3.2K −$1.09/SF
EGI
$55.1K $18.71/SF
− OpEx
−$16.5K −$5.61/SF
NOI
$38.6K $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 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%
$771,200
Cap Rate 7%
$550,857
Cap Rate 9%
$428,444
Alternative Uses
Best Use
Multifamily LT 5
$550.9K
$482.0K – $642.7K
NOI $38,560 @ 7.0% cap · market cap 8.20%
Second Best
Apartment 5plus
$476.5K
$416.9K – $555.9K
NOI $33,353 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$757.0K
$662.4K – $883.2K
NOI $52,992 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
Explore this area
Business Placement
Demographics for 77033, TX
28,369
Population
10,228
Households
2.8
Avg Household Size
36
Median Age
9%
College-Educated
72%
High-School Grad
5.7 sq mi
ZIP Area
4,977
Density / Sq Mi
$37,081
Median Household Income
$28,459
Median Earnings
$1,204
Median Rent
$98,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two thoughtfully designed homes offer open living areas, contemporary finishes, and gated access without HOA fees.
Where is this duplex located?
The property is located at A-b-5034 Mallow St Houston, TX.
What is the asking price?
The asking price for this property is $469,999.
What are key features of this property?
This property features: 2,944‑square‑foot new‑construction duplex with two units; Each residence includes 3 bedrooms and 2.5 bathrooms; Open‑concept interiors with quartz countertops and stainless steel appliances
