New Construction
For Sale
$979,900
A-d-5004 Carmen St, Houston, TX 77051
Two-story income property with four modern residences, open living areas, fireplaces, and kitchens designed around large islands.
Property Size5,122 SF
Price / SF$191.31
Days on Market59
Property Features for A-d-5004 Carmen St
General Information
Standard status
Active
Size
5,122 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,231
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: Aug 20
Changed: Oct 6
Last Checked: Oct 16 at 12:38PM
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
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.
Completed as new construction, this two-story quadplex contains four residences arranged as two duplex buildings. Each unit offers three bedrooms and two full bathrooms, with 5,122 square feet across the property. Interior plans emphasize open-concept living, custom accent-wall treatments, contemporary lighting, and a fireplace in the main living area. Kitchens feature oversized islands with seating, while the owner suites include vaulted ceilings, decorative wall detailing, and large windows.
The property is positioned in a growing Houston neighborhood near the Texas Medical Center and Downtown. Access to I-610 and SH-288 places major employment centers, city destinations, and dining within convenient reach. The combination of four residential units, contemporary construction, and a consistent three-bedroom layout provides a clearly defined multifamily configuration.
The property is positioned in a growing Houston neighborhood near the Texas Medical Center and Downtown. Access to I-610 and SH-288 places major employment centers, city destinations, and dining within convenient reach. The combination of four residential units, contemporary construction, and a consistent three-bedroom layout provides a clearly defined multifamily configuration.
Key Highlights
- Four‑unit quadplex completed as new construction
- 5,122 SF two‑story multifamily property
- Each residence includes 3 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,086
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,341,720
$1.3M
Cap Rate 7%
$958,371
$958.4K
Cap Rate 9%
$745,400
$745.4K
Market Conditions
NOI Build-Up for 5,122 SF
Gross rent
$101.4K $19.80/SF
− Vacancy
−$5.6K −$1.09/SF
EGI
$95.8K $18.71/SF
− OpEx
−$28.8K −$5.61/SF
NOI
$67.1K $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%
$1,341,720
Cap Rate 7%
$958,371
Cap Rate 9%
$745,400
Alternative Uses
Best Use
Multifamily LT 5
$958.4K
$838.6K – $1.12M
NOI $67,086 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$829.0K
$725.4K – $967.1K
NOI $58,028 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,196 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
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?
Quadplex - Two-story income property with four modern residences, open living areas, fireplaces, and kitchens designed around large islands.
Where is this quadplex located?
The property is located at A-d-5004 Carmen St Houston, TX.
What is the asking price?
The asking price for this property is $979,900.
What are key features of this property?
This property features: Four‑unit quadplex completed as new construction; 5,122 SF two‑story multifamily property; Each residence includes 3 bedrooms and 2 full bathrooms
