Remodeled Duplex Near
For Sale
$410,000
Ab-4604 Bricker St, Houston, TX 77051
Two updated residential units combine contemporary finishes with gated parking for up to six vehicles.
Property Size2,184 SF
Price / SF$187.73
Days on Market11
Property Features for Ab-4604 Bricker St
General Information
Standard status
Active
Size
2,184 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$7,780
Listing Agency:
RE/MAX Dominion, LLC
(713) 817-0436
Listed By:
Brittany Thomas
(346) 452-9311
Source:
Exprealty
Added: Sep 9
Changed: Sep 15
Last Checked: Sep 18 at 11:41AM
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 RE/MAX Dominion, LLC
Investment Insights
Based on property information with market context.
This duplex was remodeled to the studs in 2024 and contains two residential units totaling 2,184 square feet. Each unit provides 3 bedrooms, 2 bathrooms, and approximately 1,092 square feet of living area. Interior improvements include quartz countertops, waterfall-edge islands, double-stacked cabinetry, stainless steel appliances, brushed nickel fixtures, and commercial-grade SPC flooring. LED chandeliers, interior and exterior lighting, LED fireplaces, and contemporary bathroom tile complete the updated interiors.
The property includes gated parking for up to six vehicles and sits 50 feet from a City of Houston park. Each unit also features a security alarm, remote-accessible cameras, and pre-wiring for 5.1 surround sound in the living room.
The property includes gated parking for up to six vehicles and sits 50 feet from a City of Houston park. Each unit also features a security alarm, remote-accessible cameras, and pre-wiring for 5.1 surround sound in the living room.
Key Highlights
- Duplex remodeled to the studs in 2024
- Two units, each with 3 bedrooms, 2 bathrooms, and approximately 1,092 square feet
- 50 feet from a City of Houston park
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
$28,605
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
6.98%
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%
$572,100
$572.1K
Cap Rate 7%
$408,643
$408.6K
Cap Rate 9%
$317,833
$317.8K
Market Conditions
NOI Build-Up for 2,184 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
$43.2K $19.80/SF
− Vacancy
−$2.4K −$1.09/SF
EGI
$40.9K $18.71/SF
− OpEx
−$12.3K −$5.61/SF
NOI
$28.6K $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%
$572,100
Cap Rate 7%
$408,643
Cap Rate 9%
$317,833
Alternative Uses
Best Use
Multifamily LT 5
$408.6K
$357.6K – $476.8K
NOI $28,605 @ 7.0% cap · market cap 6.98%
Second Best
Apartment 5plus
$353.5K
$309.3K – $412.4K
NOI $24,743 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$561.6K
$491.4K – $655.2K
NOI $39,312 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated residential units combine contemporary finishes with gated parking for up to six vehicles.
Where is this duplex located?
The property is located at Ab-4604 Bricker St Houston, TX.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Duplex remodeled to the studs in 2024; Two units, each with 3 bedrooms, 2 bathrooms, and approximately 1,092 square feet; 50 feet from a City of Houston park
