Modern Single-Story
For Sale
$385,000
1010 Clinton Park Street Unit A/B, Houston, TX 77029
Two residences offer open-concept interiors, private outdoor space, stainless steel appliances, and contemporary finishes.
Property Size2,150 SF
Days on Market95
Property Features for 1010 Clinton Park Street Unit A/B
General Information
Standard status
Active
Size
2,150 SF
Property subtype
Multi Family,Duplex
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$7,350
Amenities
private backyards
added storage
commercial-grade security system
Building Details
Building Size
2,150 SF
Year Built
2023
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
eXp Realty LLC
(713) 226-9056
Listed By:
Erick Ortiz
(713) 226-9056
Source:
Mpowerrealtygroup
Added: May 5
Changed: Aug 3
Last Checked: Aug 6 at 3:55AM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
Built in 2023, this single-story duplex contains two residences, each with 3 bedrooms, 2 baths, an open-concept arrangement, and a kitchen equipped with stainless steel appliances. Modern finishes extend throughout both units, while private backyards provide dedicated outdoor space. An extended driveway supports parking, and rear storage adds practical utility for each residence. Commercial-grade security systems were newly installed in both units.
The property is located at 1010 Clinton Park Street in Houston, Texas. Downtown Houston, the University of Houston, and Hobby Airport are approximately 15 minutes away, while the Medical Center is about 20 minutes away. Access to 610 and I-10 further connects the property with major Houston destinations.
The property is located at 1010 Clinton Park Street in Houston, Texas. Downtown Houston, the University of Houston, and Hobby Airport are approximately 15 minutes away, while the Medical Center is about 20 minutes away. Access to 610 and I-10 further connects the property with major Houston destinations.
Key Highlights
- 2023‑built duplex with two 3‑bedroom, 2‑bath residences
- Single‑story layout with open‑concept living areas
- Stainless steel appliances and modern interior finishes
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
$28,160
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
7.31%
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%
$563,200
$563.2K
Cap Rate 7%
$402,286
$402.3K
Cap Rate 9%
$312,889
$312.9K
Market Conditions
NOI Build-Up for 2,150 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
$42.6K $19.80/SF
− Vacancy
−$2.3K −$1.09/SF
EGI
$40.2K $18.71/SF
− OpEx
−$12.1K −$5.61/SF
NOI
$28.2K $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%
$563,200
Cap Rate 7%
$402,286
Cap Rate 9%
$312,889
Alternative Uses
Best Use
Multifamily LT 5
$402.3K
$352.0K – $469.3K
NOI $28,160 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$348.0K
$304.5K – $406.0K
NOI $24,358 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$552.9K
$483.8K – $645.0K
NOI $38,700 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
Explore this area
Business Placement
Demographics for 77029, TX
17,044
Population
6,386
Households
2.7
Avg Household Size
36
Median Age
9%
College-Educated
62%
High-School Grad
10.6 sq mi
ZIP Area
1,608
Density / Sq Mi
$49,601
Median Household Income
$32,614
Median Earnings
$1,129
Median Rent
$115,400
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 residences offer open-concept interiors, private outdoor space, stainless steel appliances, and contemporary finishes.
Where is this duplex located?
The property is located at 1010 Clinton Park Street Unit A/B Houston, TX.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 2023‑built duplex with two 3‑bedroom, 2‑bath residences; Single‑story layout with open‑concept living areas; Stainless steel appliances and modern interior finishes
