Occupied Duplex with Fenced
For Sale
$395,000
Pending
1035 Junell Street, Houston, TX 77088
A 2021-built duplex with both units occupied, each offering a separate fenced yard with patio access.
Property Size2,464 SF
Days on Market78
Property Features for 1035 Junell Street
General Information
Standard status
Pending
Size
2,464 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,977
Amenities
Tile,Vinyl
Yes
4
6
Low-Emissivity Windows
frontdesk@kwsw.com
Washer Hookup,Dryer Hookup
Appraiser
Granite Counters,Ceiling Fan(s),Programmable Thermostat
Partial
Subdivision
7056
Paved
2464
Building Details
Building Size
2,464 SF
Year Built
2021
Stories
1
Tenancy
Multi
Listing Agency:
RE/MAX ONE
(281) 444-5140
Listed By:
Nancy Bilderback
(281) 773-6262
Source:
Garygreene
Added: Jun 25
Changed: Sep 9
Last Checked: Sep 10 at 6:04AM
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 ONE
Investment Insights
Based on property information with market context.
This 2021 duplex presents a straightforward income-producing setup with both units currently occupied. Each unit has a functional floor plan and modern finishes, supported by low-maintenance features. A key practical benefit is the outdoor space: separate fenced backyard areas for each unit, with patio access.
The property is located near major highways and a range of everyday amenities, including shopping and dining. Walk and bike access are described as somewhat limited, with the area characterized as car-dependent.
Overall, the asset offers a two-unit residential configuration with independent outdoor space, designed to support tenant-ready day-to-day living.
The property is located near major highways and a range of everyday amenities, including shopping and dining. Walk and bike access are described as somewhat limited, with the area characterized as car-dependent.
Overall, the asset offers a two-unit residential configuration with independent outdoor space, designed to support tenant-ready day-to-day living.
Key Highlights
- 2021‑built duplex with both units currently occupied
- Each unit has a separate fenced backyard with patio access
- Functional floor plans and modern finishes in both units
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
$32,273
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
8.17%
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%
$645,460
$645.5K
Cap Rate 7%
$461,043
$461.0K
Cap Rate 9%
$358,589
$358.6K
Market Conditions
NOI Build-Up for 2,464 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
$48.8K $19.80/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$46.1K $18.71/SF
− OpEx
−$13.8K −$5.61/SF
NOI
$32.3K $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%
$645,460
Cap Rate 7%
$461,043
Cap Rate 9%
$358,589
Alternative Uses
Best Use
Multifamily LT 5
$461.0K
$403.4K – $537.9K
NOI $32,273 @ 7.0% cap · market cap 8.17%
Second Best
Apartment 5plus
$398.8K
$348.9K – $465.3K
NOI $27,915 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$633.6K
$554.4K – $739.2K
NOI $44,352 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
387
Businesses Nearby
Explore this area
Business Placement
Demographics for 77088, TX
54,320
Population
18,500
Households
2.9
Avg Household Size
35
Median Age
13%
College-Educated
72%
High-School Grad
11.1 sq mi
ZIP Area
4,894
Density / Sq Mi
$52,549
Median Household Income
$32,015
Median Earnings
$1,177
Median Rent
$173,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - A 2021-built duplex with both units occupied, each offering a separate fenced yard with patio access.
Where is this duplex located?
The property is located at 1035 Junell Street Houston, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 2021‑built duplex with both units currently occupied; Each unit has a separate fenced backyard with patio access; Functional floor plans and modern finishes in both units
