Two-Unit Duplex with Off-Street
For Sale
$349,000
108 Opal Court, Houston, TX 77009
Both residences have two bedrooms, one bath, in-unit laundry, and a kitchen equipped with major appliances.
Property Size1,625 SF
Days on Market21
Property Features for 108 Opal Court
General Information
Standard status
Active
Size
1,625 SF
Property subtype
Multi Family,Duplex
Site & Location
Neighborhood
Near Northside
Taxes and HOA fees
Annual Taxes
$6,906
Building Details
Building Size
1,625 SF
Year Built
2014
Listing Agency:
Boulevard Realty
Listed By:
Kathleen Powell
(713) 443-7727
Source:
Greenwoodking
Added: Oct 5
Changed: Oct 16
Last Checked: Oct 24 at 10:08PM
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 Boulevard Realty
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Investment Insights
Based on property information with market context.
Built in 2014, this duplex property contains two residences, each with two bedrooms and one bath. Interior features include tile, granite counters, window coverings, and ceiling fans. Each unit is equipped with a washer and dryer, microwave, range, and refrigerator; the second bedroom closet also has a dresser, and the front bedroom includes a walk-in closet.
The property offers four off-street parking spaces, with two assigned to each residence. It is within walking distance of nearby restaurants and White Oak Music Hall, and provides access to downtown, I-45, I-10, Heights shopping and entertainment, and 20th Street.
The property offers four off-street parking spaces, with two assigned to each residence. It is within walking distance of nearby restaurants and White Oak Music Hall, and provides access to downtown, I-45, I-10, Heights shopping and entertainment, and 20th Street.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bath
- Built in 2014
- Four off‑street parking spaces, with two per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,284
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$425,680
$425.7K
Cap Rate 7%
$304,057
$304.1K
Cap Rate 9%
$236,489
$236.5K
Market Conditions
NOI Build-Up for 1,625 SF
Gross rent
$32.2K $19.80/SF
− Vacancy
−$1.8K −$1.09/SF
EGI
$30.4K $18.71/SF
− OpEx
−$9.1K −$5.61/SF
NOI
$21.3K $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 Rate 5%
$425,680
Cap Rate 7%
$304,057
Cap Rate 9%
$236,489
Alternative Uses
Best Use
Multifamily LT 5
$304.1K
$266.1K – $354.7K
NOI $21,284 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$263.0K
$230.1K – $306.8K
NOI $18,410 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$417.9K
$365.6K – $487.5K
NOI $29,250 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
919
Businesses Nearby
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Business Placement
Demographics for 77009, TX
36,425
Population
17,890
Households
2
Avg Household Size
37
Median Age
39%
College-Educated
78%
High-School Grad
6.2 sq mi
ZIP Area
5,875
Density / Sq Mi
$81,921
Median Household Income
$49,446
Median Earnings
$1,229
Median Rent
$403,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two bedrooms, one bath, in-unit laundry, and a kitchen equipped with major appliances.
Where is this duplex located?
The property is located at 108 Opal Court Houston, TX.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bath; Built in 2014; Four off‑street parking spaces, with two per unit
