Rehabbed Duplex with Back
For Sale
$300,000
109 Tascott Street, Pasadena, TX 77506
A rehabbed income property with two units, covered patios, storage, and washer/dryer connections.
Property Size1,204 SF
Lot Size0.23 Acres
Price / SF$148.51
Days on Market78
Property Features for 109 Tascott Street
General Information
Standard status
Active
Size
1,204 SF
Lot size
0.23 Acres
Property subtype
Multi Family,Multiple Detached Dwellings
Additional Details
Business Included
Yes
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,993
Building Details
Building Size
1,204 SF
Year Built
1930
Year Renovated
2023
Tenancy
Multi
Listing Agency:
eXp Realty LLC
(281) 614-9254
Listed By:
Mayela Sehnert
(281) 614-9254
Source:
Mpowerrealtygroup
Added: Jun 8
Changed: Aug 23
Last Checked: Aug 23 at 7:08AM
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.
This rehabbed duplex offers two separate residential units designed for day-to-day comfort and practical storage. Unit 1 features three bedrooms and one bathroom with 1,204 square feet, along with access to storage and front and back covered patio areas. Unit 2 is a 2-bedroom, 1-bath back house with 816 square feet and includes a dedicated storage unit and washer and dryer connections.
Located at 109 Tascott St in Pasadena, Texas, the property sits on a large lot measuring 10,123 square feet. The public remarks note the home is close to the 225 and 610 corridors, with a somewhat bikeable (BikeScore 47) and car-dependent (WalkScore 36) surrounding area.
The current setup is well-suited for an investor or owner-occupant seeking an income property with long-term renters in place. With covered outdoor space on Unit 1 and laundry hookups in Unit 2, the layout supports tenant convenience while keeping the improvements and configuration from the 2023 rehab intact.
Located at 109 Tascott St in Pasadena, Texas, the property sits on a large lot measuring 10,123 square feet. The public remarks note the home is close to the 225 and 610 corridors, with a somewhat bikeable (BikeScore 47) and car-dependent (WalkScore 36) surrounding area.
The current setup is well-suited for an investor or owner-occupant seeking an income property with long-term renters in place. With covered outdoor space on Unit 1 and laundry hookups in Unit 2, the layout supports tenant convenience while keeping the improvements and configuration from the 2023 rehab intact.
Key Highlights
- Rehabbed 2023 2‑unit income property built in 1930
- Unit 1: 3 bed/1 bath, 1,204 SF, with access to storage and front/back covered patio areas
- Unit 2 (back house): 2 bed/1 bath, 816 SF, plus storage and washer/dryer connections
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
$23,004
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
7.67%
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%
$460,080
$460.1K
Cap Rate 7%
$328,629
$328.6K
Cap Rate 9%
$255,600
$255.6K
Market Conditions
NOI Build-Up for 2,020 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
$35.1K $17.40/SF
− Vacancy
−$2.3K −$1.13/SF
EGI
$32.9K $16.27/SF
− OpEx
−$9.9K −$4.88/SF
NOI
$23.0K $11.39/SF
Area
Pasadena, TX
Vacancy
6.50%
Lease Rate
$17.40 /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%
$460,080
Cap Rate 7%
$328,629
Cap Rate 9%
$255,600
Alternative Uses
Best Use
Multifamily LT 5
$328.6K
$287.6K – $383.4K
NOI $23,004 @ 7.0% cap · market cap 7.67%
Second Best
Apartment 5plus
$295.4K
$258.5K – $344.6K
NOI $20,678 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$666.6K
$583.3K – $777.7K
NOI $46,664 @ 7.0% cap · market cap 15.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Explore this area
Business Placement
Demographics for 77506, TX
34,431
Population
11,973
Households
2.9
Avg Household Size
31
Median Age
5%
College-Educated
57%
High-School Grad
11.3 sq mi
ZIP Area
3,047
Density / Sq Mi
$50,045
Median Household Income
$31,621
Median Earnings
$1,049
Median Rent
$131,800
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 - A rehabbed income property with two units, covered patios, storage, and washer/dryer connections.
Where is this duplex located?
The property is located at 109 Tascott Street Pasadena, TX.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Rehabbed 2023 2‑unit income property built in 1930; Unit 1: 3 bed/1 bath, 1,204 SF, with access to storage and front/back covered patio areas; Unit 2 (back house): 2 bed/1 bath, 816 SF, plus storage and washer/dryer connections
