Three-Story Residential Income
For Sale
$475,000
1107 Bonner Street, Houston, TX 77007
Three-bedroom, three-and-a-half-bath home with private driveway, open-concept living, and stainless steel appliances.
Property Size2,320 SF
Price / SF$204.74
Days on Market199
Property Features for 1107 Bonner Street
General Information
Standard status
Active
Size
2,320 SF
Property subtype
Single Family
Additional Details
Highway Access
Yes
Amenities
Concrete,Tile,Wood
Kitchen,Living Room,Utility Room,Half Bath
1
Yes
4
3
Window Coverings
Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup
Appraiser
Double Vanity,High Ceilings,Kitchen/Family Room Combo,Bath in Primary Bedroom,Pantry,Self-closing Cabinet Doors,Self-closing Drawers,Soaking Tub,Separate Shower,Tub Shower,Walk-In Closet(s),Wired for Sound,Window Treatments,Ceiling Fan(s),Kitchen/Dining Combo,Living/Dining Room,Programmable Thermostat
Partial
Subdivision,Side Yard
No
Public
1605
Additional Parking,Attached,Driveway,Garage
Asphalt
Deck,Fence,Patio
Slab
2320
Building Details
Building Size
2,320 SF
Year Built
2014
Stories
3
Listing Agency:
Legacy Homes & Properties, LLC
(281) 444-5140
Listed By:
Brenda Roberson
(713) 201-6690
Source:
Garygreene
Added: Feb 23
Changed: Sep 9
Last Checked: Sep 10 at 6:12AM
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 Legacy Homes & Properties, LLC
Investment Insights
Based on property information with market context.
This three-story residential income property at 1107 Bonner Street offers an open-concept living area and a well-appointed interior with stainless steel appliances and sleek finishes, including Toto bidet toilets. The home includes three bedrooms and three-and-a-half bathrooms, providing flexible space across multiple levels. A private driveway supports convenient off-street parking.
The property is located near dining and entertainment and provides easy access to the Heights, Montrose, and Downtown. Major highways are also nearby, including I-10, 610, 45, and 59, making it practical for commuters and tenants.
As a one-owner property, it presents a turn-key layout built around modern living spaces and comfortable multi-bath configuration.
The property is located near dining and entertainment and provides easy access to the Heights, Montrose, and Downtown. Major highways are also nearby, including I-10, 610, 45, and 59, making it practical for commuters and tenants.
As a one-owner property, it presents a turn-key layout built around modern living spaces and comfortable multi-bath configuration.
Key Highlights
- 2014‑built, 3‑story home with 3 bedrooms and 3.5 bathrooms
- Central air cooling and gas/electric heating with tile, concrete, and wood flooring
- Kitchen includes dishwasher, washer/dryer, gas range/cooktop, disposal, wine refrigerator, microwave, electric oven, and refrigerator
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
$30,387
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
6.40%
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%
$607,740
$607.7K
Cap Rate 7%
$434,100
$434.1K
Cap Rate 9%
$337,633
$337.6K
Market Conditions
NOI Build-Up for 2,320 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
$45.9K $19.80/SF
− Vacancy
−$2.5K −$1.09/SF
EGI
$43.4K $18.71/SF
− OpEx
−$13.0K −$5.61/SF
NOI
$30.4K $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%
$607,740
Cap Rate 7%
$434,100
Cap Rate 9%
$337,633
Alternative Uses
Best Use
Multifamily LT 5
$434.1K
$379.8K – $506.5K
NOI $30,387 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$375.5K
$328.6K – $438.1K
NOI $26,284 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$596.6K
$522.0K – $696.0K
NOI $41,760 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,042
Businesses Nearby
Explore this area
Business Placement
Demographics for 77007, TX
42,908
Population
26,281
Households
1.6
Avg Household Size
34
Median Age
80%
College-Educated
99%
High-School Grad
7.5 sq mi
ZIP Area
5,721
Density / Sq Mi
$140,878
Median Household Income
$92,408
Median Earnings
$1,951
Median Rent
$501,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Three-bedroom, three-and-a-half-bath home with private driveway, open-concept living, and stainless steel appliances.
Where is this duplex located?
The property is located at 1107 Bonner Street Houston, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2014‑built, 3‑story home with 3 bedrooms and 3.5 bathrooms; Central air cooling and gas/electric heating with tile, concrete, and wood flooring; Kitchen includes dishwasher, washer/dryer, gas range/cooktop, disposal, wine refrigerator, microwave, electric oven, and refrigerator
