New-Build Duplex with Covered
New
For Sale
$384,000
113 Bolden St A B, Houston, TX 77029
Two residential units offer open living areas, contemporary kitchens, and outdoor space for everyday use.
Property Size2,030 SF
Days on Market7
Property Features for 113 Bolden St A B
General Information
Standard status
Active
Size
2,030 SF
Property subtype
Investment
Lease Term
12 months
Building Details
Building Size
2,030 SF
Year Built
2025
Stories
1
Units
2
Listing Agency:
HomeSmart
Listed By:
Alfredo Zavala · License #0628571
(713) 203-8229
Source:
Elliman
Added: Aug 28
Changed: Aug 30
Last Checked: Sep 1 at 10:11PM
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 HomeSmart
Investment Insights
Based on property information with market context.
Completed in 2025, this duplex contains two residences, each arranged with 3 bedrooms and 2 full bathrooms. The interiors use an open layout that connects the living, dining, and kitchen areas, with large windows, neutral finishes, substantial cabinetry, and generous counter space. Each unit also includes a covered patio or deck, adding private outdoor space to the residential configuration.
The property is located at 113 Bolden St A B, Houston, TX 77029. The source information places it minutes from major freeways and employment or activity centers including Downtown, the Medical Center, East River Development, Hobby Airport, refineries, and Daikin Park. WalkScore is 12, TransitScore is 24, and bikeScore is 30, reflecting a car-dependent setting with minimal transit and somewhat bikeable conditions.
The property is located at 113 Bolden St A B, Houston, TX 77029. The source information places it minutes from major freeways and employment or activity centers including Downtown, the Medical Center, East River Development, Hobby Airport, refineries, and Daikin Park. WalkScore is 12, TransitScore is 24, and bikeScore is 30, reflecting a car-dependent setting with minimal transit and somewhat bikeable conditions.
Key Highlights
- Duplex completed in 2025
- Each unit includes 3 bedrooms and 2 full bathrooms
- Open‑concept connection between living, dining, and kitchen areas
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
$26,588
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
6.92%
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%
$531,760
$531.8K
Cap Rate 7%
$379,829
$379.8K
Cap Rate 9%
$295,422
$295.4K
Market Conditions
NOI Build-Up for 2,030 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
$40.2K $19.80/SF
− Vacancy
−$2.2K −$1.09/SF
EGI
$38.0K $18.71/SF
− OpEx
−$11.4K −$5.61/SF
NOI
$26.6K $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%
$531,760
Cap Rate 7%
$379,829
Cap Rate 9%
$295,422
Alternative Uses
Best Use
Multifamily LT 5
$379.8K
$332.4K – $443.1K
NOI $26,588 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$328.5K
$287.5K – $383.3K
NOI $22,998 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$522.0K
$456.8K – $609.0K
NOI $36,540 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
237
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 residential units offer open living areas, contemporary kitchens, and outdoor space for everyday use.
Where is this duplex located?
The property is located at 113 Bolden St A B Houston, TX.
What is the asking price?
The asking price for this property is $384,000.
What are key features of this property?
This property features: Duplex completed in 2025; Each unit includes 3 bedrooms and 2 full bathrooms; Open‑concept connection between living, dining, and kitchen areas
