Fenced Corner-Lot
For Sale
$280,000
1141 Frankie St, Houston, TX 77015
Two-bedroom residences with full kitchens, tiled bathrooms, double-pane windows, and unfinished flex areas.
Property Size1,628 SF
Price / SF$171.99
Days on Market50
Property Features for 1141 Frankie St
General Information
Standard status
Active
Size
1,628 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,927
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Niedra Vela
(832) 576-0499
Source:
Exprealty
Added: Sep 18
Changed: Oct 26
Last Checked: Nov 4 at 4:25PM
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
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Investment Insights
Based on property information with market context.
Built in 2022, this duplex contains two residences, each with 2 bedrooms and 1 full bathroom. Both units include full kitchens, double-pane windows, and a combination of carpet and tile flooring. The bathrooms feature tile walk-in showers, while unfinished additions provide extra interior space for future configuration as a bedroom, office, game room, or other flex area.
The property occupies a large corner lot with full fencing and no HOA. Its Houston location offers access to major freeways, with shopping and dining nearby. Walk Score is 34, Bike Score is 44, and Transit Score is 25, reflecting a car-dependent setting with some transit access.
The property occupies a large corner lot with full fencing and no HOA. Its Houston location offers access to major freeways, with shopping and dining nearby. Walk Score is 34, Bike Score is 44, and Transit Score is 25, reflecting a car-dependent setting with some transit access.
Key Highlights
- Two‑unit duplex built in 2022
- Each unit has 2 bedrooms and 1 full bathroom
- Large corner lot with full fencing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,323
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,460
$426.5K
Cap Rate 7%
$304,614
$304.6K
Cap Rate 9%
$236,922
$236.9K
Market Conditions
NOI Build-Up for 1,628 SF
Gross rent
$32.2K $19.80/SF
− Vacancy
−$1.8K −$1.09/SF
EGI
$30.5K $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%
$426,460
Cap Rate 7%
$304,614
Cap Rate 9%
$236,922
Alternative Uses
Best Use
Multifamily LT 5
$304.6K
$266.5K – $355.4K
NOI $21,323 @ 7.0% cap · market cap 7.62%
Second Best
Apartment 5plus
$263.5K
$230.6K – $307.4K
NOI $18,444 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$418.6K
$366.3K – $488.4K
NOI $29,304 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
767
Businesses Nearby
Explore this area
Business Placement
Demographics for 77015, TX
57,106
Population
19,961
Households
2.9
Avg Household Size
31
Median Age
11%
College-Educated
70%
High-School Grad
20.7 sq mi
ZIP Area
2,759
Density / Sq Mi
$57,324
Median Household Income
$34,477
Median Earnings
$1,169
Median Rent
$164,700
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
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom residences with full kitchens, tiled bathrooms, double-pane windows, and unfinished flex areas.
Where is this duplex located?
The property is located at 1141 Frankie St Houston, TX.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2022; Each unit has 2 bedrooms and 1 full bathroom; Large corner lot with full fencing
