Two-Story Duplex with Gated
For Sale
$487,500
1216 Johnston Street A/B, Houston, TX 77022
Newly built two-story duplex with gated entry, in-unit laundry hookups, and two full baths per unit.
Property Size2,252 SF
Price / SF$216.47
Days on Market118
Property Features for 1216 Johnston Street A/B
General Information
Standard status
Active
Size
2,252 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,769
Amenities
soaring ceilings
quartz countertops
stainless steel appliances
blinds
gated entry
Plank,Vinyl
Yes
4
Washer Hookup,Dryer Hookup
Appraiser
Ceiling Fan(s),Programmable Thermostat
Other
4300
Two
2252
Building Details
Building Size
2,252 SF
Year Built
2025
Buildings
1
Stories
2
Listing Agency:
Bay City Realty
(281) 300-1871
Listed By:
Dikla Ronen
(281) 300-1871
Source:
Garygreene
Added: Apr 29
Changed: Aug 24
Last Checked: Aug 24 at 3:19AM
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 Bay City Realty
Investment Insights
Based on property information with market context.
This newly built two-story duplex offers a practical live-or-rent setup with privacy-focused design and a gated entry. The layout provides two bedrooms and two full baths per unit, with soaring ceilings, quartz countertops, and stainless steel appliances. Vinyl and plank flooring run throughout, and each unit includes blinds. Heating and air conditioning are in place, along with a programmable thermostat and ceiling fans. Laundry is supported by washer and dryer hookups.
The property totals 2,252 SF of building area on a 4,300 SF lot. The exterior includes two parking spaces. Interior details are consistent across the units, and one unit already includes a refrigerator.
Built in 2025, this duplex is positioned for steady rental demand given its straightforward two-unit configuration, in-unit amenities, and secure entry.
The property totals 2,252 SF of building area on a 4,300 SF lot. The exterior includes two parking spaces. Interior details are consistent across the units, and one unit already includes a refrigerator.
Built in 2025, this duplex is positioned for steady rental demand given its straightforward two-unit configuration, in-unit amenities, and secure entry.
Key Highlights
- 2,252 SF two‑story duplex on a 4,300 SF lot
- Built in 2025
- Two bedrooms and two full baths per unit; 4 beds and 4 total baths
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
$29,496
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
6.05%
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%
$589,920
$589.9K
Cap Rate 7%
$421,371
$421.4K
Cap Rate 9%
$327,733
$327.7K
Market Conditions
NOI Build-Up for 2,252 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
$44.6K $19.80/SF
− Vacancy
−$2.5K −$1.09/SF
EGI
$42.1K $18.71/SF
− OpEx
−$12.6K −$5.61/SF
NOI
$29.5K $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%
$589,920
Cap Rate 7%
$421,371
Cap Rate 9%
$327,733
Alternative Uses
Best Use
Multifamily LT 5
$421.4K
$368.7K – $491.6K
NOI $29,496 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$364.5K
$318.9K – $425.2K
NOI $25,513 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$579.1K
$506.7K – $675.6K
NOI $40,536 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
968
Businesses Nearby
Explore this area
Business Placement
Demographics for 77022, TX
28,748
Population
10,717
Households
2.7
Avg Household Size
35
Median Age
13%
College-Educated
63%
High-School Grad
5.8 sq mi
ZIP Area
4,957
Density / Sq Mi
$48,386
Median Household Income
$28,877
Median Earnings
$1,047
Median Rent
$197,200
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 - Newly built two-story duplex with gated entry, in-unit laundry hookups, and two full baths per unit.
Where is this duplex located?
The property is located at 1216 Johnston Street A/B Houston, TX.
What is the asking price?
The asking price for this property is $487,500.
What are key features of this property?
This property features: 2,252 SF two‑story duplex on a 4,300 SF lot; Built in 2025; Two bedrooms and two full baths per unit; 4 beds and 4 total baths
