Heights Area Versatile Layout
For Sale
$650,000
543 Studewood St, Houston, TX 77007
Duplex with commercial possibilities near downtown Houston.
Property Size1,500 SF
Days on Market142
Property Features for 543 Studewood St
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$16,632
Building Details
Building Size
1,500 SF
Year Built
1920
Stories
2
Units
1
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES PREMIER PROPERTIES
Listed By:
Suzanne Corbin · License #0519449
(713) 376-6776
Source:
Elliman
Added: Apr 15
Changed: Aug 27
Last Checked: Sep 2 at 8:10PM
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 BERKSHIRE HATHAWAY HOMESERVICES PREMIER PROPERTIES
Investment Insights
Based on property information with market context.
Located in the Heights area, this property on Studewood near White Oak offers a versatile layout with multiple uses. Currently configured as a duplex, it presents commercial possibilities to work below and live above. The property can be easily converted to a single-family residence or entirely commercial space. It can also be maintained as an investment property and rented for extra income. The large lot includes additional parking towards the rear, and a detached garage. Each unit has a separate entrance and address for privacy. Both units feature recently remodeled kitchens and baths, with 2 bedrooms and 1 bath each. The units include wood floors, tilework, and spacious room sizes. The neighborhood has high walkability scores to restaurants, retail, and clubs. The bike score is 71, indicating it is very bikeable, the walk score is 85, indicating it is very walkable, and the transit score is 51, indicating good transit.
Key Highlights
- Prime Location in the Heights Area near Downtown and White Oak.
- Versatile Layout: Duplex with Commercial Potential, Easily Converted to Single Family or Entirely Commercial.
- Large Lot with Rare Additional Parking** and Detached Garage.
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
$19,800
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
3.05%
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%
$396,000
$396.0K
Cap Rate 7%
$282,857
$282.9K
Cap Rate 9%
$220,000
$220.0K
Market Conditions
NOI Build-Up for 1,500 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
$36.0K $24.00/SF
− Vacancy
−$4.3K −$2.88/SF
EGI
$31.7K $21.12/SF
− OpEx
−$11.9K −$7.92/SF
NOI
$19.8K $13.20/SF
Area
Houston, TX
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$396,000
Cap Rate 7%
$282,857
Cap Rate 9%
$220,000
Alternative Uses
Best Use
Mixed Use
$282.9K
$247.5K – $330.0K
NOI $19,800 @ 7.0% cap · market cap 3.05%
Second Best
Multifamily LT 5
$280.7K
$245.6K – $327.5K
NOI $19,647 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$385.7K
$337.5K – $450.0K
NOI $27,000 @ 7.0% cap · market cap 4.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,573
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
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 - Duplex with commercial possibilities near downtown Houston.
Where is this duplex located?
The property is located at 543 Studewood St Houston, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Prime Location in the Heights Area near Downtown and White Oak.; Versatile Layout: **Duplex with Commercial Potential**, Easily Converted to Single Family or Entirely Commercial.; Large Lot with Rare Additional Parking** and Detached Garage.
