Two-Unit Duplex with Energy Star
For Sale
$399,000
1062 Saint Clair St, Houston, TX 77088
New 2024 duplex offering two income units with central gas heat, central electric cooling, and Energy Star certification.
Property Size2,142 SF
Lot Size0.07 Acres
Price / SF$186.27
Days on Market94
Property Features for 1062 Saint Clair St
General Information
Standard status
Active
Size
2,142 SF
Lot size
0.07 Acres
Property subtype
Investment
Occupancy
100%
Lease Term
12 months
Additional Details
Multifamily Units
2
Building Details
Building Size
2,142 SF
Year Built
2025
Stories
2
Units
2
Listed By:
Alec Chol · License #0660915
(832) 329-1303
Source:
Elliman
Added: Jun 14
Changed: Sep 12
Last Checked: Sep 15 at 5:48AM
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 Alec Chol
Investment Insights
Based on property information with market context.
1062 Saint Clair St is a newly constructed (2024) duplex designed as two separate residential units across two stories. The property totals 2,142 square feet and includes four bedrooms and four full bathrooms, with quartz countertops and vinyl flooring. A composition roof tops the building, and the interiors include washer and dryer hookups. Appliances listed include a dishwasher, disposal, microwave, and Energy Star qualified appliances. Heating is central gas with central electric cooling, and the property is Energy Star certified.
The duplex sits on a 3,124-square-foot cleared, wooded subdivision lot in Northwest Houston (Area 11), within Harris County. The home is served by Houston ISD, including Osborne Elementary, Williams Middle, and Washington High School. The property is currently occupied, and access is limited so tenants are not to be disturbed.
For buyers seeking a duplex with contemporary finishes and Energy Star features, this asset presents two currently leased units. Unit A is rented at $1,500 per month with a lease term ending in 2027, and Unit B is rented at $1,650 per month with a lease term ending in April 2027. Please plan showings accordingly due to tenant occupancy.
The duplex sits on a 3,124-square-foot cleared, wooded subdivision lot in Northwest Houston (Area 11), within Harris County. The home is served by Houston ISD, including Osborne Elementary, Williams Middle, and Washington High School. The property is currently occupied, and access is limited so tenants are not to be disturbed.
For buyers seeking a duplex with contemporary finishes and Energy Star features, this asset presents two currently leased units. Unit A is rented at $1,500 per month with a lease term ending in 2027, and Unit B is rented at $1,650 per month with a lease term ending in April 2027. Please plan showings accordingly due to tenant occupancy.
Key Highlights
- New 2024‑build duplex with 2 units and 2,142 SF across two stories
- 4 bedrooms and 4 full bathrooms total; quartz countertops and vinyl flooring
- Central gas heat and central electric A/C; Energy Star certified
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
$28,055
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
7.03%
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%
$561,100
$561.1K
Cap Rate 7%
$400,786
$400.8K
Cap Rate 9%
$311,722
$311.7K
Market Conditions
NOI Build-Up for 2,142 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
$42.4K $19.80/SF
− Vacancy
−$2.3K −$1.09/SF
EGI
$40.1K $18.71/SF
− OpEx
−$12.0K −$5.61/SF
NOI
$28.1K $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%
$561,100
Cap Rate 7%
$400,786
Cap Rate 9%
$311,722
Alternative Uses
Best Use
Multifamily LT 5
$400.8K
$350.7K – $467.6K
NOI $28,055 @ 7.0% cap · market cap 7.03%
Second Best
Apartment 5plus
$346.7K
$303.3K – $404.5K
NOI $24,267 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$550.8K
$482.0K – $642.6K
NOI $38,556 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
387
Businesses Nearby
Explore this area
Business Placement
Demographics for 77088, TX
54,320
Population
18,500
Households
2.9
Avg Household Size
35
Median Age
13%
College-Educated
72%
High-School Grad
11.1 sq mi
ZIP Area
4,894
Density / Sq Mi
$52,549
Median Household Income
$32,015
Median Earnings
$1,177
Median Rent
$173,900
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 - New 2024 duplex offering two income units with central gas heat, central electric cooling, and Energy Star certification.
Where is this duplex located?
The property is located at 1062 Saint Clair St Houston, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: New 2024‑build duplex with 2 units and 2,142 SF across two stories; 4 bedrooms and 4 full bathrooms total; quartz countertops and vinyl flooring; Central gas heat and central electric A/C; Energy Star certified
