Modern Duplex with Upscale
New
For Sale
$630,000
1510 Tralle St, Houston, TX 77020
Contemporary duplex featuring an open layout, quartz island kitchen, and spa-style primary bathroom.
Property Size3,066 SF
Days on Market2
Property Features for 1510 Tralle St
General Information
Standard status
Active
Size
3,066 SF
Property subtype
Investment
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,125
Building Details
Building Size
3,066 SF
Year Built
2026
Stories
1
Units
1
Construction
modern
Listing Agency:
(832) 605-6400
Listed By:
Tasha Royal
Source:
Elliman
Added: Aug 5
Changed: Aug 6
Last Checked: Aug 6 at 5:59AM
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 Tasha Royal
Investment Insights
Based on property information with market context.
Built in 2026, this contemporary duplex combines a three-bedroom layout with elevated interior finishes and an open arrangement designed for everyday living. Porcelain flooring, high ceilings, and a kitchen with soft-close cabinetry, stainless steel appliances, a pot filler, and a large quartz island define the main living areas. The primary suite includes a freestanding soaking tub, oversized walk-in shower, dual vanities, and a walk-in closet, while the secondary bedrooms offer flexible space for guests or work use.
The property is located at 1510 Tralle St in Houston, with access to I-10 East and Hwy 59. Walk Score is 37, Bike Score is 49, and Transit Score is 42.
The property is located at 1510 Tralle St in Houston, with access to I-10 East and Hwy 59. Walk Score is 37, Bike Score is 49, and Transit Score is 42.
Key Highlights
- Three‑bedroom duplex built in 2026
- Open‑concept interior with porcelain flooring and soaring ceilings
- Kitchen includes soft‑close cabinetry, stainless steel appliances, pot filler, and quartz island
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
$40,158
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
6.37%
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%
$803,160
$803.2K
Cap Rate 7%
$573,686
$573.7K
Cap Rate 9%
$446,200
$446.2K
Market Conditions
NOI Build-Up for 3,066 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
$60.7K $19.80/SF
− Vacancy
−$3.3K −$1.09/SF
EGI
$57.4K $18.71/SF
− OpEx
−$17.2K −$5.61/SF
NOI
$40.2K $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%
$803,160
Cap Rate 7%
$573,686
Cap Rate 9%
$446,200
Alternative Uses
Best Use
Multifamily LT 5
$573.7K
$502.0K – $669.3K
NOI $40,158 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$496.2K
$434.2K – $578.9K
NOI $34,735 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$788.4K
$689.9K – $919.8K
NOI $55,188 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
609
Businesses Nearby
Explore this area
Business Placement
Demographics for 77020, TX
24,846
Population
10,054
Households
2.5
Avg Household Size
35
Median Age
13%
College-Educated
65%
High-School Grad
7.8 sq mi
ZIP Area
3,185
Density / Sq Mi
$49,481
Median Household Income
$32,573
Median Earnings
$942
Median Rent
$133,600
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 - Contemporary duplex featuring an open layout, quartz island kitchen, and spa-style primary bathroom.
Where is this duplex located?
The property is located at 1510 Tralle St Houston, TX.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Three‑bedroom duplex built in 2026; Open‑concept interior with porcelain flooring and soaring ceilings; Kitchen includes soft‑close cabinetry, stainless steel appliances, pot filler, and quartz island
