Single-Story Duplex with Fenced
For Sale
$314,900
7925 Way St, Houston, TX 77028
Two three-bedroom residences feature open kitchens, private primary baths, and flexible family-room layouts.
Property Size1,737 SF
Days on Market30
Property Features for 7925 Way St
General Information
Standard status
Active
Size
1,737 SF
Property subtype
Investment
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$6,773
Amenities
fenced backyard
Building Details
Building Size
1,737 SF
Year Built
2021
Buildings
1
Stories
1
Units
1
Listing Agency:
Keller Williams Platinum
Listed By:
Matthew Parker · License #0673969
(832) 281-6589
Source:
Elliman
Added: Aug 12
Changed: Sep 8
Last Checked: Sep 9 at 3:05PM
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 Keller Williams Platinum
Investment Insights
Based on property information with market context.
Built in 2021, this single-story duplex contains two separate residences, each with 3 bedrooms, 2 full baths, and a family room connected to an open kitchen. Durable flooring, ample cabinetry, and a pantry support practical daily use, while each primary suite includes a private bath with a tub-and-shower combination. A fenced backyard adds outdoor space to the property.
The duplex is located in Parkhurst Estates in Houston, near parks, dining, schools, major roads, and essential services. Its two-home configuration and consistent floor plans provide a straightforward multifamily layout for ownership or residential income use.
The duplex is located in Parkhurst Estates in Houston, near parks, dining, schools, major roads, and essential services. Its two-home configuration and consistent floor plans provide a straightforward multifamily layout for ownership or residential income use.
Key Highlights
- 2021‑built duplex with two separate residences
- Each unit offers 3 bedrooms and 2 full baths
- Open kitchens include ample cabinetry and a pantry
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
$22,751
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
7.22%
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%
$455,020
$455.0K
Cap Rate 7%
$325,014
$325.0K
Cap Rate 9%
$252,789
$252.8K
Market Conditions
NOI Build-Up for 1,737 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
$34.4K $19.80/SF
− Vacancy
−$1.9K −$1.09/SF
EGI
$32.5K $18.71/SF
− OpEx
−$9.8K −$5.61/SF
NOI
$22.8K $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%
$455,020
Cap Rate 7%
$325,014
Cap Rate 9%
$252,789
Alternative Uses
Best Use
Multifamily LT 5
$325.0K
$284.4K – $379.2K
NOI $22,751 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$281.1K
$246.0K – $328.0K
NOI $19,679 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$446.7K
$390.8K – $521.1K
NOI $31,266 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
Explore this area
Business Placement
Demographics for 77028, TX
18,701
Population
7,102
Households
2.6
Avg Household Size
35
Median Age
8%
College-Educated
69%
High-School Grad
9.1 sq mi
ZIP Area
2,055
Density / Sq Mi
$36,244
Median Household Income
$28,099
Median Earnings
$1,115
Median Rent
$108,200
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences feature open kitchens, private primary baths, and flexible family-room layouts.
Where is this duplex located?
The property is located at 7925 Way St Houston, TX.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: 2021‑built duplex with two separate residences; Each unit offers 3 bedrooms and 2 full baths; Open kitchens include ample cabinetry and a pantry
