Two-Unit Duplex with Rooftop
For Sale
$715,000
792 Paul Quinn St, Houston, TX 77091
Each residence includes three bedrooms, two bathrooms, and in-unit laundry.
Property Size3,590 SF
Days on Market12
Property Features for 792 Paul Quinn St
General Information
Standard status
Active
Size
3,590 SF
Property subtype
Investment
Lease Term
Weekly
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$14,337
Amenities
in-unit laundry
rooftop terrace
Building Details
Building Size
3,590 SF
Year Built
2020
Buildings
1
Stories
2
Units
2
Listing Agency:
(713) 557-5566
Listed By:
Benjamin Dougharty · License #676178
(713) 557-5566
Source:
Elliman
Added: Aug 13
Changed: Aug 16
Last Checked: Aug 24 at 8:15AM
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 Benjamin Dougharty
Investment Insights
Based on property information with market context.
Built in 2020, this duplex at 792 Paul Quinn St. contains two residences, each arranged with three bedrooms and two bathrooms. Interior finishes include quartz countertops and Luxury Vinyl Plank flooring, while both units provide in-unit laundry. Kitchens are equipped with stainless-steel LG appliances and gas range/ovens.
The upper-level residence includes a rooftop terrace with views. The two units may also be connected to function as a single-family residence. The property is near the Heights, Garden Oaks, Oak Forest, and Downtown Houston. Walk Score is 35, Bike Score is 36, and Transit Score is 45.
The upper-level residence includes a rooftop terrace with views. The two units may also be connected to function as a single-family residence. The property is near the Heights, Garden Oaks, Oak Forest, and Downtown Houston. Walk Score is 35, Bike Score is 36, and Transit Score is 45.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- Built in 2020
- Rooftop terrace at the second‑floor residence
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
$47,021
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
6.58%
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%
$940,420
$940.4K
Cap Rate 7%
$671,729
$671.7K
Cap Rate 9%
$522,456
$522.5K
Market Conditions
NOI Build-Up for 3,590 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
$71.1K $19.80/SF
− Vacancy
−$3.9K −$1.09/SF
EGI
$67.2K $18.71/SF
− OpEx
−$20.2K −$5.61/SF
NOI
$47.0K $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%
$940,420
Cap Rate 7%
$671,729
Cap Rate 9%
$522,456
Alternative Uses
Best Use
Multifamily LT 5
$671.7K
$587.8K – $783.7K
NOI $47,021 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$581.0K
$508.4K – $677.9K
NOI $40,672 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$923.1K
$807.8K – $1.08M
NOI $64,620 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
527
Businesses Nearby
Explore this area
Business Placement
Demographics for 77091, TX
28,020
Population
12,501
Households
2.2
Avg Household Size
34
Median Age
19%
College-Educated
73%
High-School Grad
7.1 sq mi
ZIP Area
3,946
Density / Sq Mi
$35,737
Median Household Income
$28,906
Median Earnings
$1,061
Median Rent
$223,700
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 - Each residence includes three bedrooms, two bathrooms, and in-unit laundry.
Where is this duplex located?
The property is located at 792 Paul Quinn St Houston, TX.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; Built in 2020; Rooftop terrace at the second‑floor residence
