Remodeled Furnished
For Sale
$975,000
Pending
3925-3927 Childress Street, Houston, TX 77005
Two furnished two-bedroom units feature updated kitchens, bathrooms, plumbing, windows, flooring, and central air conditioning.
Property Size2,216 SF
Days on Market507
Property Features for 3925-3927 Childress Street
General Information
Standard status
Pending
Size
2,216 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$19,778
Building Details
Year Built
1952
Listing Agency:
Core Properties
Listed By:
Linh Luong · License #0687812
(832) 583-1688
Source:
Exitrealty
Added: Apr 14, 2025
Changed: Sep 2
Last Checked: Sep 2 at 3:41PM
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 Core Properties
Investment Insights
Based on property information with market context.
Located at 3925-3927 Childress Street in Houston’s West University area, this 2,216-square-foot duplex was built in 1952 and has been comprehensively updated. The property contains two 2-bedroom, 2-bathroom units, and both are furnished for immediate occupancy or rental use.
Recent improvements include new drain and water lines, a central air system, windows, sliding doors, interior and exterior doors, recessed lighting, and flooring. The kitchens and bathrooms have also been renovated with updated finishes. The duplex occupies a large lot in the West University area of Houston.
Recent improvements include new drain and water lines, a central air system, windows, sliding doors, interior and exterior doors, recessed lighting, and flooring. The kitchens and bathrooms have also been renovated with updated finishes. The duplex occupies a large lot in the West University area of Houston.
Key Highlights
- 2,216‑square‑foot duplex at 3925‑3927 Childress Street, Houston, TX 77005
- Two 2‑bedroom, 2‑bathroom units
- Both units are furnished
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
$29,025
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
2.98%
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%
$580,500
$580.5K
Cap Rate 7%
$414,643
$414.6K
Cap Rate 9%
$322,500
$322.5K
Market Conditions
NOI Build-Up for 2,216 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
$43.9K $19.80/SF
− Vacancy
−$2.4K −$1.09/SF
EGI
$41.5K $18.71/SF
− OpEx
−$12.4K −$5.61/SF
NOI
$29.0K $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%
$580,500
Cap Rate 7%
$414,643
Cap Rate 9%
$322,500
Alternative Uses
Best Use
Multifamily LT 5
$414.6K
$362.8K – $483.8K
NOI $29,025 @ 7.0% cap · market cap 2.98%
Second Best
Apartment 5plus
$358.6K
$313.8K – $418.4K
NOI $25,105 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$569.8K
$498.6K – $664.8K
NOI $39,888 @ 7.0% cap · market cap 4.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,513
Businesses Nearby
Explore this area
Business Placement
Demographics for 77005, TX
28,241
Population
10,564
Households
2.7
Avg Household Size
36
Median Age
88%
College-Educated
98%
High-School Grad
3.8 sq mi
ZIP Area
7,432
Density / Sq Mi
$215,708
Median Household Income
$100,839
Median Earnings
$2,058
Median Rent
$1,354,300
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 - Two furnished two-bedroom units feature updated kitchens, bathrooms, plumbing, windows, flooring, and central air conditioning.
Where is this duplex located?
The property is located at 3925-3927 Childress Street Houston, TX.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 2,216‑square‑foot duplex at 3925‑3927 Childress Street, Houston, TX 77005; Two 2‑bedroom, 2‑bathroom units; Both units are furnished
