Three-Bedroom
For Sale
$459,000
7417 Charlie Street A/B, Houston, TX 77088
Newer 3-bedroom, 2-bath duplex designed with open-concept living and pre-wired smart security upgrades.
Property Size2,722 SF
Price / SF$168.63
Days on Market38
Property Features for 7417 Charlie Street A/B
General Information
Standard status
Active
Size
2,722 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,298
Amenities
pre-wired for alarm system and video-enabled doorbell
backyard
Yes
2
3
Builder
5714
Other
2722
Building Details
Building Size
2,722 SF
Year Built
2026
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Walzel Properties - Corporate Office
(713) 410-3935
Listed By:
Tricia Burda & Kim Burda
(713) 410-3935
Source:
Garygreene
Added: Jul 26
Changed: Aug 31
Last Checked: Aug 31 at 12:45PM
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 Walzel Properties - Corporate Office
Investment Insights
Based on property information with market context.
This three-bedroom, two-bath duplex (one unit on each side) was built in 2026 and is designed for modern, comfortable living. Each unit features an oversized open-concept living area that connects space for relaxing and entertaining. The contemporary kitchen includes sleek European-style designer cabinetry.
The home is pre-wired for an alarm system and is set up for a video-enabled doorbell, supporting future smart security additions. Outside, both units offer a backyard with room for entertaining, pets, or future outdoor enhancements.
Located in Houston’s Acres Homes community, the property is positioned near major highways and is described as convenient to shopping, dining, parks, and Downtown Houston. WalkScore is 14 (car-dependent), bikeScore is 33 (somewhat bikeable), and transitScore is 32 (some transit).
The home is pre-wired for an alarm system and is set up for a video-enabled doorbell, supporting future smart security additions. Outside, both units offer a backyard with room for entertaining, pets, or future outdoor enhancements.
Located in Houston’s Acres Homes community, the property is positioned near major highways and is described as convenient to shopping, dining, parks, and Downtown Houston. WalkScore is 14 (car-dependent), bikeScore is 33 (somewhat bikeable), and transitScore is 32 (some transit).
Key Highlights
- Built in 2026
- Three‑bedroom, two‑bath duplex with oversized open‑concept living area in each unit
- Kitchen with European‑style designer cabinetry
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
$35,652
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
7.77%
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%
$713,040
$713.0K
Cap Rate 7%
$509,314
$509.3K
Cap Rate 9%
$396,133
$396.1K
Market Conditions
NOI Build-Up for 2,722 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
$53.9K $19.80/SF
− Vacancy
−$3.0K −$1.09/SF
EGI
$50.9K $18.71/SF
− OpEx
−$15.3K −$5.61/SF
NOI
$35.7K $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%
$713,040
Cap Rate 7%
$509,314
Cap Rate 9%
$396,133
Alternative Uses
Best Use
Multifamily LT 5
$509.3K
$445.7K – $594.2K
NOI $35,652 @ 7.0% cap · market cap 7.77%
Second Best
Apartment 5plus
$440.5K
$385.5K – $514.0K
NOI $30,838 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$699.9K
$612.5K – $816.6K
NOI $48,996 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
255
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
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 - Newer 3-bedroom, 2-bath duplex designed with open-concept living and pre-wired smart security upgrades.
Where is this duplex located?
The property is located at 7417 Charlie Street A/B Houston, TX.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Built in 2026; Three‑bedroom, two‑bath duplex with oversized open‑concept living area in each unit; Kitchen with European‑style designer cabinetry
