Single-Story Duplex With Covered
New
For Sale
$179,900
13811 Ashentree Way, Houston, TX 77083
Updated residential income property with tile flooring, a covered carport, and convenient access to major retail and roadways.
Property Size1,335 SF
Price / SF$134.76
Days on Market2
Property Features for 13811 Ashentree Way
General Information
Standard status
Active
Size
1,335 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
Covered Patio
Covered Carport
Back Yard
Building Details
Year Built
1983
Buildings
1
Stories
1
Listing Agency:
The Nguyens & Associates
Listed By:
Hung Nguyen · License #0544139
(832) 908-8008
Source:
Poprealty
Added: Sep 21
Last Checked: Sep 21 at 5:11AM
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 The Nguyens & Associates
Investment Insights
Based on property information with market context.
This single-story duplex offers 1,335 square feet with three bedrooms and two bathrooms. The interior features tile flooring throughout, while the property includes a covered patio, covered carport, and an extended driveway. A new roof and large backyard add practical outdoor and maintenance features.
The property is located at 13811 Ashentree Way in Houston, with Asian supermarkets and Kroger nearby. Access to West Park Tollway and HW 6 supports convenient travel across the southwest area. The property was built in 1983 and did not flood during Harvey.
The property is located at 13811 Ashentree Way in Houston, with Asian supermarkets and Kroger nearby. Access to West Park Tollway and HW 6 supports convenient travel across the southwest area. The property was built in 1983 and did not flood during Harvey.
Key Highlights
- 1,335‑square‑foot single‑story duplex
- Three bedrooms and two bathrooms
- Tile flooring throughout the house
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
$14,155
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
7.87%
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%
$283,100
$283.1K
Cap Rate 7%
$202,214
$202.2K
Cap Rate 9%
$157,278
$157.3K
Market Conditions
NOI Build-Up for 1,335 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
$21.6K $16.20/SF
− Vacancy
−$1.4K −$1.05/SF
EGI
$20.2K $15.15/SF
− OpEx
−$6.1K −$4.54/SF
NOI
$14.2K $10.60/SF
Area
ZIP 77083
Vacancy
6.50%
Lease Rate
$16.20 /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%
$283,100
Cap Rate 7%
$202,214
Cap Rate 9%
$157,278
Alternative Uses
Best Use
Multifamily LT 5
$202.2K
$176.9K – $235.9K
NOI $14,155 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$178.7K
$156.4K – $208.5K
NOI $12,510 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$343.3K
$300.4K – $400.5K
NOI $24,030 @ 7.0% cap · market cap 13.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
Explore this area
Business Placement
Demographics for 77083, TX
73,763
Population
23,872
Households
3.1
Avg Household Size
37
Median Age
25%
College-Educated
79%
High-School Grad
10.4 sq mi
ZIP Area
7,093
Density / Sq Mi
$65,349
Median Household Income
$31,352
Median Earnings
$1,375
Median Rent
$223,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated residential income property with tile flooring, a covered carport, and convenient access to major retail and roadways.
Where is this duplex located?
The property is located at 13811 Ashentree Way Houston, TX.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: 1,335‑square‑foot single‑story duplex; Three bedrooms and two bathrooms; Tile flooring throughout the house
