Two-Unit Duplex with Quartz
For Sale
$499,000
14134 Packard Street A and B, Houston, TX 77040
Mirrored layouts pair open living areas with quartz kitchens, flexible office nooks, and private patios.
Property Size2,980 SF
Price / SF$167.45
Days on Market99
Property Features for 14134 Packard Street A and B
General Information
Standard status
Active
Size
2,980 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Amenities
Concrete,Tile
Living Room,Office,Utility Room
2
Yes
6
Low-Emissivity Windows
Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup
Appraiser
Breakfast Bar,Kitchen/Family Room Combo,Pantry,Quartz Counters,Tub Shower,Programmable Thermostat
Back Yard
Subdivision
No
Public
7500
0.172
Deck,Fence,Porch,Patio,Private Yard
Slab
2980
Building Details
Building Size
2,980 SF
Year Built
2014
Buildings
1
Stories
2
Listing Agency:
Way Maker Realty, LLC
(713) 501-2077
Listed By:
Sarah McClellan
(713) 501-2077
Source:
Garygreene
Added: May 6
Changed: Aug 11
Last Checked: Aug 12 at 4:00AM
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 Way Maker Realty, LLC
Investment Insights
Based on property information with market context.
Built in 2014, this two-unit duplex includes 2,980 square feet across two matching residences measuring 1,490 square feet each. Both units feature an open living and dining arrangement, contemporary kitchens with quartz counters, white cabinetry, gas cooking, breakfast bars, pantries, and first-floor half baths. Each residence also includes a study or office nook and in-home laundry connections.
Upstairs, every unit provides three bedrooms and two full baths. Polished porcelain tile covers the first floors, with tile continuing across the stairs and second levels; no carpet is present. The bathrooms coordinate quartz surfaces with white cabinetry, while fresh paint and touch-ups have been completed. Exterior improvements include a concrete driveway, fenced backyard areas, and spacious partially covered concrete patios with tile-look finishes. The property is located at 14134 Packard Street A and B in Houston, Texas.
Upstairs, every unit provides three bedrooms and two full baths. Polished porcelain tile covers the first floors, with tile continuing across the stairs and second levels; no carpet is present. The bathrooms coordinate quartz surfaces with white cabinetry, while fresh paint and touch-ups have been completed. Exterior improvements include a concrete driveway, fenced backyard areas, and spacious partially covered concrete patios with tile-look finishes. The property is located at 14134 Packard Street A and B in Houston, Texas.
Key Highlights
- Two matching units totaling 2,980 SqFt; each unit measures 1,490 SqFt
- Built in 2014 and sold as one
- Each unit includes 3 bedrooms, 2 full baths, and a first‑floor half bath
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
$39,031
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
7.82%
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%
$780,620
$780.6K
Cap Rate 7%
$557,586
$557.6K
Cap Rate 9%
$433,678
$433.7K
Market Conditions
NOI Build-Up for 2,980 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
$59.0K $19.80/SF
− Vacancy
−$3.2K −$1.09/SF
EGI
$55.8K $18.71/SF
− OpEx
−$16.7K −$5.61/SF
NOI
$39.0K $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%
$780,620
Cap Rate 7%
$557,586
Cap Rate 9%
$433,678
Alternative Uses
Best Use
Multifamily LT 5
$557.6K
$487.9K – $650.5K
NOI $39,031 @ 7.0% cap · market cap 7.82%
Second Best
Apartment 5plus
$482.3K
$422.0K – $562.7K
NOI $33,761 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$766.3K
$670.5K – $894.0K
NOI $53,640 @ 7.0% cap · market cap 10.75%
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
837
Businesses Nearby
Explore this area
Business Placement
Demographics for 77040, TX
49,524
Population
19,197
Households
2.6
Avg Household Size
35
Median Age
28%
College-Educated
79%
High-School Grad
13.8 sq mi
ZIP Area
3,589
Density / Sq Mi
$67,254
Median Household Income
$37,004
Median Earnings
$1,343
Median Rent
$224,200
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 - Mirrored layouts pair open living areas with quartz kitchens, flexible office nooks, and private patios.
Where is this duplex located?
The property is located at 14134 Packard Street A and B Houston, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two matching units totaling 2,980 SqFt; each unit measures 1,490 SqFt; Built in 2014 and sold as one; Each unit includes 3 bedrooms, 2 full baths, and a first‑floor half bath
