Two-Unit
New
For Sale
$200,000
1515 Gano Street, Houston, TX 77009
The building contains two separate residences, each with a bedroom, full bathroom, kitchen, and living area.
Property Size1,176 SF
Price / SF$170.07
Days on Market2
Property Features for 1515 Gano Street
General Information
Standard status
Active
Size
1,176 SF
Property subtype
Multi Family,Duplex
Site & Location
Neighborhood
Near Northside
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,813
Building Details
Building Size
1,176 SF
Year Built
1926
Buildings
1
Listing Agency:
Champions NextGen Real Estate
Listed By:
Carlos Nuncio
(281) 734-3105
Source:
Mpowerrealtygroup
Added: Oct 23
Last Checked: Oct 23 at 4:10PM
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 Champions NextGen Real Estate
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Investment Insights
Based on property information with market context.
Configured as a duplex, this residential property provides two units within one building. Each unit includes one bedroom, one full bathroom, a kitchen, and living space, for a combined total of two bedrooms and two bathrooms. The building measures approximately 1,176 square feet and was built in 1926.
Key Highlights
- Two residential units in one building
- Each unit has one bedroom, one full bathroom, a kitchen, and living space
- Approximately 1,176 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,403
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,060
$308.1K
Cap Rate 7%
$220,043
$220.0K
Cap Rate 9%
$171,144
$171.1K
Market Conditions
NOI Build-Up for 1,176 SF
Gross rent
$23.3K $19.80/SF
− Vacancy
−$1.3K −$1.09/SF
EGI
$22.0K $18.71/SF
− OpEx
−$6.6K −$5.61/SF
NOI
$15.4K $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 Rate 5%
$308,060
Cap Rate 7%
$220,043
Cap Rate 9%
$171,144
Alternative Uses
Best Use
Multifamily LT 5
$220.0K
$192.5K – $256.7K
NOI $15,403 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$190.3K
$166.5K – $222.1K
NOI $13,323 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$302.4K
$264.6K – $352.8K
NOI $21,168 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
942
Businesses Nearby
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Business Placement
Demographics for 77009, TX
36,425
Population
17,890
Households
2
Avg Household Size
37
Median Age
39%
College-Educated
78%
High-School Grad
6.2 sq mi
ZIP Area
5,875
Density / Sq Mi
$81,921
Median Household Income
$49,446
Median Earnings
$1,229
Median Rent
$403,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The building contains two separate residences, each with a bedroom, full bathroom, kitchen, and living area.
Where is this duplex located?
The property is located at 1515 Gano Street Houston, TX.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two residential units in one building; Each unit has one bedroom, one full bathroom, a kitchen, and living space; Approximately 1,176 square feet
