Fully Leased Duplex with Separate
For Sale
$200,000
1904 11th Street, Galena Park, TX 77547
Fully occupied 1-bed, 1-bath duplex with individually metered water and electric utilities.
Property Size1,188 SF
Days on Market80
Property Features for 1904 11th Street
General Information
Standard status
Active
Size
1,188 SF
Property subtype
Multi Family,Duplex
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,503
Building Details
Building Size
1,188 SF
Year Built
1960
Listing Agency:
Walzel Properties - Corporate Office
(713) 581-0551
Listed By:
Adaora Onyia · License #0827343
(713) 581-0551
Source:
Greenwoodking
Added: Jun 6
Changed: Aug 23
Last Checked: Aug 24 at 12:54PM
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 fully occupied duplex features two separate 1-bedroom, 1-bath units. Each unit has its own individually metered water and electric service, and tenants are responsible for all utilities. The property is being offered with the existing tenants in place, and access for showings is restricted—please do not disturb the tenants.
The listing is for 1904 11th St in Galena Park, TX 77547. Public remarks indicate a somewhat car-dependent area with minimal transit, based on WalkScore and TransitScore provided in the listing information.
Interested buyers should be prepared to provide proof of funds with an offer, as stated in the public remarks.
The listing is for 1904 11th St in Galena Park, TX 77547. Public remarks indicate a somewhat car-dependent area with minimal transit, based on WalkScore and TransitScore provided in the listing information.
Interested buyers should be prepared to provide proof of funds with an offer, as stated in the public remarks.
Key Highlights
- Fully occupied duplex with two 1‑bedroom, 1‑bath units
- Water and electric are individually metered for each unit
- Tenants are responsible for all utilities
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
$9,078
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
4.54%
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%
$181,560
$181.6K
Cap Rate 7%
$129,686
$129.7K
Cap Rate 9%
$100,867
$100.9K
Market Conditions
NOI Build-Up for 1,188 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
$14.3K $12.00/SF
− Vacancy
−$1.3K −$1.08/SF
EGI
$13.0K $10.92/SF
− OpEx
−$3.9K −$3.27/SF
NOI
$9.1K $7.64/SF
Area
Harris County, TX
Vacancy
9.03%
Lease Rate
$12.00 /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%
$181,560
Cap Rate 7%
$129,686
Cap Rate 9%
$100,867
Alternative Uses
Best Use
Multifamily LT 5
$129.7K
$113.5K – $151.3K
NOI $9,078 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$112.5K
$98.5K – $131.3K
NOI $7,876 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$324.4K
$283.8K – $378.5K
NOI $22,707 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
Explore this area
Business Placement
Demographics for 77547, TX
9,627
Population
2,928
Households
3.3
Avg Household Size
31
Median Age
9%
College-Educated
68%
High-School Grad
3.9 sq mi
ZIP Area
2,468
Density / Sq Mi
$53,854
Median Household Income
$30,171
Median Earnings
$1,099
Median Rent
$109,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied 1-bed, 1-bath duplex with individually metered water and electric utilities.
Where is this duplex located?
The property is located at 1904 11th Street Galena Park, 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: Fully occupied duplex with two 1‑bedroom, 1‑bath units; Water and electric are individually metered for each unit; Tenants are responsible for all utilities
