Renovated Duplex with Wood
For Sale
$449,000
206 Frawley Street, Houston, TX 77009
Two tenant-occupied residences feature updated interiors, included appliances, outdoor space, and on-site parking.
Property Size1,650 SF
Price / SF$272.12
Days on Market127
Property Features for 206 Frawley Street
General Information
Standard status
Active
Size
1,650 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Neighborhood
Near Northside
Highway Access
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
Yes
1
2
Owner
Cleared
No
Public
5450
0.1251
Appraiser
Other
1650
Building Details
Building Size
1,650 SF
Year Built
1949
Stories
1
Tenancy
Multi
Listing Agency:
NB Elite Realty
(713) 961-1722
Listed By:
Juli Mahaney
(832) 656-3394
Source:
Garygreene
Added: Jun 22
Changed: Oct 25
Last Checked: Oct 24 at 2:16PM
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 NB Elite Realty
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Investment Insights
Based on property information with market context.
This renovated duplex contains two separate residences: a two-bedroom, one-bath home and a one-bedroom, one-bath apartment on the second story. Wood flooring and tile are used throughout in place of carpet. The property includes a refrigerator, washer, dryer, stove, oven, and dishwasher, along with a large dining area and kitchen. Both units are occupied by tenants.
Built in 1949, the property contains 1,650 square feet on a 5,450-square-foot lot, or 0.1251 acres. Exterior features include a cleared site, a sizable yard, and space for parking. The Houston property is located near Midtown and downtown, with access to I-45 and I-10.
Built in 1949, the property contains 1,650 square feet on a 5,450-square-foot lot, or 0.1251 acres. Exterior features include a cleared site, a sizable yard, and space for parking. The Houston property is located near Midtown and downtown, with access to I-45 and I-10.
Key Highlights
- Two residences: 2‑bedroom, 1‑bath home plus 1‑bedroom, 1‑bath second‑story apartment
- Both units are occupied by tenants
- 1,650 square feet on a 5,450‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,611
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,220
$432.2K
Cap Rate 7%
$308,729
$308.7K
Cap Rate 9%
$240,122
$240.1K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$32.7K $19.80/SF
− Vacancy
−$1.8K −$1.09/SF
EGI
$30.9K $18.71/SF
− OpEx
−$9.3K −$5.61/SF
NOI
$21.6K $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%
$432,220
Cap Rate 7%
$308,729
Cap Rate 9%
$240,122
Alternative Uses
Best Use
Multifamily LT 5
$308.7K
$270.1K – $360.2K
NOI $21,611 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$267.0K
$233.7K – $311.6K
NOI $18,693 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$424.3K
$371.3K – $495.0K
NOI $29,700 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
767
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two tenant-occupied residences feature updated interiors, included appliances, outdoor space, and on-site parking.
Where is this duplex located?
The property is located at 206 Frawley Street Houston, TX.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two residences: 2‑bedroom, 1‑bath home plus 1‑bedroom, 1‑bath second‑story apartment; Both units are occupied by tenants; 1,650 square feet on a 5,450‑square‑foot lot
