Residential Income Unit with Private
For Sale
$649,900
207 Frawley Street, Houston, TX 77009
Residential income unit with a private deck, separate dining and living rooms, and in-unit washer and dryer.
Property Size2,790 SF
Price / SF$232.94
Days on Market126
Property Features for 207 Frawley Street
General Information
Standard status
Active
Size
2,790 SF
Property subtype
Income
Site & Location
Neighborhood
Near Northside
Amenities
Yes
1
Appraiser
Cleared
5000
2790
Building Details
Building Size
2,790 SF
Year Built
1940
Stories
1
Listing Agency:
Om Realty Group
(281) 444-5140
Listed By:
Crystal Graham
(281) 831-8334
Source:
Garygreene
Added: Jun 22
Changed: Oct 25
Last Checked: Oct 24 at 2:25PM
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 Om Realty Group
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Investment Insights
Based on property information with market context.
This residential income property features a thoughtfully laid-out interior with separate dining and living rooms. The kitchen is fully equipped with major appliances, including a refrigerator, dishwasher, stove, and oven, and the home also includes an in-unit washer and dryer. Flooring is all tile and hard surface with no carpet, providing a clean, easy-care feel throughout. A private deck offers outdoor space with downtown views.
Transit and walkability metrics are shown as bikeScore 64 (Bikeable), walkScore 54 (Somewhat Walkable), and transitScore 57 (Good Transit).
Located at 207 Frawley St in Houston, this offering is presented as a multifamily residential income property for sale.
Transit and walkability metrics are shown as bikeScore 64 (Bikeable), walkScore 54 (Somewhat Walkable), and transitScore 57 (Good Transit).
Located at 207 Frawley St in Houston, this offering is presented as a multifamily residential income property for sale.
Key Highlights
- Year built 1940
- Residential income unit with a private deck and downtown views
- Separate dining room and living room layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,608
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$632,160
$632.2K
Cap Rate 7%
$451,543
$451.5K
Cap Rate 9%
$351,200
$351.2K
Market Conditions
NOI Build-Up for 2,790 SF
Gross rent
$61.3K $21.96/SF
− Vacancy
−$3.8K −$1.36/SF
EGI
$57.5K $20.60/SF
− OpEx
−$25.9K −$9.27/SF
NOI
$31.6K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$632,160
Cap Rate 7%
$451,543
Cap Rate 9%
$351,200
Alternative Uses
Best Use
Apartment 5plus
$451.5K
$395.1K – $526.8K
NOI $31,608 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$717.4K
$627.8K – $837.0K
NOI $50,220 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
767
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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Frequently Asked Questions
What type of property is this?
Residential income property - Residential income unit with a private deck, separate dining and living rooms, and in-unit washer and dryer.
Where is this residential income property located?
The property is located at 207 Frawley Street Houston, TX.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Year built 1940; Residential income unit with a private deck and downtown views; Separate dining room and living room layout
