Three-Story Duplex
For Sale
$599,990
253-255 De Boll Street, Houston, TX 77022
Contemporary duplex design with a gated setting, private backyard, designer kitchen, and upgraded primary suite features.
Property Size3,232 SF
Days on Market62
Property Features for 253-255 De Boll Street
General Information
Standard status
Active
Size
3,232 SF
Property subtype
Multi Family,Duplex
Additional Details
Highway Access
Yes
Amenities
gated community
big backyard
designer finished kitchen
luxury flooring
timeless accent walls
large frameless shower
walk in closet
smart home lock
LED Mirrors
Building Details
Building Size
3,232 SF
Year Built
2026
Stories
3
Listing Agency:
New Age
(713) 373-7401
Listed By:
Ashwin Kewalramani · License #0700464
(713) 373-7401
Source:
Nancyalmodovar
Added: Jun 24
Changed: Aug 24
Last Checked: Aug 24 at 2:37PM
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 New Age
Investment Insights
Based on property information with market context.
This duplex residence is planned as part of Bauman Point, a gated 24-home community in Houston’s Northline neighborhood. The three-story design combines modern detailing with farmhouse-inspired elements and is scheduled for completion in 2026. The plan emphasizes natural light and includes a spacious backyard suited to outdoor use.
The second level brings together the living and dining areas with a designer-finished kitchen. The primary suite includes builder upgrades such as luxury flooring, accent walls, a frameless shower, LED mirrors, and a walk-in closet designed for organized storage. A smart-home lock is also included. The property offers access to Houston’s major freeways.
The second level brings together the living and dining areas with a designer-finished kitchen. The primary suite includes builder upgrades such as luxury flooring, accent walls, a frameless shower, LED mirrors, and a walk-in closet designed for organized storage. A smart-home lock is also included. The property offers access to Houston’s major freeways.
Key Highlights
- Part of Bauman Point, a gated 24‑home community
- Three‑story duplex design scheduled for completion in 2026
- Northline neighborhood location with access to Houston’s major freeways
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
$42,332
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
7.06%
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%
$846,640
$846.6K
Cap Rate 7%
$604,743
$604.7K
Cap Rate 9%
$470,356
$470.4K
Market Conditions
NOI Build-Up for 3,232 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
$64.0K $19.80/SF
− Vacancy
−$3.5K −$1.09/SF
EGI
$60.5K $18.71/SF
− OpEx
−$18.1K −$5.61/SF
NOI
$42.3K $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%
$846,640
Cap Rate 7%
$604,743
Cap Rate 9%
$470,356
Alternative Uses
Best Use
Multifamily LT 5
$604.7K
$529.2K – $705.5K
NOI $42,332 @ 7.0% cap · market cap 7.06%
Second Best
Apartment 5plus
$523.1K
$457.7K – $610.3K
NOI $36,616 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$831.1K
$727.2K – $969.6K
NOI $58,176 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
620
Businesses Nearby
Explore this area
Business Placement
Demographics for 77022, TX
28,748
Population
10,717
Households
2.7
Avg Household Size
35
Median Age
13%
College-Educated
63%
High-School Grad
5.8 sq mi
ZIP Area
4,957
Density / Sq Mi
$48,386
Median Household Income
$28,877
Median Earnings
$1,047
Median Rent
$197,200
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 - Contemporary duplex design with a gated setting, private backyard, designer kitchen, and upgraded primary suite features.
Where is this duplex located?
The property is located at 253-255 De Boll Street Houston, TX.
What is the asking price?
The asking price for this property is $599,990.
What are key features of this property?
This property features: Part of Bauman Point, a gated 24‑home community; Three‑story duplex design scheduled for completion in 2026; Northline neighborhood location with access to Houston’s major freeways
