Two-Story Duplex
For Sale
$205,000
2704 Quitman Street, Houston, TX 77026
Updated interiors, attached garage, and convenient access to Houston destinations support practical residential use.
Property Size1,260 SF
Price / SF$162.70
Days on Market11
Property Features for 2704 Quitman Street
General Information
Standard status
Active
Size
1,260 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,227
Amenities
no carpet throughout
new ceiling fans
stainless steel appliances
breakfast bar
refrigerator
washer
dryer
Laminate,Tile
Kitchen,Living Room,Half Bath
1
Yes
3
Window Coverings
Washer Hookup,Electric Dryer Hookup
Appraiser
Breakfast Bar,Granite Counters,Kitchen/Family Room Combo,Bath in Primary Bedroom,Tub Shower,Window Treatments,Ceiling Fan(s),Kitchen/Dining Combo,Programmable Thermostat
Partial
Subdivision
No
Public
2200
0.0505
Attached,Garage,Garage Door Opener
Concrete
Fence
Slab
1260
Building Details
Building Size
1,260 SF
Year Built
2000
Buildings
1
Stories
2
Listing Agency:
HomeSmart
(713) 240-2044
Listed By:
Jeff Cox
(713) 240-2044
Source:
Garygreene
Added: Aug 14
Changed: Aug 24
Last Checked: Aug 24 at 3:18AM
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 HomeSmart
Investment Insights
Based on property information with market context.
This two-story duplex property contains 1,260 square feet with three bedrooms and 2.5 bathrooms. The interior has no carpet and includes laminate and tile flooring, ceiling fans, window treatments, and a programmable thermostat. The kitchen is equipped with stainless steel appliances, granite counters, and a breakfast bar connecting it with the living area. A refrigerator, washer, and dryer are included, along with washer and electric dryer hookups.
Built in 2000, the property also features an attached garage with a garage door opener, concrete exterior elements, a fenced yard, and slab construction. The 2704 Quitman Street address provides access to major highways, downtown Houston, the medical center, shopping, dining, and a nearby Metro bus stop.
Built in 2000, the property also features an attached garage with a garage door opener, concrete exterior elements, a fenced yard, and slab construction. The 2704 Quitman Street address provides access to major highways, downtown Houston, the medical center, shopping, dining, and a nearby Metro bus stop.
Key Highlights
- 1,260‑square‑foot two‑story duplex property
- Three bedrooms and 2.5 bathrooms
- Stainless steel kitchen appliances, granite counters, and breakfast bar
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
$16,503
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
8.05%
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%
$330,060
$330.1K
Cap Rate 7%
$235,757
$235.8K
Cap Rate 9%
$183,367
$183.4K
Market Conditions
NOI Build-Up for 1,260 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
$24.9K $19.80/SF
− Vacancy
−$1.4K −$1.09/SF
EGI
$23.6K $18.71/SF
− OpEx
−$7.1K −$5.61/SF
NOI
$16.5K $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%
$330,060
Cap Rate 7%
$235,757
Cap Rate 9%
$183,367
Alternative Uses
Best Use
Multifamily LT 5
$235.8K
$206.3K – $275.1K
NOI $16,503 @ 7.0% cap · market cap 8.05%
Second Best
Apartment 5plus
$203.9K
$178.4K – $237.9K
NOI $14,275 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$324.0K
$283.5K – $378.0K
NOI $22,680 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
519
Businesses Nearby
Explore this area
Business Placement
Demographics for 77026, TX
23,405
Population
9,580
Households
2.4
Avg Household Size
36
Median Age
9%
College-Educated
70%
High-School Grad
6.6 sq mi
ZIP Area
3,546
Density / Sq Mi
$34,835
Median Household Income
$29,339
Median Earnings
$962
Median Rent
$104,800
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 - Updated interiors, attached garage, and convenient access to Houston destinations support practical residential use.
Where is this duplex located?
The property is located at 2704 Quitman Street Houston, TX.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: 1,260‑square‑foot two‑story duplex property; Three bedrooms and 2.5 bathrooms; Stainless steel kitchen appliances, granite counters, and breakfast bar
