Updated Two-Unit
New
For Sale
$229,900
317-319 E B St, La Porte, TX 77571
Each residence has independent electric metering, renovated kitchens, and separate heating and cooling equipment.
Property Size1,456 SF
Lot Size0.18 Acres
Days on Market4
Property Features for 317-319 E B St
General Information
Standard status
Active
Size
1,456 SF
Lot size
0.18 Acres
Property subtype
Investment
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,090
Building Details
Building Size
1,456 SF
Year Built
1932
Buildings
1
Stories
1
Listing Agency:
RED DIAMOND REALTY
Listed By:
Cyndi De Palermo · License #0325564
(281) 508-3988
Source:
Elliman
Added: Sep 11
Last Checked: Sep 14 at 7:16AM
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 RED DIAMOND REALTY
Investment Insights
Based on property information with market context.
This two-unit duplex contains a pair of separate 2-bedroom, 1-bath residences on a 7,750 sq. ft. corner lot. Seller-reported improvements completed in 2023 include electrical and plumbing updates, two Carrier HVAC systems, ductwork, thermostat controls, two water heaters, replacement windows, exterior doors, and renovated kitchens. Each unit has its own electric meter. Kitchen features include quartz and granite countertops, refreshed cabinetry, stainless appliances, and connections for stackable washers and dryers.
Built in 1932, the property is located at 317-319 E B St in La Porte, near La Porte Elementary, La Porte Junior High, La Porte High School, Five Points Park and Community Center, Sylvan Beach, major ports, and employment centers. The site also includes a spacious yard and is described as car-dependent, with a walk score of 0 and a bike score of 39.
Built in 1932, the property is located at 317-319 E B St in La Porte, near La Porte Elementary, La Porte Junior High, La Porte High School, Five Points Park and Community Center, Sylvan Beach, major ports, and employment centers. The site also includes a spacious yard and is described as car-dependent, with a walk score of 0 and a bike score of 39.
Key Highlights
- Two separate 2‑bedroom, 1‑bath units
- 7,750 sq. ft. corner lot with a spacious yard
- 2023 updates include electrical, plumbing, windows, doors, and kitchens
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
$11,126
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
4.84%
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%
$222,520
$222.5K
Cap Rate 7%
$158,943
$158.9K
Cap Rate 9%
$123,622
$123.6K
Market Conditions
NOI Build-Up for 1,456 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
$17.5K $12.00/SF
− Vacancy
−$1.6K −$1.08/SF
EGI
$15.9K $10.92/SF
− OpEx
−$4.8K −$3.27/SF
NOI
$11.1K $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%
$222,520
Cap Rate 7%
$158,943
Cap Rate 9%
$123,622
Alternative Uses
Best Use
Multifamily LT 5
$158.9K
$139.1K – $185.4K
NOI $11,126 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$137.9K
$120.7K – $160.9K
NOI $9,653 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$397.6K
$347.9K – $463.8K
NOI $27,829 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Explore this area
Business Placement
Demographics for 77571, TX
37,018
Population
14,428
Households
2.6
Avg Household Size
38
Median Age
19%
College-Educated
89%
High-School Grad
37.1 sq mi
ZIP Area
998
Density / Sq Mi
$83,795
Median Household Income
$50,441
Median Earnings
$1,328
Median Rent
$220,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has independent electric metering, renovated kitchens, and separate heating and cooling equipment.
Where is this duplex located?
The property is located at 317-319 E B St La Porte, TX.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Two separate 2‑bedroom, 1‑bath units; 7,750 sq. ft. corner lot with a spacious yard; 2023 updates include electrical, plumbing, windows, doors, and kitchens
