Houston Duplex Near
For Sale
$699,000
Pending
3328 Stassen St AB, Houston, TX 77051
Duplex near Downtown Houston, convenient access to highways and amenities.
Property Size3,211 SF
Days on Market276
Property Features for 3328 Stassen St AB
General Information
Standard status
Pending
Size
3,211 SF
Property subtype
Investment
Building Details
Building Size
3,211 SF
Year Built
2023
Stories
3
Listing Agency:
(713) 629-1900
Listed By:
Nonmls
(713) 629-1900
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 27
Last Checked: Aug 29 at 9:53AM
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 Nonmls
Investment Insights
Based on property information with market context.
Located at 3328 Stassen St, this duplex offers a blend of comfort and convenience. Situated minutes from Downtown Houston and major shopping destinations, the property provides access to dining, entertainment, and business hubs. The location offers access to Highway 288 and 610, facilitating commuting and travel. Suited for families or roommates, the duplex is near schools, parks, and recreational areas.
Key Highlights
- Conveniently located minutes from Downtown Houston, major shopping, dining, entertainment, and business hubs.
- Easy access to Highway 288 and 610 for commuting and travel.
- Ideal location near excellent schools, parks, and recreational areas.
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
$42,057
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
6.02%
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%
$841,140
$841.1K
Cap Rate 7%
$600,814
$600.8K
Cap Rate 9%
$467,300
$467.3K
Market Conditions
NOI Build-Up for 3,211 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
$63.6K $19.80/SF
− Vacancy
−$3.5K −$1.09/SF
EGI
$60.1K $18.71/SF
− OpEx
−$18.0K −$5.61/SF
NOI
$42.1K $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%
$841,140
Cap Rate 7%
$600,814
Cap Rate 9%
$467,300
Alternative Uses
Best Use
Multifamily LT 5
$600.8K
$525.7K – $701.0K
NOI $42,057 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$519.7K
$454.7K – $606.3K
NOI $36,378 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$825.7K
$722.5K – $963.3K
NOI $57,798 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
Explore this area
Business Placement
Demographics for 77051, TX
18,323
Population
7,453
Households
2.5
Avg Household Size
34
Median Age
15%
College-Educated
78%
High-School Grad
7.4 sq mi
ZIP Area
2,476
Density / Sq Mi
$40,030
Median Household Income
$31,914
Median Earnings
$1,332
Median Rent
$171,900
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 - Duplex near Downtown Houston, convenient access to highways and amenities.
Where is this duplex located?
The property is located at 3328 Stassen St AB Houston, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Conveniently located minutes from Downtown Houston, major shopping, dining, entertainment, and business hubs.; Easy access to Highway 288 and 610 for commuting and travel.; Ideal location near excellent schools, parks, and recreational areas.
