Three-Bedroom Duplex
For Sale
$499,900
Pending
3549 Amos Street A and B, Houston, TX 77021
Both residences offer open layouts, contemporary kitchens, upgraded bathrooms, and modern laundry appliances.
Property Size2,522 SF
Lot Size0.18 Acres
Days on Market73
Property Features for 3549 Amos Street A and B
General Information
Standard status
Pending
Size
2,522 SF
Lot size
0.18 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,414
Amenities
Plank,Vinyl
Yes
4
6
Low-Emissivity Windows
kevin@daltonwade.com
Appraiser
Ceiling Fan(s)
7775
Two
Carport
2522
Building Details
Building Size
2,522 SF
Year Built
2023
Buildings
1
Stories
1
Listing Agency:
Real Broker, LLC
(713) 961-1722
Listed By:
Julie Mastroianni
(713) 829-4966
Source:
Garygreene
Added: Jun 22
Changed: Sep 2
Last Checked: Sep 1 at 3:36PM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
Completed in 2023, this duplex contains two residences totaling 2,522 SF on a 7,775 SF double lot. Each unit provides three bedrooms and two full bathrooms, with an open-concept arrangement, oversized windows, 10-foot ceilings, and 8-foot doors. Interior finishes include white oak vinyl plank flooring, low-emissivity windows, glass shower doors, and ceiling fans.
The kitchens are equipped with large islands featuring built-in sinks, stainless steel appliances, and 42-inch cabinetry. Primary suites include walk-in closets and en suite bathrooms with spa-style finishes. French-door refrigerators and front-load LG washer and dryer sets are included. The property also has a carport and a large backyard. Unit B is currently tenant-occupied. The address is near Downtown Houston, the Texas Medical Center, NRG Stadium, the Museum District, George R. Brown, UH, and TSU.
The kitchens are equipped with large islands featuring built-in sinks, stainless steel appliances, and 42-inch cabinetry. Primary suites include walk-in closets and en suite bathrooms with spa-style finishes. French-door refrigerators and front-load LG washer and dryer sets are included. The property also has a carport and a large backyard. Unit B is currently tenant-occupied. The address is near Downtown Houston, the Texas Medical Center, NRG Stadium, the Museum District, George R. Brown, UH, and TSU.
Key Highlights
- Two 3‑bedroom, 2‑bathroom units totaling 2,522 SF
- Built in 2023 on a 7,775 SF double lot
- 10‑foot ceilings and 8‑foot doors throughout each unit
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
$33,032
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
6.61%
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%
$660,640
$660.6K
Cap Rate 7%
$471,886
$471.9K
Cap Rate 9%
$367,022
$367.0K
Market Conditions
NOI Build-Up for 2,522 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
$49.9K $19.80/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$47.2K $18.71/SF
− OpEx
−$14.2K −$5.61/SF
NOI
$33.0K $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%
$660,640
Cap Rate 7%
$471,886
Cap Rate 9%
$367,022
Alternative Uses
Best Use
Multifamily LT 5
$471.9K
$412.9K – $550.5K
NOI $33,032 @ 7.0% cap · market cap 6.61%
Second Best
Apartment 5plus
$408.2K
$357.2K – $476.2K
NOI $28,572 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$648.5K
$567.5K – $756.6K
NOI $45,396 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Explore this area
Business Placement
Demographics for 77021, TX
28,055
Population
12,819
Households
2.2
Avg Household Size
36
Median Age
34%
College-Educated
87%
High-School Grad
6.1 sq mi
ZIP Area
4,599
Density / Sq Mi
$45,034
Median Household Income
$38,041
Median Earnings
$1,193
Median Rent
$203,900
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 - Both residences offer open layouts, contemporary kitchens, upgraded bathrooms, and modern laundry appliances.
Where is this duplex located?
The property is located at 3549 Amos Street A and B Houston, TX.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two 3‑bedroom, 2‑bathroom units totaling 2,522 SF; Built in 2023 on a 7,775 SF double lot; 10‑foot ceilings and 8‑foot doors throughout each unit
