New Construction Duplex with Luxury
For Sale
$499,900
3652 Seabrook Street #A and B, Houston, TX 77021
Two-unit property completed in 2025 with quartz countertops, laminate flooring, and upgraded lighting.
Property Size2,572 SF
Days on Market316
Property Features for 3652 Seabrook Street #A and B
General Information
Standard status
Active
Size
2,572 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Building Size
2,572 SF
Year Built
2025
Stories
2
Listing Agency:
KBH Signature Realty Group
Listed By:
Kim Barnes-Henson · License #0460825
(713) 742-2424
Source:
Renesorola.kw
Added: Oct 23, 2025
Changed: Sep 2
Last Checked: Aug 31 at 12:41PM
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 KBH Signature Realty Group
Investment Insights
Based on property information with market context.
This duplex contains two residences identified as Units A and B, with construction completed in 2025. Interior details include open living areas, quartz countertops, laminate flooring, decorative lighting, and a color-changing electric fireplace. Each residence also features a primary suite with a coffered ceiling and custom wall treatment, while ceiling fans are installed throughout the rooms.
The property is located at 3652 Seabrook Street in Houston, near the Texas Medical Center, Hobby Airport, and Downtown Houston. Both units are fully leased, providing an existing occupancy profile for the property.
The property is located at 3652 Seabrook Street in Houston, near the Texas Medical Center, Hobby Airport, and Downtown Houston. Both units are fully leased, providing an existing occupancy profile for the property.
Key Highlights
- New duplex construction completed in 2025
- Two residences identified as Units A and B
- Fully leased property
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
$33,687
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
6.74%
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%
$673,740
$673.7K
Cap Rate 7%
$481,243
$481.2K
Cap Rate 9%
$374,300
$374.3K
Market Conditions
NOI Build-Up for 2,572 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
$50.9K $19.80/SF
− Vacancy
−$2.8K −$1.09/SF
EGI
$48.1K $18.71/SF
− OpEx
−$14.4K −$5.61/SF
NOI
$33.7K $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%
$673,740
Cap Rate 7%
$481,243
Cap Rate 9%
$374,300
Alternative Uses
Best Use
Multifamily LT 5
$481.2K
$421.1K – $561.5K
NOI $33,687 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$416.3K
$364.2K – $485.7K
NOI $29,139 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$661.4K
$578.7K – $771.6K
NOI $46,296 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
924
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property completed in 2025 with quartz countertops, laminate flooring, and upgraded lighting.
Where is this duplex located?
The property is located at 3652 Seabrook 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: New duplex construction completed in 2025; Two residences identified as Units A and B; Fully leased property
