Updated Two-Unit
For Sale
$280,000
3808 Cochran Street, Houston, TX 77009
Two-bedroom units, spacious yards, and access to I-45, I-10, and METRORail Red Line support flexible occupancy.
Property Size1,600 SF
Price / SF$175
Days on Market50
Property Features for 3808 Cochran Street
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,917
Amenities
Laminate,Tile
Yes
2
4
Appraiser
Quartz Counters
Partial
5000
Two
1600
Building Details
Building Size
1,600 SF
Year Built
1960
Stories
1
Listing Agency:
Premier Haus Realty, LLC
(281) 486-1900
Listed By:
Danielle Fee Herman
(832) 474-5540
Source:
Garygreene
Added: Aug 21
Changed: Oct 7
Last Checked: Oct 7 at 10:34AM
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 Premier Haus Realty, LLC
Investment Insights
Based on property information with market context.
This 1960-built duplex contains two two-bedroom, one-bath residences with spacious yards and well-maintained exterior appeal. Unit 3808 has quartz countertops, LVP flooring, and contemporary interior finishes, while Unit 3806 is occupied by a tenant. The property supports either owner occupancy in one residence with the second leased or continued use as a two-unit rental asset.
The property is located minutes from Houston Heights and Lindale Park, with access to I-45, I-10, and the METRORail Red Line. Dining, shopping, and entertainment are also nearby. Unit 3808 is available for showings by appointment.
The property is located minutes from Houston Heights and Lindale Park, with access to I-45, I-10, and the METRORail Red Line. Dining, shopping, and entertainment are also nearby. Unit 3808 is available for showings by appointment.
Key Highlights
- Two‑unit duplex with two 2‑bedroom, 1‑bath residences
- Unit 3808 includes quartz countertops, LVP flooring, and modern finishes
- Unit 3806 is tenant occupied and generating rental income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,956
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,120
$419.1K
Cap Rate 7%
$299,371
$299.4K
Cap Rate 9%
$232,844
$232.8K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$31.7K $19.80/SF
− Vacancy
−$1.7K −$1.09/SF
EGI
$29.9K $18.71/SF
− OpEx
−$9.0K −$5.61/SF
NOI
$21.0K $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 Rate 5%
$419,120
Cap Rate 7%
$299,371
Cap Rate 9%
$232,844
Alternative Uses
Best Use
Multifamily LT 5
$299.4K
$262.0K – $349.3K
NOI $20,956 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$259.0K
$226.6K – $302.1K
NOI $18,127 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$411.4K
$360.0K – $480.0K
NOI $28,800 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
494
Businesses Nearby
Explore this area
Business Placement
Demographics for 77009, TX
36,425
Population
17,890
Households
2
Avg Household Size
37
Median Age
39%
College-Educated
78%
High-School Grad
6.2 sq mi
ZIP Area
5,875
Density / Sq Mi
$81,921
Median Household Income
$49,446
Median Earnings
$1,229
Median Rent
$403,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Two-bedroom units, spacious yards, and access to I-45, I-10, and METRORail Red Line support flexible occupancy.
Where is this duplex located?
The property is located at 3808 Cochran Street Houston, TX.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Two‑unit duplex with two 2‑bedroom, 1‑bath residences; Unit 3808 includes quartz countertops, LVP flooring, and modern finishes; Unit 3806 is tenant occupied and generating rental income
