Modern Duplex For
For Sale
$385,000
3907 Falls Street, Houston, TX 77026
New, move-in ready duplex with private covered porches, spacious decks, and on-site parking for each unit.
Property Size2,520 SF
Price / SF$152.78
Days on Market62
Property Features for 3907 Falls Street
General Information
Standard status
Active
Size
2,520 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
Plank,Vinyl
Yes
2
3
Appraiser
Ceiling Fan(s)
5000
2520
Building Details
Building Size
2,520 SF
Year Built
2024
Stories
1
Listing Agency:
eXp Realty LLC
(713) 461-6800
Listed By:
Julie Morton
(832) 401-2908
Source:
Garygreene
Added: Jul 11
Changed: Sep 9
Last Checked: Sep 10 at 6:02AM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This newly built modern duplex offers a move-in ready setup with private covered porches and spacious decks for each unit. Both sides feature gated exterior space and on-site parking. Inside, you’ll find quartz countertops, stainless steel appliances, soft-close cabinetry, recessed lighting, and a designer kitchen backsplash. Bathrooms include dual vanities with tile wainscoting, along with energy-efficient ceiling fans throughout.
The property is located at 3907 Falls St in Houston. Transportation and walkability metrics indicate the area is somewhat bikeable and somewhat transit-accessible, with a car-dependent rating.
The duplex’s contemporary finishes and practical outdoor layout make it well suited for tenants or owner-occupants seeking a fresh, modern residential income property with convenient parking and outdoor living space.
The property is located at 3907 Falls St in Houston. Transportation and walkability metrics indicate the area is somewhat bikeable and somewhat transit-accessible, with a car-dependent rating.
The duplex’s contemporary finishes and practical outdoor layout make it well suited for tenants or owner-occupants seeking a fresh, modern residential income property with convenient parking and outdoor living space.
Key Highlights
- Brand‑new 2024 modern duplex—move‑in ready
- Each unit has a private covered porch and a spacious deck
- Gated exterior with on‑site parking for 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
$33,006
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
8.57%
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%
$660,120
$660.1K
Cap Rate 7%
$471,514
$471.5K
Cap Rate 9%
$366,733
$366.7K
Market Conditions
NOI Build-Up for 2,520 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
−$14.1K −$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%
$660,120
Cap Rate 7%
$471,514
Cap Rate 9%
$366,733
Alternative Uses
Best Use
Multifamily LT 5
$471.5K
$412.6K – $550.1K
NOI $33,006 @ 7.0% cap · market cap 8.57%
Second Best
Apartment 5plus
$407.8K
$356.9K – $475.8K
NOI $28,549 @ 7.0% cap · market cap 7.42%
Theoretical Best
Office A
$648.0K
$567.0K – $756.0K
NOI $45,360 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Explore this area
Business Placement
Demographics for 77026, TX
23,405
Population
9,580
Households
2.4
Avg Household Size
36
Median Age
9%
College-Educated
70%
High-School Grad
6.6 sq mi
ZIP Area
3,546
Density / Sq Mi
$34,835
Median Household Income
$29,339
Median Earnings
$962
Median Rent
$104,800
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 - New, move-in ready duplex with private covered porches, spacious decks, and on-site parking for each unit.
Where is this duplex located?
The property is located at 3907 Falls Street Houston, TX.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Brand‑new 2024 modern duplex—move‑in ready; Each unit has a private covered porch and a spacious deck; Gated exterior with on‑site parking for each unit
