Heights Area Versatile Layout
For Sale
$650,000
543 Studewood St, Houston, TX 77007
Duplex with commercial possibilities near downtown Houston.
Property Size1,500 SF
Price / SF$433.33
Days on Market188
Property Features for 543 Studewood St
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Multi-Family
Building Details
Year Built
1920
Listing Agency:
Berkshire Hathaway HomeServices Premier Properties
Listed By:
Suzanne Corbin · License #0519449
(713) 376-6776
Source:
Nova-era
Added: Apr 15
Changed: Oct 14
Last Checked: Oct 7 at 4:28PM
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 Berkshire Hathaway HomeServices Premier Properties
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Investment Insights
Based on property information with market context.
Located in the Heights area, this property on Studewood near White Oak offers a versatile layout with multiple uses. Currently configured as a duplex, it presents commercial possibilities to work below and live above. The property can be easily converted to a single-family residence or entirely commercial space. It can also be maintained as an investment property and rented for extra income. The large lot includes additional parking towards the rear, and a detached garage. Each unit has a separate entrance and address for privacy. Both units feature recently remodeled kitchens and baths, with 2 bedrooms and 1 bath each. The units include wood floors, tilework, and spacious room sizes. The neighborhood has high walkability scores to restaurants, retail, and clubs. The bike score is 71, indicating it is very bikeable, the walk score is 85, indicating it is very walkable, and the transit score is 51, indicating good transit.
Key Highlights
- Prime Location in the Heights Area near Downtown and White Oak.
- Versatile Layout: Duplex with Commercial Potential, Easily Converted to Single Family or Entirely Commercial.
- Large Lot with Rare Additional Parking** and Detached Garage.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,800
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$396,000
$396.0K
Cap Rate 7%
$282,857
$282.9K
Cap Rate 9%
$220,000
$220.0K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$36.0K $24.00/SF
− Vacancy
−$4.3K −$2.88/SF
EGI
$31.7K $21.12/SF
− OpEx
−$11.9K −$7.92/SF
NOI
$19.8K $13.20/SF
Area
Houston, TX
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$396,000
Cap Rate 7%
$282,857
Cap Rate 9%
$220,000
Alternative Uses
Best Use
Mixed Use
$282.9K
$247.5K – $330.0K
NOI $19,800 @ 7.0% cap · market cap 3.05%
Second Best
Multifamily LT 5
$280.7K
$245.6K – $327.5K
NOI $19,647 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$385.7K
$337.5K – $450.0K
NOI $27,000 @ 7.0% cap · market cap 4.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,573
Businesses Nearby
Explore this area
Business Placement
Demographics for 77007, TX
42,908
Population
26,281
Households
1.6
Avg Household Size
34
Median Age
80%
College-Educated
99%
High-School Grad
7.5 sq mi
ZIP Area
5,721
Density / Sq Mi
$140,878
Median Household Income
$92,408
Median Earnings
$1,951
Median Rent
$501,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with commercial possibilities near downtown Houston.
Where is this duplex located?
The property is located at 543 Studewood St Houston, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Prime Location in the Heights Area near Downtown and White Oak.; Versatile Layout: **Duplex with Commercial Potential**, Easily Converted to Single Family or Entirely Commercial.; Large Lot with Rare Additional Parking** and Detached Garage.
