New Construction
For Sale
$549,000
Pending
5912 Mayle Street Unit A/B, Houston, TX 77016
Each residence offers an open floor plan, spacious bedrooms, and practical access to major roadways.
Property Size3,276 SF
Days on Market161
Property Features for 5912 Mayle Street Unit A/B
General Information
Standard status
Pending
Size
3,276 SF
Property subtype
Multi Family,Duplex
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Building Size
3,276 SF
Year Built
2024
Buildings
1
Listing Agency:
Monarch & Co
(713) 894-0167
Listed By:
Yvonne Cazares · License #0671976
(713) 894-0167
Source:
Nancyalmodovar
Added: Mar 17
Changed: Aug 14
Last Checked: Aug 23 at 7:52AM
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 Monarch & Co
Investment Insights
Based on property information with market context.
Completed in 2024, this duplex includes two residences, each with three bedrooms, two-and-a-half bathrooms, and 1,638 square feet of living space. The interiors feature open-plan living areas and generously sized bedrooms, providing a functional residential layout for occupants or ownership use.
The property is in Houston, Texas, with access to I-45 and other major roadways. Downtown Houston and surrounding areas are described as being within convenient commuting reach.
The property is in Houston, Texas, with access to I-45 and other major roadways. Downtown Houston and surrounding areas are described as being within convenient commuting reach.
Key Highlights
- 2024‑built duplex with two residences
- Each unit provides 3 bedrooms and 2.5 bathrooms
- 1,638 square feet of living space per 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
$42,908
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
7.82%
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%
$858,160
$858.2K
Cap Rate 7%
$612,971
$613.0K
Cap Rate 9%
$476,756
$476.8K
Market Conditions
NOI Build-Up for 3,276 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
$64.9K $19.80/SF
− Vacancy
−$3.6K −$1.09/SF
EGI
$61.3K $18.71/SF
− OpEx
−$18.4K −$5.61/SF
NOI
$42.9K $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%
$858,160
Cap Rate 7%
$612,971
Cap Rate 9%
$476,756
Alternative Uses
Best Use
Multifamily LT 5
$613.0K
$536.4K – $715.1K
NOI $42,908 @ 7.0% cap · market cap 7.82%
Second Best
Apartment 5plus
$530.2K
$463.9K – $618.6K
NOI $37,114 @ 7.0% cap · market cap 6.76%
Theoretical Best
Office A
$842.4K
$737.1K – $982.8K
NOI $58,968 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
309
Businesses Nearby
Explore this area
Business Placement
Demographics for 77016, TX
29,966
Population
11,131
Households
2.7
Avg Household Size
37
Median Age
11%
College-Educated
75%
High-School Grad
9.9 sq mi
ZIP Area
3,027
Density / Sq Mi
$46,411
Median Household Income
$30,510
Median Earnings
$1,163
Median Rent
$111,900
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 - Each residence offers an open floor plan, spacious bedrooms, and practical access to major roadways.
Where is this duplex located?
The property is located at 5912 Mayle Street Unit A/B Houston, TX.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 2024‑built duplex with two residences; Each unit provides 3 bedrooms and 2.5 bathrooms; 1,638 square feet of living space per unit
