Furnished Duplex With Private
For Sale
$489,000
6824 Dumble St, Houston, TX 77021
Two updated residences offer flexible rental configurations and fenced outdoor space for each unit.
Property Size2,553 SF
Price / SF$191.54
Days on Market86
Property Features for 6824 Dumble St
General Information
Standard status
Active
Size
2,553 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$8,241
Amenities
quartz countertops
stainless steel appliances
brushed gold fixtures
luxury vinyl plank flooring
walk-in closets with custom built-ins
dual sinks
glass-enclosed showers
marble-topped vanities
designer tile
private fenced backyard
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Samuel Carratala · License #0468624
(281) 781-6969
Source:
Exprealty
Added: Jul 8
Changed: Sep 3
Last Checked: Oct 1 at 2:17PM
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.
Built in 2021, this 2,553-square-foot duplex contains two residences, each with three bedrooms, two bathrooms, and an open-concept living arrangement. Interior finishes include quartz countertops, stainless steel appliances, brushed gold fixtures, extensive cabinetry, luxury vinyl plank flooring, low-emissivity windows, and washer and dryer hookups. Primary suites include walk-in closets with custom built-ins, dual sinks, and glass-enclosed showers. Secondary bathrooms feature dual-sink vanities with marble tops and designer tile.
The property is operating as a furnished rental and can also accommodate mid-term, corporate, insurance-placement, group, or traditional long-term rental arrangements, as supported by the existing configuration. Each residence has a private fenced backyard, providing separate outdoor space for occupants. The property is located at 6824 Dumble Street in Houston, Texas.
The property is operating as a furnished rental and can also accommodate mid-term, corporate, insurance-placement, group, or traditional long-term rental arrangements, as supported by the existing configuration. Each residence has a private fenced backyard, providing separate outdoor space for occupants. The property is located at 6824 Dumble Street in Houston, Texas.
Key Highlights
- 2,553 SF duplex built in 2021
- Each unit includes 3 bedrooms and 2 bathrooms
- Open‑concept layouts with quartz counters and stainless steel appliances
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
$33,438
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
6.84%
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%
$668,760
$668.8K
Cap Rate 7%
$477,686
$477.7K
Cap Rate 9%
$371,533
$371.5K
Market Conditions
NOI Build-Up for 2,553 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
$50.5K $19.80/SF
− Vacancy
−$2.8K −$1.09/SF
EGI
$47.8K $18.71/SF
− OpEx
−$14.3K −$5.61/SF
NOI
$33.4K $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%
$668,760
Cap Rate 7%
$477,686
Cap Rate 9%
$371,533
Alternative Uses
Best Use
Multifamily LT 5
$477.7K
$418.0K – $557.3K
NOI $33,438 @ 7.0% cap · market cap 6.84%
Second Best
Apartment 5plus
$413.2K
$361.5K – $482.1K
NOI $28,923 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$656.5K
$574.4K – $765.9K
NOI $45,954 @ 7.0% cap · market cap 9.40%
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
512
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
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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 updated residences offer flexible rental configurations and fenced outdoor space for each unit.
Where is this duplex located?
The property is located at 6824 Dumble St Houston, TX.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: 2,553 SF duplex built in 2021; Each unit includes 3 bedrooms and 2 bathrooms; Open‑concept layouts with quartz counters and stainless steel appliances
