Four-Unit Multifamily Investment
For Sale
$750,000
7 & 9 Hunt St, Houston, TX 77003
Two duplexes totaling four units, recently remodeled, potential for Airbnb.
Property Size3,456 SF
Lot Size0.23 Acres
Price / SF$434.03
Days on Market153
Property Features for 7 & 9 Hunt St
General Information
Standard status
Active
Size
3,456 SF
Lot size
0.23 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$8,790
Building Details
Building Size
3,456 SF
Year Built
1935
Stories
1
Units
1
Listing Agency:
Compean Group
(832) 777-3904
Listed By:
Evan Compean · License #0617930
(832) 777-3904
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:22AM
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 Compean Group
Investment Insights
Based on property information with market context.
This offering includes two separate duplexes, totaling four units with a combined area of 10,000 square feet. Each duplex measures 1,728 square feet, with each individual unit offering 864 square feet, featuring two bedrooms and one bathroom. The units have been recently remodeled, incorporating updated laminate flooring, cabinets, butcher block countertops, light fixtures, HVAC mini-split systems, and updated bathrooms. Current monthly rent for each unit is approximately $1,500. The owner is maintaining one vacant unit in each duplex to facilitate showings. Each duplex is equipped with two electrical meters, two gas meters, and two water meters. The owner's only expense is landscaping. There is potential to convert the properties into an Airbnb setup, with a projected income of up to $10,000 per month, based on an estimated $125 per night for 20 days per month per unit. Alternatively, each duplex can be sold separately, presenting a house hacking opportunity where one can live in one unit and lease out the other, utilizing low down payment options. The owner will replace the roofs prior to closing.
Key Highlights
- Four recently remodeled units with updated laminate flooring, cabinets, butcher block countertops, light fixtures, HVAC mini‑split systems, and updated bathrooms.
- Two separate duplexes included in the sale, offering flexibility and investment potential.
- Potential for significant income: approximately $1,500 monthly rent per unit or up to $10,000 per month via Airbnb.
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
$22,633
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
3.02%
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%
$452,660
$452.7K
Cap Rate 7%
$323,329
$323.3K
Cap Rate 9%
$251,478
$251.5K
Market Conditions
NOI Build-Up for 1,728 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
$34.2K $19.80/SF
− Vacancy
−$1.9K −$1.09/SF
EGI
$32.3K $18.71/SF
− OpEx
−$9.7K −$5.61/SF
NOI
$22.6K $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%
$452,660
Cap Rate 7%
$323,329
Cap Rate 9%
$251,478
Alternative Uses
Best Use
Multifamily LT 5
$323.3K
$282.9K – $377.2K
NOI $22,633 @ 7.0% cap · market cap 3.02%
Second Best
Apartment 5plus
$279.7K
$244.7K – $326.3K
NOI $19,577 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$444.3K
$388.8K – $518.4K
NOI $31,104 @ 7.0% cap · market cap 4.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,234
Businesses Nearby
Explore this area
Business Placement
Demographics for 77003, TX
11,874
Population
6,201
Households
1.9
Avg Household Size
36
Median Age
49%
College-Educated
93%
High-School Grad
2.7 sq mi
ZIP Area
4,398
Density / Sq Mi
$88,837
Median Household Income
$63,831
Median Earnings
$1,562
Median Rent
$363,000
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 - Two duplexes totaling four units, recently remodeled, potential for Airbnb.
Where is this duplex located?
The property is located at 7 & 9 Hunt St Houston, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Four recently remodeled units with updated laminate flooring, cabinets, butcher block countertops, light fixtures, HVAC mini‑split systems, and updated bathrooms.; Two separate duplexes included in the sale, offering flexibility and investment potential.; Potential for significant income: approximately $1,500 monthly rent per unit or up to $10,000 per month via Airbnb.
