Remodeled Two-Unit
For Sale
$375,000
7 Hunt Street, Houston, TX 77003
Updated duplex offers two separately metered 2BR/1BA units, each with mini-split HVAC and recent interior remodels.
Property Size1,728 SF
Price / SF$217.01
Days on Market110
Property Features for 7 Hunt Street
General Information
Standard status
Active
Size
1,728 SF
Property subtype
Multi Family,Duplex
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$8,790
Building Details
Building Size
1,728 SF
Year Built
1935
Listing Agency:
Compean Group
Listed By:
Evan Compean · License #0617930
(832) 777-3904
Source:
Livingvoguerealestate
Added: Jun 4
Changed: Sep 10
Last Checked: Sep 21 at 9:03AM
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 is for one of two available duplex properties. Each duplex contains two units, with each unit featuring 2 bedrooms and 1 bathroom in 864 square feet. The units have recently been remodeled, including updated laminate flooring, cabinets, butcher block countertops, light fixtures, mini-split HVAC systems, and an updated bathroom. Each duplex is equipped with two electrical meters, two gas meters, and two water meters. Owner-only landscaping coverage is also noted in the remarks. The owner is currently attempting to keep one unit vacant in each home to support sale logistics.
The property is located at 7 Hunt St in Houston, TX 77003. The listing notes a new roof scheduled for 2026. WalkScore, BikeScore, and transitScore values are provided in the remarks (walkable/somewhat walkable and good transit).
For tenants, this configuration supports separate living arrangements within a single building, while the individual metering can help simplify utility separation. For owner-occupants, the seller’s stated plan is to live in one unit and lease the other. The remarks also note that the property could be converted to a short-term rental setup, with the income scenario discussed by the owner based on assumptions provided in the listing.
The property is located at 7 Hunt St in Houston, TX 77003. The listing notes a new roof scheduled for 2026. WalkScore, BikeScore, and transitScore values are provided in the remarks (walkable/somewhat walkable and good transit).
For tenants, this configuration supports separate living arrangements within a single building, while the individual metering can help simplify utility separation. For owner-occupants, the seller’s stated plan is to live in one unit and lease the other. The remarks also note that the property could be converted to a short-term rental setup, with the income scenario discussed by the owner based on assumptions provided in the listing.
Key Highlights
- 1935‑built duplex with two separately metered 2BR/1BA units; each unit is 864 SF (duplex totals 1,728 SF).
- Recently remodeled interiors with updated laminate flooring, cabinets, butcher block countertops, light fixtures, and an updated bathroom.
- Each unit has its own HVAC mini‑split system for individualized heating and cooling.
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
6.04%
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 6.04%
Second Best
Apartment 5plus
$279.7K
$244.7K – $326.3K
NOI $19,577 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$444.3K
$388.8K – $518.4K
NOI $31,104 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex offers two separately metered 2BR/1BA units, each with mini-split HVAC and recent interior remodels.
Where is this duplex located?
The property is located at 7 Hunt Street Houston, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1935‑built duplex with two separately metered 2BR/1BA units; each unit is 864 SF (duplex totals 1,728 SF).; Recently remodeled interiors with updated laminate flooring, cabinets, butcher block countertops, light fixtures, and an updated bathroom.; Each unit has its own HVAC mini‑split system for individualized heating and cooling.
