Remodeled Four-Unit Duplex
For Sale
$750,000
7 & 9 Hunt Street, Houston, TX 77003
Two duplex buildings offer updated two-bedroom units with individual utility metering and separate entrances.
Property Size3,456 SF
Price / SF$217.01
Days on Market298
Property Features for 7 & 9 Hunt Street
General Information
Standard status
Active
Size
3,456 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Average Monthly Rent
$1,500
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$8,790
Amenities
Laminate,Tile
1
2
Appraiser
10000
Two
3456
Building Details
Building Size
3,456 SF
Year Built
1935
Buildings
2
Stories
1
Listing Agency:
eXp Realty, LLC
(713) 594-7106
Listed By:
EJ Grayson
(713) 594-7106
Source:
Garygreene
Added: Oct 16, 2025
Changed: Aug 8
Last Checked: Aug 8 at 3:51AM
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.
This offering includes two separate duplex buildings with four total units. Each duplex contains 1,728 square feet, while each unit measures 864 square feet and includes two bedrooms and one bathroom. The units have been remodeled with laminate flooring, updated cabinetry, butcher block countertops, new light fixtures, mini-split HVAC systems, and refreshed bathrooms. The buildings date to 1935, and the roofs are scheduled for replacement before closing.
Each duplex has separate electrical, gas, and water meters for its two units. The owner currently covers landscaping, while two units are being kept vacant for showings and are available to view. The duplexes may also be purchased separately, providing flexibility for an owner seeking a two-unit property or a buyer pursuing the full four-unit package.
Each duplex has separate electrical, gas, and water meters for its two units. The owner currently covers landscaping, while two units are being kept vacant for showings and are available to view. The duplexes may also be purchased separately, providing flexibility for an owner seeking a two-unit property or a buyer pursuing the full four-unit package.
Key Highlights
- Four total units across two separate duplex buildings
- Each duplex contains 1,728 square feet; each unit measures 864 square feet
- All units feature 2 bedrooms and 1 bathroom
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
$45,266
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%
$905,320
$905.3K
Cap Rate 7%
$646,657
$646.7K
Cap Rate 9%
$502,956
$503.0K
Market Conditions
NOI Build-Up for 3,456 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
$68.4K $19.80/SF
− Vacancy
−$3.8K −$1.09/SF
EGI
$64.7K $18.71/SF
− OpEx
−$19.4K −$5.61/SF
NOI
$45.3K $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%
$905,320
Cap Rate 7%
$646,657
Cap Rate 9%
$502,956
Alternative Uses
Best Use
Multifamily LT 5
$646.7K
$565.8K – $754.4K
NOI $45,266 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$559.3K
$489.4K – $652.6K
NOI $39,154 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$888.7K
$777.6K – $1.04M
NOI $62,208 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Utilities to site
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two duplex buildings offer updated two-bedroom units with individual utility metering and separate entrances.
Where is this duplex located?
The property is located at 7 & 9 Hunt Street 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 total units across two separate duplex buildings; Each duplex contains 1,728 square feet; each unit measures 864 square feet; All units feature 2 bedrooms and 1 bathroom
