Two-Story Duplex
7014 Avenue P, Houston, TX 77011
For Sale
New
$599,000
Each residence includes a gated entrance, stainless steel kitchen appliances, and two parking spaces.
Property Size3,124 SF
Days on Market5
Property Features for 7014 Avenue P
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Multifamily Units
Parking per Unit
Taxes and HOA fees
Annual Taxes
Amenities
automatic gate
Building Details
Building Size
Year Built
Stories
Listing Agency:
Keller Williams Summit
Listed By:
Maria Maldonado · License TX #0617281
(832) 239-7788
Source:
Livingvoguerealestate
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 10 at 6:23PM
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 Keller Williams Summit
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Investment Insights
Based on property information with market context.
Built in 2021, this two-story duplex property contains two residences. Each unit has three bedrooms and 2.5 bathrooms, with a living room, dining area, kitchen, and half bath on the ground floor. The bedrooms and laundry room are upstairs. Stainless steel appliances and a built-in microwave are included in each kitchen.
An automatic gate secures the parking area, with two parking spaces available for each unit. The property is in Houston’s EDO and is described as minutes from downtown Houston.
An automatic gate secures the parking area, with two parking spaces available for each unit. The property is in Houston’s EDO and is described as minutes from downtown Houston.
Key Highlights
- Two duplex units, each with 3 bedrooms and 2.5 bathrooms
- Built in 2021
- Two‑story layout with living, dining, kitchen, and half‑bath areas downstairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,917
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$818,340
$818.3K
Cap Rate 7%
$584,529
$584.5K
Cap Rate 9%
$454,633
$454.6K
Market Conditions
NOI Build-Up for 3,124 SF
Gross rent
$61.9K $19.80/SF
− Vacancy
−$3.4K −$1.09/SF
EGI
$58.5K $18.71/SF
− OpEx
−$17.5K −$5.61/SF
NOI
$40.9K $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 Rate 5%
$818,340
Cap Rate 7%
$584,529
Cap Rate 9%
$454,633
Alternative Uses
Best Use
Multifamily LT 5
$584.5K
$511.5K – $682.0K
NOI $40,917 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$505.6K
$442.4K – $589.9K
NOI $35,392 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$803.3K
$702.9K – $937.2K
NOI $56,232 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
853
Businesses Nearby
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Business Placement
Demographics for 77011, TX
16,841
Population
7,366
Households
2.3
Avg Household Size
37
Median Age
10%
College-Educated
59%
High-School Grad
3.4 sq mi
ZIP Area
4,953
Density / Sq Mi
$49,163
Median Household Income
$36,517
Median Earnings
$1,063
Median Rent
$187,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Houston, TX
Properties on Market for Duplexes in Houston
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes a gated entrance, stainless steel kitchen appliances, and two parking spaces.
Where is this duplex located?
The property is located at 7014 Avenue P Houston, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two duplex units, each with 3 bedrooms and 2.5 bathrooms; Built in 2021; Two‑story layout with living, dining, kitchen, and half‑bath areas downstairs
