Contemporary Duplex with
For Sale
$509,900
7117 Eastwood St A-B, Houston, TX 77021
Two three-bedroom residences feature modern interiors, private garages, open living areas, and dedicated laundry rooms.
Property Size2,660 SF
Days on Market73
Property Features for 7117 Eastwood St A-B
General Information
Standard status
Active
Size
2,660 SF
Total Parking Spaces
2
Property subtype
Investment
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$412
Building Details
Building Size
2,660 SF
Year Built
2026
Buildings
1
Stories
2
Units
1
Construction
contemporary
Listing Agency:
BROOKS & DAVIS REAL ESTATE
Listed By:
Andre Beraud · License #0667248
(832) 524-4526
Source:
Elliman
Added: Jun 22
Changed: Aug 30
Last Checked: Aug 31 at 7:47PM
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 BROOKS & DAVIS REAL ESTATE
Investment Insights
Based on property information with market context.
Completed in 2026, this contemporary duplex contains two residences, each with 3 bedrooms, 2 full bathrooms, a private 1-car garage, and a dedicated laundry room. The interiors are arranged around open living spaces with tray ceilings, wide-plank flooring, and large windows. Each kitchen includes a substantial island, streamlined cabinetry, and premium finishes, while the bathrooms feature custom tile, matte black hardware, and contemporary vanities.
The property is located at 7117 Eastwood St A-B in Houston, near the Medical Center, downtown, and major universities. Walk Score is 58, Bike Score is 53, and Transit Score is 41, providing a measurable snapshot of the surrounding area's walkability, bikeability, and transit access.
The property is located at 7117 Eastwood St A-B in Houston, near the Medical Center, downtown, and major universities. Walk Score is 58, Bike Score is 53, and Transit Score is 41, providing a measurable snapshot of the surrounding area's walkability, bikeability, and transit access.
Key Highlights
- Duplex completed in 2026 with two residences
- Each unit offers 3 bedrooms and 2 full bathrooms
- Private 1‑car garage and dedicated laundry room for each unit
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
$34,840
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
6.83%
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%
$696,800
$696.8K
Cap Rate 7%
$497,714
$497.7K
Cap Rate 9%
$387,111
$387.1K
Market Conditions
NOI Build-Up for 2,660 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
$52.7K $19.80/SF
− Vacancy
−$2.9K −$1.09/SF
EGI
$49.8K $18.71/SF
− OpEx
−$14.9K −$5.61/SF
NOI
$34.8K $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%
$696,800
Cap Rate 7%
$497,714
Cap Rate 9%
$387,111
Alternative Uses
Best Use
Multifamily LT 5
$497.7K
$435.5K – $580.7K
NOI $34,840 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$430.5K
$376.7K – $502.3K
NOI $30,136 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$684.0K
$598.5K – $798.0K
NOI $47,880 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
469
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
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 three-bedroom residences feature modern interiors, private garages, open living areas, and dedicated laundry rooms.
Where is this duplex located?
The property is located at 7117 Eastwood St A-B Houston, TX.
What is the asking price?
The asking price for this property is $509,900.
What are key features of this property?
This property features: Duplex completed in 2026 with two residences; Each unit offers 3 bedrooms and 2 full bathrooms; Private 1‑car garage and dedicated laundry room for each unit
