Duplex Requiring HVAC
For Sale
$189,000
7146 Avenue I, Houston, TX 77011
Two-unit property sold as-is, with HVAC and kitchen appliances requiring installation before occupancy.
Property Size1,392 SF
Price / SF$135.78
Days on Market88
Property Features for 7146 Avenue I
General Information
Standard status
Active
Size
1,392 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
The property will require some improvements prior to occupancy, including the installation of an HVAC system and kitchen appliances.
Taxes and HOA fees
Annual Taxes
$4,137
Amenities
Vinyl
No
2
5
Owner
3675
Appraiser
1392
Building Details
Building Size
1,392 SF
Year Built
1930
Stories
1
Listing Agency:
Vive Realty LLC
(281) 444-5140
Listed By:
Kim Kluge
(832) 289-8676
Source:
Garygreene
Added: Jul 13
Changed: Oct 7
Last Checked: Oct 7 at 10:04AM
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 Vive Realty LLC
Investment Insights
Based on property information with market context.
This duplex was built in 1930 and is being offered in its current as-is condition. Improvements are needed before occupancy, including installation of an HVAC system and kitchen appliances. The property’s two-unit configuration provides a defined multifamily layout for renovation and future residential use.
The home is located near major roads, shopping, schools, and local amenities. Sale terms are as-is, with the existing condition and required improvements forming an important part of the property profile.
The home is located near major roads, shopping, schools, and local amenities. Sale terms are as-is, with the existing condition and required improvements forming an important part of the property profile.
Key Highlights
- Duplex configuration
- Built in 1930
- Sold in as‑is condition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,770
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,400
$315.4K
Cap Rate 7%
$225,286
$225.3K
Cap Rate 9%
$175,222
$175.2K
Market Conditions
NOI Build-Up for 1,392 SF
Gross rent
$30.6K $21.96/SF
− Vacancy
−$1.9K −$1.36/SF
EGI
$28.7K $20.60/SF
− OpEx
−$12.9K −$9.27/SF
NOI
$15.8K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,400
Cap Rate 7%
$225,286
Cap Rate 9%
$175,222
Alternative Uses
Best Use
Multifamily LT 5
$260.5K
$227.9K – $303.9K
NOI $18,232 @ 7.0% cap · market cap 9.65%
Second Best
Apartment 5plus
$225.3K
$197.1K – $262.8K
NOI $15,770 @ 7.0% cap · market cap 8.34%
Theoretical Best
Office A
$357.9K
$313.2K – $417.6K
NOI $25,056 @ 7.0% cap · market cap 13.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,058
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property sold as-is, with HVAC and kitchen appliances requiring installation before occupancy.
Where is this duplex located?
The property is located at 7146 Avenue I Houston, TX.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Duplex configuration; Built in 1930; Sold in as‑is condition
