New Construction Duplex with Private
For Sale
$489,000
721 Doverside Street, Houston, TX 77022
New construction duplex in Houston with two units, each featuring a first-floor master suite and a private backyard.
Property Size3,184 SF
Lot Size0.11 Acres
Days on Market124
Property Features for 721 Doverside Street
General Information
Standard status
Active
Size
3,184 SF
Lot size
0.11 Acres
Property subtype
Multi Family,Duplex
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,005
Amenities
gated
private backyard
Building Details
Building Size
3,184 SF
Year Built
2026
Listing Agency:
Acres Realty
Listed By:
Julian Moreno
(281) 808-8040
Source:
Nancyalmodovar
Added: May 10
Changed: Sep 6
Last Checked: Sep 10 at 6:25AM
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 Acres Realty
Investment Insights
Based on property information with market context.
Completion is expected within one month for this newly constructed duplex at 721 Doverside St in Houston, TX 77022. The gated property is built on a nearly 5,000 sq ft lot and includes two separate units, each with a first-floor master suite. Interiors feature designer fixtures, premium flooring, and sleek modern cabinetry. Each unit also has access to its own private backyard.
Walk, bike, and transit scores are listed as 61 (Somewhat Walkable), 45 (Somewhat Bikeable), and 57 (Good Transit). The property is described as being minutes from Downtown and the Heights, supporting practical day-to-day access for residents.
For configuration, the layout emphasizes convenient main-level living through the first-floor master suite in each unit, paired with outdoor private space via each unit’s backyard.
Walk, bike, and transit scores are listed as 61 (Somewhat Walkable), 45 (Somewhat Bikeable), and 57 (Good Transit). The property is described as being minutes from Downtown and the Heights, supporting practical day-to-day access for residents.
For configuration, the layout emphasizes convenient main-level living through the first-floor master suite in each unit, paired with outdoor private space via each unit’s backyard.
Key Highlights
- New construction duplex with YearBuilt 2026 in Houston’s Near Northside
- 2 units; each unit includes a first‑floor master suite
- Each unit has its own private backyard
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
$41,703
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
8.53%
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%
$834,060
$834.1K
Cap Rate 7%
$595,757
$595.8K
Cap Rate 9%
$463,367
$463.4K
Market Conditions
NOI Build-Up for 3,184 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
$63.0K $19.80/SF
− Vacancy
−$3.5K −$1.09/SF
EGI
$59.6K $18.71/SF
− OpEx
−$17.9K −$5.61/SF
NOI
$41.7K $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%
$834,060
Cap Rate 7%
$595,757
Cap Rate 9%
$463,367
Alternative Uses
Best Use
Multifamily LT 5
$595.8K
$521.3K – $695.1K
NOI $41,703 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$515.3K
$450.9K – $601.2K
NOI $36,072 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$818.7K
$716.4K – $955.2K
NOI $57,312 @ 7.0% cap · market cap 11.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
Explore this area
Business Placement
Demographics for 77022, TX
28,748
Population
10,717
Households
2.7
Avg Household Size
35
Median Age
13%
College-Educated
63%
High-School Grad
5.8 sq mi
ZIP Area
4,957
Density / Sq Mi
$48,386
Median Household Income
$28,877
Median Earnings
$1,047
Median Rent
$197,200
Median Home Value
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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 - New construction duplex in Houston with two units, each featuring a first-floor master suite and a private backyard.
Where is this duplex located?
The property is located at 721 Doverside Street Houston, TX.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: New construction duplex with YearBuilt 2026 in Houston’s Near Northside; 2 units; each unit includes a first‑floor master suite; Each unit has its own private backyard
