Brand-New Duplex with
For Sale
$395,000
7222 Philibert Ln A/B, Houston, TX 77028
New construction duplex with two identical units, each featuring 3 bedrooms, 2 full baths, laundry room, and front/rear balconies.
Property Size2,436 SF
Days on Market64
Property Features for 7222 Philibert Ln A/B
General Information
Standard status
Active
Size
2,436 SF
Property subtype
Investment
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,177
Building Details
Building Size
2,436 SF
Year Built
2025
Stories
1
Units
1
Listing Agency:
The Larios Home Group
Listed By:
Lisseth Larios · License #0726573
(281) 818-9913
Source:
Elliman
Added: Jul 9
Changed: Sep 6
Last Checked: Sep 10 at 10:23AM
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 The Larios Home Group
Investment Insights
Based on property information with market context.
This brand-new duplex offers two identical units, labeled Unit A and Unit B. Each unit includes an open-concept layout with custom cabinetry, modern countertops, and laminate flooring throughout. The oversized primary suite includes a private, en-suite bathroom with modern fixtures and finishes, and each unit also has a dedicated laundry room with built-in cabinetry for added convenience and storage. Both units feature front and rear balconies, and the property includes an oversized backyard designed with entertaining space in mind.
The duplex sits on an oversized lot with no back neighbors, providing additional privacy. An expansive driveway offers ample parking, and there is also covered parking underneath the units for vehicles.
The property is offered for sale as a duplex investment with two separate, similarly configured residential units.
The duplex sits on an oversized lot with no back neighbors, providing additional privacy. An expansive driveway offers ample parking, and there is also covered parking underneath the units for vehicles.
The property is offered for sale as a duplex investment with two separate, similarly configured residential units.
Key Highlights
- Newly built duplex (Year Built 2025) with 2 identical units: Unit A and Unit B
- Each unit offers 3 bedrooms and 2 full bathrooms with a modern, open‑concept floor plan
- Open‑concept interiors with custom cabinetry, modern countertops, and laminate flooring throughout
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
$31,906
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
8.08%
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%
$638,120
$638.1K
Cap Rate 7%
$455,800
$455.8K
Cap Rate 9%
$354,511
$354.5K
Market Conditions
NOI Build-Up for 2,436 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
$48.2K $19.80/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$45.6K $18.71/SF
− OpEx
−$13.7K −$5.61/SF
NOI
$31.9K $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 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%
$638,120
Cap Rate 7%
$455,800
Cap Rate 9%
$354,511
Alternative Uses
Best Use
Multifamily LT 5
$455.8K
$398.8K – $531.8K
NOI $31,906 @ 7.0% cap · market cap 8.08%
Second Best
Apartment 5plus
$394.3K
$345.0K – $460.0K
NOI $27,598 @ 7.0% cap · market cap 6.99%
Theoretical Best
Office A
$626.4K
$548.1K – $730.8K
NOI $43,848 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
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Business Placement
Demographics for 77028, TX
18,701
Population
7,102
Households
2.6
Avg Household Size
35
Median Age
8%
College-Educated
69%
High-School Grad
9.1 sq mi
ZIP Area
2,055
Density / Sq Mi
$36,244
Median Household Income
$28,099
Median Earnings
$1,115
Median Rent
$108,200
Median Home Value
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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 with two identical units, each featuring 3 bedrooms, 2 full baths, laundry room, and front/rear balconies.
Where is this duplex located?
The property is located at 7222 Philibert Ln A/B Houston, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Newly built duplex (Year Built 2025) with 2 identical units: Unit A and Unit B; Each unit offers 3 bedrooms and 2 full bathrooms with a modern, open‑concept floor plan; Open‑concept interiors with custom cabinetry, modern countertops, and laminate flooring throughout
