Two-Story Duplex with Fenced
New
For Sale
$530,000
7313 Tippett St A/B, Houston, TX 77088
Each unit offers three bedrooms, two full bathrooms, and one half bath in an open-concept layout.
Property Size2,708 SF
Days on Market5
Property Features for 7313 Tippett St A/B
General Information
Standard status
Active
Size
2,708 SF
Property subtype
Investment
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,675
Amenities
private backyard
Building Details
Building Size
2,708 SF
Year Built
2026
Buildings
1
Stories
2
Units
2
Construction
modern
Listing Agency:
The Reyna Group
(832) 297-6788
Listed By:
Melissa Rodriguez · License #0764347
(832) 297-6788
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 11:02AM
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 Reyna Group
Investment Insights
Based on property information with market context.
This two-story duplex contains two separately configured units, each with three bedrooms, two full bathrooms, and one half bath. Open living areas connect to kitchens finished with European-style cabinetry, black suede countertops, decorative tile backsplashes, gold-toned hardware, and contemporary fixtures. Durable flooring serves the main living spaces, while the bedrooms include carpet and individual accent-wall treatments. The bathrooms feature tiled surfaces, floating vanities, matching black suede counters, and gold-finish details.
Each unit includes a private, privacy-fenced backyard for outdoor use. The property is located at 7313 Tippett St A/B in Houston, Texas 77088, and carries a 2026 year built designation. Reported mobility measures include a bike score of 42, a walk score of 45, and a transit score of 48.
Each unit includes a private, privacy-fenced backyard for outdoor use. The property is located at 7313 Tippett St A/B in Houston, Texas 77088, and carries a 2026 year built designation. Reported mobility measures include a bike score of 42, a walk score of 45, and a transit score of 48.
Key Highlights
- Duplex with two stories and two residential units
- Each unit includes 3 bedrooms, 2 full bathrooms, and 1 half bath
- Open‑concept interiors with European‑style cabinetry and black suede countertops
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
$35,469
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
6.69%
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%
$709,380
$709.4K
Cap Rate 7%
$506,700
$506.7K
Cap Rate 9%
$394,100
$394.1K
Market Conditions
NOI Build-Up for 2,708 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
$53.6K $19.80/SF
− Vacancy
−$2.9K −$1.09/SF
EGI
$50.7K $18.71/SF
− OpEx
−$15.2K −$5.61/SF
NOI
$35.5K $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%
$709,380
Cap Rate 7%
$506,700
Cap Rate 9%
$394,100
Alternative Uses
Best Use
Multifamily LT 5
$506.7K
$443.4K – $591.2K
NOI $35,469 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$438.3K
$383.5K – $511.3K
NOI $30,679 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$696.3K
$609.3K – $812.4K
NOI $48,744 @ 7.0% cap · market cap 9.20%
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
310
Businesses Nearby
Explore this area
Business Placement
Demographics for 77088, TX
54,320
Population
18,500
Households
2.9
Avg Household Size
35
Median Age
13%
College-Educated
72%
High-School Grad
11.1 sq mi
ZIP Area
4,894
Density / Sq Mi
$52,549
Median Household Income
$32,015
Median Earnings
$1,177
Median Rent
$173,900
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 - Each unit offers three bedrooms, two full bathrooms, and one half bath in an open-concept layout.
Where is this duplex located?
The property is located at 7313 Tippett St A/B Houston, TX.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Duplex with two stories and two residential units; Each unit includes 3 bedrooms, 2 full bathrooms, and 1 half bath; Open‑concept interiors with European‑style cabinetry and black suede countertops
