Two-Unit Duplex
For Sale
$325,000
7434 Aljean Lane, Deer Park, TX 77536
Duplex with two 2-bedroom, 1-bath units and separate back yards with walk-in storage closets.
Property Size1,712 SF
Price / SF$189.84
Days on Market125
Property Features for 7434 Aljean Lane
General Information
Standard status
Active
Size
1,712 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,996
Amenities
walk-in storage closet
Tile
Yes
2
4
Washer Hookup,Dryer Hookup
Appraiser
Other
6100
1712
Building Details
Building Size
1,712 SF
Year Built
1979
Stories
1
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty - Lake Conroe/Willis
(281) 367-3531
Listed By:
Rowan Halfacre
(281) 367-4341
Source:
Garygreene
Added: May 7
Changed: Sep 7
Last Checked: Sep 8 at 5:18AM
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 Coldwell Banker Realty - Lake Conroe/Willis
Investment Insights
Based on property information with market context.
This duplex consists of two residential units, each with two bedrooms and one bathroom. The layout includes an open living and dining area that flows to the kitchen with a bar counter. The back yards are separated, and each side offers a walk-in storage closet for outdoor items.
The property is located in Deer Park, Texas, and is offered for sale. Walk and bike scores indicate a more car-dependent setting.
For investors and buyers seeking a well-defined two-unit configuration, the separated outdoor space and consistent unit layouts can support straightforward management and leasing.
The property is located in Deer Park, Texas, and is offered for sale. Walk and bike scores indicate a more car-dependent setting.
For investors and buyers seeking a well-defined two-unit configuration, the separated outdoor space and consistent unit layouts can support straightforward management and leasing.
Key Highlights
- Duplex built in 1979 featuring two 2‑bedroom, 1‑bath units
- Separate back yards for each unit, each with a walk‑in storage closet
- Each unit includes an open living and dining area and a kitchen with bar counter
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
$13,082
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
4.03%
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%
$261,640
$261.6K
Cap Rate 7%
$186,886
$186.9K
Cap Rate 9%
$145,356
$145.4K
Market Conditions
NOI Build-Up for 1,712 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
$20.5K $12.00/SF
− Vacancy
−$1.9K −$1.08/SF
EGI
$18.7K $10.92/SF
− OpEx
−$5.6K −$3.27/SF
NOI
$13.1K $7.64/SF
Area
Harris County, TX
Vacancy
9.03%
Lease Rate
$12.00 /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%
$261,640
Cap Rate 7%
$186,886
Cap Rate 9%
$145,356
Alternative Uses
Best Use
Multifamily LT 5
$186.9K
$163.5K – $218.0K
NOI $13,082 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$162.2K
$141.9K – $189.2K
NOI $11,351 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$467.5K
$409.0K – $545.4K
NOI $32,722 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
586
Businesses Nearby
Explore this area
Business Placement
Demographics for 77536, TX
33,693
Population
12,086
Households
2.8
Avg Household Size
37
Median Age
26%
College-Educated
91%
High-School Grad
9.8 sq mi
ZIP Area
3,438
Density / Sq Mi
$96,297
Median Household Income
$49,817
Median Earnings
$1,344
Median Rent
$238,300
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 - Duplex with two 2-bedroom, 1-bath units and separate back yards with walk-in storage closets.
Where is this duplex located?
The property is located at 7434 Aljean Lane Deer Park, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Duplex built in 1979 featuring two 2‑bedroom, 1‑bath units; Separate back yards for each unit, each with a walk‑in storage closet; Each unit includes an open living and dining area and a kitchen with bar counter
