Renovated Two-Unit
For Sale
$485,000
7529 Westover St, Houston, TX 77087
Fully occupied duplex with two renovated two-bedroom, one-bath units, each featuring in-unit washer/dryer and gated parking.
Days on Market9
Property Features for 7529 Westover St
General Information
Standard status
Active
Property subtype
Investment
Occupancy
100%
Lease Term
12 months
Additional Details
Multifamily Units
2
Amenities
garden soaking tub
in-unit washer/dryer
gated parking
Building Details
Building Size
1,975 SF
Year Built
1955
Tenancy
Multi
Listing Agency:
(713) 300-8539
Listed By:
Adam Hunt
(713) 300-8539
Source:
Elliman
Added: Jul 24
Changed: Jul 25
Last Checked: Aug 1 at 7:34AM
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 Adam Hunt
Investment Insights
Based on property information with market context.
This beautifully renovated mid-century duplex is offered fully occupied. It features two matching units with two bedrooms and one bathroom each, with all-new appliances, new cabinetry, and fully refinished interiors throughout. Each unit also includes a garden soaking tub and an in-unit washer/dryer, along with gated parking.
The property is located at 7529 Westover St in Houston, TX 77087. Mobility indicators listed for the area are bikeScore 42 (Somewhat Bikeable), walkScore 52 (Somewhat Walkable), and transitScore 41 (Some Transit).
Buyer should verify all measurements. All information is provided as stated in the remarks, and prospective purchasers are encouraged to conduct their own due diligence.
The property is located at 7529 Westover St in Houston, TX 77087. Mobility indicators listed for the area are bikeScore 42 (Somewhat Bikeable), walkScore 52 (Somewhat Walkable), and transitScore 41 (Some Transit).
Buyer should verify all measurements. All information is provided as stated in the remarks, and prospective purchasers are encouraged to conduct their own due diligence.
Key Highlights
- 1955‑built mid‑century duplex with two renovated 2‑bedroom, 1‑bath units
- Both units are fully renovated with all‑new appliances and new cabinetry
- Each unit includes a garden soaking tub and in‑unit washer/dryer
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.1k | $19.80 |
| − Vacancy | −$2.2k | −$1.09 |
| EGI | $37.0k | $18.71 |
| − OpEx | −$11.1k | −$5.61 |
| NOI | $25.9k | $13.10 |
1,975 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$369.5K
$323.4K – $431.1K
NOI $25,868 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$319.6K
$279.7K – $372.9K
NOI $22,375 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$507.9K
$444.4K – $592.5K
NOI $35,550 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
562
Businesses Nearby
Explore this area
Business Placement
Demographics for 77087, TX
34,654
Population
12,400
Households
2.8
Avg Household Size
35
Median Age
12%
College-Educated
63%
High-School Grad
6.6 sq mi
ZIP Area
5,251
Density / Sq Mi
$53,624
Median Household Income
$32,927
Median Earnings
$1,015
Median Rent
$148,400
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 - Fully occupied duplex with two renovated two-bedroom, one-bath units, each featuring in-unit washer/dryer and gated parking.
Where is this duplex located?
The property is located at 7529 Westover St Houston, TX.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 1955‑built mid‑century duplex with two renovated 2‑bedroom, 1‑bath units; Both units are fully renovated with all‑new appliances and new cabinetry; Each unit includes a garden soaking tub and in‑unit washer/dryer
