Mid-Century Duplex with Dual
For Sale
$457,500
7537 Westover Street, Houston, TX 77087
Duplex offers one vacant unit and one tenant-occupied side, complemented by modern, low-maintenance finishes.
Property Size1,975 SF
Price / SF$231.65
Days on Market96
Property Features for 7537 Westover Street
General Information
Standard status
Active
Size
1,975 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Golfcrest / Bellfort / Reveille
Amenities
Plank,Tile,Vinyl
Yes
1
2
Window Coverings
Owner
Window Treatments,Ceiling Fan(s)
Cleared
10252
One
Appraiser
Electric Gate
1975
Building Details
Building Size
1,975 SF
Year Built
1955
Stories
1
Listing Agency:
Womack Development & Investment Realtors
(713) 461-6800
Listed By:
Bob Duerer
(713) 825-9090
Source:
Garygreene
Added: Jul 22
Changed: Oct 25
Last Checked: Oct 24 at 2:49PM
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 Womack Development & Investment Realtors
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Investment Insights
Based on property information with market context.
This mid-century duplex features two separate units, with one unit currently vacant and the other tenant-occupied. The property is described as having modern, low-maintenance finishes, making it well-suited for an owner-occupant arrangement where part of the income can help offset monthly housing costs.
The property is located at 7537 Westover St in Houston, TX 77087. WalkScore is listed at 52 (Somewhat Walkable), bikeScore at 42 (Somewhat Bikeable), and transitScore at 41 (Some Transit).
The seller’s remarks highlight the duplex as an “ideal candidate” for an FHA loan, with the concept of moving into the vacant unit while the tenant-occupied side helps cover the mortgage. Buyer to verify all measurements.
The property is located at 7537 Westover St in Houston, TX 77087. WalkScore is listed at 52 (Somewhat Walkable), bikeScore at 42 (Somewhat Bikeable), and transitScore at 41 (Some Transit).
The seller’s remarks highlight the duplex as an “ideal candidate” for an FHA loan, with the concept of moving into the vacant unit while the tenant-occupied side helps cover the mortgage. Buyer to verify all measurements.
Key Highlights
- 1955‑built duplex with one vacant unit and one tenant‑occupied side
- FHA loan suitability mentioned: buyer can move into the vacant unit while the tenant‑occupied side helps cover the mortgage
- Described as mid‑century property with modern, low‑maintenance finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,868
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,360
$517.4K
Cap Rate 7%
$369,543
$369.5K
Cap Rate 9%
$287,422
$287.4K
Market Conditions
NOI Build-Up for 1,975 SF
Gross rent
$39.1K $19.80/SF
− Vacancy
−$2.2K −$1.09/SF
EGI
$37.0K $18.71/SF
− OpEx
−$11.1K −$5.61/SF
NOI
$25.9K $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 Rate 5%
$517,360
Cap Rate 7%
$369,543
Cap Rate 9%
$287,422
Alternative Uses
Best Use
Multifamily LT 5
$369.5K
$323.4K – $431.1K
NOI $25,868 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$319.6K
$279.7K – $372.9K
NOI $22,375 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$507.9K
$444.4K – $592.5K
NOI $35,550 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
562
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex offers one vacant unit and one tenant-occupied side, complemented by modern, low-maintenance finishes.
Where is this duplex located?
The property is located at 7537 Westover Street Houston, TX.
What is the asking price?
The asking price for this property is $457,500.
What are key features of this property?
This property features: 1955‑built duplex with one vacant unit and one tenant‑occupied side; FHA loan suitability mentioned: buyer can move into the vacant unit while the tenant‑occupied side helps cover the mortgage; Described as mid‑century property with modern, low‑maintenance finishes
