Fully Occupied Duplex
New
For Sale
$549,000
7634 Crofton St, Houston, TX 77028
Multi-unit residential property totaling 3,624 square feet, fully occupied and generating immediate rental income.
Property Size3,624 SF
Price / SF$151.49
Days on Market7
Property Features for 7634 Crofton St
General Information
Standard status
Active
Size
3,624 SF
Property subtype
Investment
Occupancy
100%
Building Details
Building Size
3,597 SF
Year Built
2024
Tenancy
Multi
Listing Agency:
(580) 917-6784
Listed By:
Trebor Hogue · License #0766440
(580) 917-6784
Source:
Elliman
Added: Jul 25
Changed: Jul 26
Last Checked: Jul 29 at 10:26AM
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 Trebor Hogue
Investment Insights
Based on property information with market context.
This fully occupied multi-unit investment property offers a total of 3,624 square feet. The current configuration includes 4 bedrooms and 3 bathrooms across multiple units, and the property is stated as 100% occupied.
The location is described with bikeScore of 28 (Somewhat Bikeable), walkScore of 5 (Car-Dependent), and transitScore of 37 (Some Transit). This information supports a car-oriented day-to-day environment for residents.
For buyers seeking an income-producing residential asset, the property is presented as an opportunity with immediate rental income based on its current occupancy status.
The location is described with bikeScore of 28 (Somewhat Bikeable), walkScore of 5 (Car-Dependent), and transitScore of 37 (Some Transit). This information supports a car-oriented day-to-day environment for residents.
For buyers seeking an income-producing residential asset, the property is presented as an opportunity with immediate rental income based on its current occupancy status.
Key Highlights
- Multi‑unit residential property built in 2024 with 3,624 SF total
- Fully occupied at 100% occupancy, generating immediate rental income
- 4 bedrooms and 3 bathrooms across multiple units
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 | $71.8k | $19.80 |
| − Vacancy | −$3.9k | −$1.09 |
| EGI | $67.8k | $18.71 |
| − OpEx | −$20.3k | −$5.61 |
| NOI | $47.5k | $13.10 |
3,624 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$678.1K
$593.3K – $791.1K
NOI $47,466 @ 7.0% cap · market cap 8.65%
Second Best
Apartment 5plus
$586.5K
$513.2K – $684.3K
NOI $41,057 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$931.9K
$815.4K – $1.09M
NOI $65,232 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
391
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Multi-unit residential property totaling 3,624 square feet, fully occupied and generating immediate rental income.
Where is this duplex located?
The property is located at 7634 Crofton St Houston, TX.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Multi‑unit residential property built in 2024 with 3,624 SF total; Fully occupied at 100% occupancy, generating immediate rental income; 4 bedrooms and 3 bathrooms across multiple units
