Two-Unit
For Sale
$446,000
7810 Booker Street Unit A&B, Houston, TX 77028
Built for flexible rental or owner-occupant use, with no HOA restrictions.
Property Size2,478 SF
Days on Market11
Property Features for 7810 Booker Street Unit A&B
General Information
Standard status
Active
Size
2,478 SF
Property subtype
Multi Family,Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,406
Building Details
Building Size
2,478 SF
Year Built
2026
Listing Agency:
eXp Realty LLC
(832) 205-0423
Listed By:
Lina Monteverde
(832) 205-0423
Source:
Greenwoodking
Added: Aug 14
Changed: Aug 21
Last Checked: Aug 23 at 9:03AM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This two-unit duplex at 7810 Booker Street is scheduled for construction in 2026 and is offered as a residential income property. The configuration supports several stated operating approaches, including occupying one unit while leasing the other, renting both units on a long-term basis, offering mid-term housing to traveling professionals, or leasing rooms individually.
The property is positioned near LBJ Hospital, Downtown Houston, and Generation Park. A second duplex at 7814 Booker Street is also available, creating the option to acquire both properties as a fourplex. No HOA provides additional flexibility for the property’s ownership and leasing plans.
The property is positioned near LBJ Hospital, Downtown Houston, and Generation Park. A second duplex at 7814 Booker Street is also available, creating the option to acquire both properties as a fourplex. No HOA provides additional flexibility for the property’s ownership and leasing plans.
Key Highlights
- Two‑unit duplex at 7810 Booker Street
- Year built: 2026
- No HOA
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
$32,456
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
7.28%
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%
$649,120
$649.1K
Cap Rate 7%
$463,657
$463.7K
Cap Rate 9%
$360,622
$360.6K
Market Conditions
NOI Build-Up for 2,478 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
$49.1K $19.80/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$46.4K $18.71/SF
− OpEx
−$13.9K −$5.61/SF
NOI
$32.5K $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%
$649,120
Cap Rate 7%
$463,657
Cap Rate 9%
$360,622
Alternative Uses
Best Use
Multifamily LT 5
$463.7K
$405.7K – $540.9K
NOI $32,456 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$401.1K
$350.9K – $467.9K
NOI $28,074 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$637.2K
$557.6K – $743.4K
NOI $44,604 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
233
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
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Frequently Asked Questions
What type of property is this?
Duplex - Built for flexible rental or owner-occupant use, with no HOA restrictions.
Where is this duplex located?
The property is located at 7810 Booker Street Unit A&B Houston, TX.
What is the asking price?
The asking price for this property is $446,000.
What are key features of this property?
This property features: Two‑unit duplex at 7810 Booker Street; Year built: 2026; No HOA
