Duplex with Detached
For Sale
$379,900
7817 Easton Street, Houston, TX 77017
Two distinct living areas include a leased loft with kitchenette, full bath, and separate utility features.
Property Size1,762 SF
Price / SF$215.61
Days on Market71
Property Features for 7817 Easton Street
General Information
Standard status
Active
Size
1,762 SF
Total Parking Spaces
8
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1.5BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$7,036
Amenities
private courtyard
deck
garden
electric gate
kitchenette
washer/dryer
Plank,Vinyl
GuestQuarters,Loft,LivingRoom
1
Yes
3
LowEmissivityWindows
Appraiser
HighCeilings,KitchenFamilyRoomCombo,SoakingTub,CeilingFans,Loft,ProgrammableThermostat
Other,SideYard
No
Public
7388
0.1696
Asphalt
Deck,FullyFenced,Patio,Storage
PillarPostPier,Slab
1762
Building Details
Building Size
1,762 SF
Year Built
2004
Buildings
2
Stories
1
Listing Agency:
Integrity Texas Properties
(281) 444-5140
Listed By:
Suzanne Bazemore
(281) 814-9439
Source:
Garygreene
Added: Jun 24
Changed: Aug 30
Last Checked: Aug 31 at 12:52PM
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 Integrity Texas Properties
Investment Insights
Based on property information with market context.
This 1,762-square-foot duplex property, built in 2004, pairs a primary residence with a detached two-story loft. The main home offers 2 bedrooms, 1.5 baths, 16–17 ft ceilings, an open kitchen and living area, and abundant natural light. A private courtyard, deck, garden, and gated parking area accommodating up to 8 vehicles add useful outdoor and access features.
The loft includes an upstairs bedroom, kitchenette, full bath, walk-in closet, and washer/dryer. It is currently leased, while the two areas can remain independent or be connected for combined use. The property is located minutes from 610, I-45, Houston Botanic Garden, Hobby Airport, UH, and Downtown.
The loft includes an upstairs bedroom, kitchenette, full bath, walk-in closet, and washer/dryer. It is currently leased, while the two areas can remain independent or be connected for combined use. The property is located minutes from 610, I-45, Houston Botanic Garden, Hobby Airport, UH, and Downtown.
Key Highlights
- 1,762‑square‑foot duplex property built in 2004
- Main residence includes 2 bedrooms, 1.5 baths, and 16–17 ft ceilings
- Detached two‑story loft with kitchenette, full bath, walk‑in closet, washer/dryer, and upstairs bedroom
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
$23,078
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
6.07%
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%
$461,560
$461.6K
Cap Rate 7%
$329,686
$329.7K
Cap Rate 9%
$256,422
$256.4K
Market Conditions
NOI Build-Up for 1,762 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
$34.9K $19.80/SF
− Vacancy
−$1.9K −$1.09/SF
EGI
$33.0K $18.71/SF
− OpEx
−$9.9K −$5.61/SF
NOI
$23.1K $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%
$461,560
Cap Rate 7%
$329,686
Cap Rate 9%
$256,422
Alternative Uses
Best Use
Multifamily LT 5
$329.7K
$288.5K – $384.6K
NOI $23,078 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$285.2K
$249.5K – $332.7K
NOI $19,962 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$453.1K
$396.5K – $528.6K
NOI $31,716 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
794
Businesses Nearby
Explore this area
Business Placement
Demographics for 77017, TX
31,659
Population
11,281
Households
2.8
Avg Household Size
34
Median Age
10%
College-Educated
59%
High-School Grad
9.6 sq mi
ZIP Area
3,298
Density / Sq Mi
$53,750
Median Household Income
$32,771
Median Earnings
$1,049
Median Rent
$146,600
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 - Two distinct living areas include a leased loft with kitchenette, full bath, and separate utility features.
Where is this duplex located?
The property is located at 7817 Easton Street Houston, TX.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: 1,762‑square‑foot duplex property built in 2004; Main residence includes 2 bedrooms, 1.5 baths, and 16–17 ft ceilings; Detached two‑story loft with kitchenette, full bath, walk‑in closet, washer/dryer, and upstairs bedroom
