Modern Duplex With Open
For Sale
$380,000
7906 Sexton Street, Houston, TX 77028
Built in 2023, the property combines contemporary finishes with an open living arrangement and an equipped kitchen.
Property Size2,456 SF
Days on Market176
Property Features for 7906 Sexton Street
General Information
Standard status
Active
Size
2,456 SF
Property subtype
Multi Family,Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Building Size
2,456 SF
Year Built
2023
Listing Agency:
Agenda Realty
(281) 730-4771
Listed By:
India Thierry
(281) 730-4771
Source:
Greenwoodking
Added: Mar 1
Changed: Aug 20
Last Checked: Aug 24 at 12:40PM
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 Agenda Realty
Investment Insights
Based on property information with market context.
Completed in 2023, this duplex offers a three-bedroom, two-bathroom configuration with contemporary finishes and an open living area. The kitchen is appointed with soft-close cabinetry, granite countertops, and stainless steel appliances, providing a defined set of modern interior improvements.
The property is positioned near Highway 610, Highway 59, and the Hardy Toll Road, with downtown Houston approximately 15 minutes away. Its combination of bedroom and bathroom count, updated kitchen features, and recent construction creates a straightforward residential income property profile.
The property is positioned near Highway 610, Highway 59, and the Hardy Toll Road, with downtown Houston approximately 15 minutes away. Its combination of bedroom and bathroom count, updated kitchen features, and recent construction creates a straightforward residential income property profile.
Key Highlights
- Duplex completed in 2023
- Three‑bedroom, two‑bathroom configuration
- Open‑concept living area
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
$32,168
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
8.47%
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%
$643,360
$643.4K
Cap Rate 7%
$459,543
$459.5K
Cap Rate 9%
$357,422
$357.4K
Market Conditions
NOI Build-Up for 2,456 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
$48.6K $19.80/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$46.0K $18.71/SF
− OpEx
−$13.8K −$5.61/SF
NOI
$32.2K $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%
$643,360
Cap Rate 7%
$459,543
Cap Rate 9%
$357,422
Alternative Uses
Best Use
Multifamily LT 5
$459.5K
$402.1K – $536.1K
NOI $32,168 @ 7.0% cap · market cap 8.47%
Second Best
Apartment 5plus
$397.5K
$347.8K – $463.7K
NOI $27,824 @ 7.0% cap · market cap 7.32%
Theoretical Best
Office A
$631.5K
$552.6K – $736.8K
NOI $44,208 @ 7.0% cap · market cap 11.63%
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
205
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 in 2023, the property combines contemporary finishes with an open living arrangement and an equipped kitchen.
Where is this duplex located?
The property is located at 7906 Sexton Street Houston, TX.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Duplex completed in 2023; Three‑bedroom, two‑bathroom configuration; Open‑concept living area
