Duplex With Two 2BR
For Sale
$424,995
7912 Bowen Street, Houston, TX 77051
Duplex offers two 2-bed, 2-bath units, with one currently occupied and appliances including washer/dryer included.
Property Size1,746 SF
Price / SF$243.41
Days on Market34
Property Features for 7912 Bowen Street
General Information
Standard status
Active
Size
1,746 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,279
Amenities
Yes
2
Appraiser
5000
1746
Building Details
Building Size
1,746 SF
Year Built
2024
Stories
1
Listing Agency:
Hegemeyer Realty & Associates
(713) 494-6576
Listed By:
Randall Custer · License #0688971
(713) 494-6576
Source:
Garygreene
Added: Jul 22
Changed: Aug 23
Last Checked: Aug 24 at 3:46AM
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 Hegemeyer Realty & Associates
Investment Insights
Based on property information with market context.
This duplex includes two separate 2-bedroom, 2-bath units. Unit A is currently occupied, while Unit B is vacant and available for an owner-occupant or new tenant. Refrigerators and washer/dryer units will stay with the property.
Broker-provided mobility metrics indicate a Bikeable lifestyle (Bike Score 55) and Somewhat Walkable access (Walk Score 53). Transit availability is reported as moderate (Transit Score 46).
The property’s existing configuration supports either continued rental income or owner occupancy with a separate unit, depending on how Unit B is used after the current vacancy.
Broker-provided mobility metrics indicate a Bikeable lifestyle (Bike Score 55) and Somewhat Walkable access (Walk Score 53). Transit availability is reported as moderate (Transit Score 46).
The property’s existing configuration supports either continued rental income or owner occupancy with a separate unit, depending on how Unit B is used after the current vacancy.
Key Highlights
- 2024‑built duplex with two 2‑bed, 2‑bath units (YearBuilt: 2024).
- Unit A is occupied for $1,550/month; Unit B is vacant and available for an owner‑occupant.
- Refrigerator and washer/dryer will stay with the property.
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
$22,869
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
5.38%
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%
$457,380
$457.4K
Cap Rate 7%
$326,700
$326.7K
Cap Rate 9%
$254,100
$254.1K
Market Conditions
NOI Build-Up for 1,746 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
$34.6K $19.80/SF
− Vacancy
−$1.9K −$1.09/SF
EGI
$32.7K $18.71/SF
− OpEx
−$9.8K −$5.61/SF
NOI
$22.9K $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 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%
$457,380
Cap Rate 7%
$326,700
Cap Rate 9%
$254,100
Alternative Uses
Best Use
Multifamily LT 5
$326.7K
$285.9K – $381.2K
NOI $22,869 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$282.6K
$247.3K – $329.7K
NOI $19,781 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$449.0K
$392.9K – $523.8K
NOI $31,428 @ 7.0% cap · market cap 7.39%
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
348
Businesses Nearby
Explore this area
Business Placement
Demographics for 77051, TX
18,323
Population
7,453
Households
2.5
Avg Household Size
34
Median Age
15%
College-Educated
78%
High-School Grad
7.4 sq mi
ZIP Area
2,476
Density / Sq Mi
$40,030
Median Household Income
$31,914
Median Earnings
$1,332
Median Rent
$171,900
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 - Duplex offers two 2-bed, 2-bath units, with one currently occupied and appliances including washer/dryer included.
Where is this duplex located?
The property is located at 7912 Bowen Street Houston, TX.
What is the asking price?
The asking price for this property is $424,995.
What are key features of this property?
This property features: 2024‑built duplex with two 2‑bed, 2‑bath units (YearBuilt: 2024).; Unit A is occupied for $1,550/month; Unit B is vacant and available for an owner‑occupant.; Refrigerator and washer/dryer will stay with the property.
