Two-Unit Residential Income
For Sale
$424,995
7914 Bowen Street, Houston, TX 77051
Each unit features 2 bedrooms and 2 bathrooms, with separate utilities and month-to-month occupancy terms.
Property Size1,746 SF
Price / SF$243.41
Days on Market51
Property Features for 7914 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:
Keller Williams Preferred
(281) 486-1900
Listed By:
Michelle Coppock
(832) 293-8003
Source:
Garygreene
Added: Jul 22
Changed: Sep 9
Last Checked: Sep 10 at 7:02AM
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 Keller Williams Preferred
Investment Insights
Based on property information with market context.
This two-unit residential income property offers two bedrooms and two bathrooms in each unit. Unit A and Unit B are each configured similarly, with the advantage of separate utilities. The property is being offered with a refrigerator and washer/dryer remaining with the home.
Unit A and Unit B are currently leased month to month, which may appeal to an owner-occupant scenario. Unit B of 7912 Bowen is reported as vacant and can be viewed.
For tenants or buyers seeking a straightforward duplex-style setup, the existing 2/2 layout in both units and the month-to-month leases support flexible near-term plans.
Unit A and Unit B are currently leased month to month, which may appeal to an owner-occupant scenario. Unit B of 7912 Bowen is reported as vacant and can be viewed.
For tenants or buyers seeking a straightforward duplex-style setup, the existing 2/2 layout in both units and the month-to-month leases support flexible near-term plans.
Key Highlights
- 2024 build featuring 2 bed/2 bath in each unit
- Unit A and Unit B are leased month‑to‑month (Unit A and B occupied at $1,565)
- Month‑to‑month leases can support owner occupancy; Unit B at 7912 Bowen is vacant and available to view
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
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Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each unit features 2 bedrooms and 2 bathrooms, with separate utilities and month-to-month occupancy terms.
Where is this duplex located?
The property is located at 7914 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 build featuring 2 bed/2 bath in each unit; Unit A and Unit B are leased month‑to‑month (Unit A and B occupied at $1,565); Month‑to‑month leases can support owner occupancy; Unit B at 7912 Bowen is vacant and available to view
