Two-Story Duplex with
For Sale
$699,990
8011 Bowen Street A-B, Houston, TX 77051
Mirrored units feature private en-suite bedrooms and open-concept living areas.
Property Size3,830 SF
Price / SF$182.77
Days on Market54
Property Features for 8011 Bowen Street A-B
General Information
Standard status
Active
Size
3,830 SF
Total Parking Spaces
4
Property subtype
Residential Income
Amenities
Electric
Natural Gas
ENERGY STAR Qualified Appliances, Water Heater, Disposal, Microwave, Dishwasher
Smart Thermostat
Balcony
Building Details
Building Size
3,830 SF
Year Built
2026
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
The Goldstein Group LLC
Listed By:
Chinonso Ochi-Okorie · License #0559334
(832) 380-4541
Source:
Evrealestate
Added: Jul 30
Changed: Sep 20
Last Checked: Sep 21 at 5:04AM
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 The Goldstein Group LLC
Investment Insights
Based on property information with market context.
This duplex is nearly complete and includes two mirrored, two-story units. Each unit offers approximately 1,915 square feet of living space, with three bedrooms, 3.5 bathrooms, and a two-car garage. Every bedroom has a private en-suite bathroom, while the floor plans include a first-floor living room, second-floor den, and two kitchen pantries.
Interior features include open-concept living areas, herringbone flooring, illuminated stairs, built-in illuminated bookshelves in the den, custom slat accent walls, a linear electric fireplace, glass-front kitchen cabinetry, designer lighting, and contemporary finishes. The exterior features double full-view glass garage doors. The property is located at 8011 Bowen St A-B in Houston, Texas, and carries a 2026 year built designation.
Interior features include open-concept living areas, herringbone flooring, illuminated stairs, built-in illuminated bookshelves in the den, custom slat accent walls, a linear electric fireplace, glass-front kitchen cabinetry, designer lighting, and contemporary finishes. The exterior features double full-view glass garage doors. The property is located at 8011 Bowen St A-B in Houston, Texas, and carries a 2026 year built designation.
Key Highlights
- Two mirrored two‑story duplex units
- Approximately 1,915 sqft per unit
- Each unit includes 3 bedrooms and 3.5 bathrooms
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
$50,164
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
7.17%
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%
$1,003,280
$1.0M
Cap Rate 7%
$716,629
$716.6K
Cap Rate 9%
$557,378
$557.4K
Market Conditions
NOI Build-Up for 3,830 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
$75.8K $19.80/SF
− Vacancy
−$4.2K −$1.09/SF
EGI
$71.7K $18.71/SF
− OpEx
−$21.5K −$5.61/SF
NOI
$50.2K $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%
$1,003,280
Cap Rate 7%
$716,629
Cap Rate 9%
$557,378
Alternative Uses
Best Use
Multifamily LT 5
$716.6K
$627.1K – $836.1K
NOI $50,164 @ 7.0% cap · market cap 7.17%
Second Best
Apartment 5plus
$619.9K
$542.4K – $723.2K
NOI $43,391 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$984.9K
$861.8K – $1.15M
NOI $68,940 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
434
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 - Mirrored units feature private en-suite bedrooms and open-concept living areas.
Where is this duplex located?
The property is located at 8011 Bowen Street A-B Houston, TX.
What is the asking price?
The asking price for this property is $699,990.
What are key features of this property?
This property features: Two mirrored two‑story duplex units; Approximately 1,915 sqft per unit; Each unit includes 3 bedrooms and 3.5 bathrooms
