Newly Built
For Sale
$409,944
8512 Farqueson Street, Houston, TX 77029
Completed in 2025 with a two-unit residential configuration.
Property Size2,488 SF
Price / SF$164.77
Days on Market48
Property Features for 8512 Farqueson Street
General Information
Standard status
Active
Size
2,488 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$1,036
Amenities
Electric, Gas
Electric, Natural Gas
Building Details
Building Size
2,488 SF
Year Built
2025
Stories
1
Listing Agency:
Angel Pro Real Estate LLC
Listed By:
Tiffany Thibodeaux
(832) 306-6524
Source:
Evrealestate
Added: Jul 17
Changed: Aug 31
Last Checked: Aug 31 at 2:30PM
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 Angel Pro Real Estate LLC
Investment Insights
Based on property information with market context.
This duplex property contains 2,488 square feet and was built in 2025, offering a newly constructed two-unit residential asset. The available property information identifies the building as a duplex without providing further details on unit layouts or interior finishes.
The property is located at 8512 Farqueson Street in Houston, Texas 77029, within Harris County. Access from downtown Houston includes I-10 E, East Freeway Service Road, US-90 ALT E, McCarty Street, and Farqueson Street.
The property is located at 8512 Farqueson Street in Houston, Texas 77029, within Harris County. Access from downtown Houston includes I-10 E, East Freeway Service Road, US-90 ALT E, McCarty Street, and Farqueson Street.
Key Highlights
- 2,488 SF duplex property
- Built in 2025
- Two‑unit residential configuration
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
$32,587
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
7.95%
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%
$651,740
$651.7K
Cap Rate 7%
$465,529
$465.5K
Cap Rate 9%
$362,078
$362.1K
Market Conditions
NOI Build-Up for 2,488 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
$49.3K $19.80/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$46.6K $18.71/SF
− OpEx
−$14.0K −$5.61/SF
NOI
$32.6K $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%
$651,740
Cap Rate 7%
$465,529
Cap Rate 9%
$362,078
Alternative Uses
Best Use
Multifamily LT 5
$465.5K
$407.3K – $543.1K
NOI $32,587 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$402.7K
$352.3K – $469.8K
NOI $28,187 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$639.8K
$559.8K – $746.4K
NOI $44,784 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Explore this area
Business Placement
Demographics for 77029, TX
17,044
Population
6,386
Households
2.7
Avg Household Size
36
Median Age
9%
College-Educated
62%
High-School Grad
10.6 sq mi
ZIP Area
1,608
Density / Sq Mi
$49,601
Median Household Income
$32,614
Median Earnings
$1,129
Median Rent
$115,400
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 - Completed in 2025 with a two-unit residential configuration.
Where is this duplex located?
The property is located at 8512 Farqueson Street Houston, TX.
What is the asking price?
The asking price for this property is $409,944.
What are key features of this property?
This property features: 2,488 SF duplex property; Built in 2025; Two‑unit residential configuration
