Furnished Duplex Near
For Sale
$349,000
903 Mcintosh Street, Houston, TX 77009
Two furnished rental units feature updated finishes and convenient access to downtown amenities and transit.
Property Size1,260 SF
Price / SF$276.98
Days on Market9
Property Features for 903 Mcintosh Street
General Information
Standard status
Active
Size
1,260 SF
Property subtype
Multi-Family
Additional Details
Furnished
Yes
Gross Income
$40,000
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,582
Amenities
Vinyl,Wood,Hardwood
Yes
2
Furnished
Window Coverings
Appraiser
Furnished,Granite Counters,Window Treatments,Ceiling Fan(s),Programmable Thermostat
3084
Two
58X44
1260
Building Details
Building Size
1,260 SF
Year Built
1950
Stories
1
Listing Agency:
Legacy Broker Group
(713) 494-6576
Listed By:
Randall Custer
(713) 494-6576
Source:
Garygreene
Added: Aug 25
Changed: Sep 2
Last Checked: Sep 1 at 4:49PM
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 Legacy Broker Group
Investment Insights
Based on property information with market context.
This 1950 duplex contains two furnished rental units within 1260 square feet. The property is equipped with granite counters, window treatments, ceiling fans, programmable thermostats, and a mix of vinyl, wood, and hardwood surfaces. Recent work includes a roof approximately 2 years old, electrical updates, fresh paint, new locks, hardware, and additional finish improvements. Furniture and staging convey with the sale.
Each unit offers parking for 2+ cars. Located at 903 McIntosh Street in Houston, the duplex is near Downtown Houston and steps from Metrorail, with access to downtown restaurants, bars, sports stadiums, nightlife, and Northside eateries and coffee shops. Both units have operated as Airbnb/Vrbo rentals, providing an established furnished-rental configuration for continued use.
Each unit offers parking for 2+ cars. Located at 903 McIntosh Street in Houston, the duplex is near Downtown Houston and steps from Metrorail, with access to downtown restaurants, bars, sports stadiums, nightlife, and Northside eateries and coffee shops. Both units have operated as Airbnb/Vrbo rentals, providing an established furnished-rental configuration for continued use.
Key Highlights
- Two‑unit duplex with 1260 square feet
- Furnished units with furniture and staging included
- Roof approximately 2 years old
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
$16,503
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
4.73%
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%
$330,060
$330.1K
Cap Rate 7%
$235,757
$235.8K
Cap Rate 9%
$183,367
$183.4K
Market Conditions
NOI Build-Up for 1,260 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
$24.9K $19.80/SF
− Vacancy
−$1.4K −$1.09/SF
EGI
$23.6K $18.71/SF
− OpEx
−$7.1K −$5.61/SF
NOI
$16.5K $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%
$330,060
Cap Rate 7%
$235,757
Cap Rate 9%
$183,367
Alternative Uses
Best Use
Multifamily LT 5
$235.8K
$206.3K – $275.1K
NOI $16,503 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$203.9K
$178.4K – $237.9K
NOI $14,275 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$324.0K
$283.5K – $378.0K
NOI $22,680 @ 7.0% cap · market cap 6.50%
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
939
Businesses Nearby
Explore this area
Business Placement
Demographics for 77009, TX
36,425
Population
17,890
Households
2
Avg Household Size
37
Median Age
39%
College-Educated
78%
High-School Grad
6.2 sq mi
ZIP Area
5,875
Density / Sq Mi
$81,921
Median Household Income
$49,446
Median Earnings
$1,229
Median Rent
$403,600
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 - Two furnished rental units feature updated finishes and convenient access to downtown amenities and transit.
Where is this duplex located?
The property is located at 903 Mcintosh Street Houston, TX.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Two‑unit duplex with 1260 square feet; Furnished units with furniture and staging included; Roof approximately 2 years old
