Two-Story Fourplex with Private
For Sale
$889,000
9130 Vogue Lane, Houston, TX 77080
Fully occupied multifamily property with identical three-bedroom residences, assigned parking, guest spaces, and shared outdoor space.
Property Size5,092 SF
Days on Market34
Property Features for 9130 Vogue Lane
General Information
Standard status
Active
Size
5,092 SF
Total Parking Spaces
10
Property subtype
Multi Family,Quadruplex
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$19,760
Amenities
community yard
private patio
storage space
Building Details
Building Size
5,092 SF
Year Built
1982
Tenancy
Multi
Listing Agency:
The Jake Moore Group
(541) 360-2633
Listed By:
Timothy DeMichele
(541) 360-2633
Source:
Nancyalmodovar
Added: Jul 29
Changed: Aug 26
Last Checked: Aug 30 at 9:37PM
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 Jake Moore Group
Investment Insights
Based on property information with market context.
Built in 1982, this fourplex includes four identical two-story units, each measuring 1,273 square feet with three bedrooms, two bathrooms, and storage space equivalent to a rentable storage unit. Every residence also includes a private, fenced 180-square-foot patio. The property is fully occupied, with 100% occupancy reported.
A concrete ten-stall parking lot provides two assigned stalls per unit and two guest stalls. Residents also have access to a private grass community yard. The property is located at 9130 Vogue Ln in Houston, Texas, within the Houston metro area. WalkScore is 32, BikeScore is 49, and TransitScore is 32.
A concrete ten-stall parking lot provides two assigned stalls per unit and two guest stalls. Residents also have access to a private grass community yard. The property is located at 9130 Vogue Ln in Houston, Texas, within the Houston metro area. WalkScore is 32, BikeScore is 49, and TransitScore is 32.
Key Highlights
- Four identical 1,273‑square‑foot units with three bedrooms and two bathrooms each
- Two‑story layouts with storage space equivalent to a rentable storage unit
- Private, fenced 180‑square‑foot patio for each unit
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
$66,693
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
7.50%
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%
$1,333,860
$1.3M
Cap Rate 7%
$952,757
$952.8K
Cap Rate 9%
$741,033
$741.0K
Market Conditions
NOI Build-Up for 5,092 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
$100.8K $19.80/SF
− Vacancy
−$5.5K −$1.09/SF
EGI
$95.3K $18.71/SF
− OpEx
−$28.6K −$5.61/SF
NOI
$66.7K $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%
$1,333,860
Cap Rate 7%
$952,757
Cap Rate 9%
$741,033
Alternative Uses
Best Use
Multifamily LT 5
$952.8K
$833.7K – $1.11M
NOI $66,693 @ 7.0% cap · market cap 7.50%
Second Best
Apartment 5plus
$824.1K
$721.1K – $961.5K
NOI $57,688 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,656 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
763
Businesses Nearby
Explore this area
Business Placement
Demographics for 77080, TX
45,428
Population
17,394
Households
2.6
Avg Household Size
33
Median Age
27%
College-Educated
68%
High-School Grad
6.4 sq mi
ZIP Area
7,098
Density / Sq Mi
$63,056
Median Household Income
$33,658
Median Earnings
$1,253
Median Rent
$311,600
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?
Quadplex - Fully occupied multifamily property with identical three-bedroom residences, assigned parking, guest spaces, and shared outdoor space.
Where is this quadplex located?
The property is located at 9130 Vogue Lane Houston, TX.
What is the asking price?
The asking price for this property is $889,000.
What are key features of this property?
This property features: Four identical 1,273‑square‑foot units with three bedrooms and two bathrooms each; Two‑story layouts with storage space equivalent to a rentable storage unit; Private, fenced 180‑square‑foot patio for each unit
