New Houston Duplex For
For Sale
$430,000
Pending
9214 Madera Rd, Houston, TX 77078
New two-story duplex in Houston, ideal for owner-occupants or investors.
Property Size2,592 SF
Lot Size0.16 Acres
Days on Market161
Property Features for 9214 Madera Rd
General Information
Standard status
Pending
Size
2,592 SF
Lot size
0.16 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$1,048
Building Details
Building Size
2,592 SF
Year Built
2026
Stories
2
Units
2
Listing Agency:
(832) 455-4974
Listed By:
Yolanda Rocha-Joseph
(832) 455-4974
Source:
Elliman
Added: Mar 24
Changed: Aug 22
Last Checked: Aug 30 at 6:39PM
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 Yolanda Rocha-Joseph
Investment Insights
Based on property information with market context.
This newly constructed two-story duplex presents an opportunity for generational wealth. The property features modern design with luxury vinyl plank flooring, 9-foot ceilings, upscale fixtures, and statement lighting. Each unit includes 3 bedrooms and 2 full baths. The kitchens are equipped with quartz countertops and spacious 42-inch cabinetry. An appliance package, including a refrigerator, is included in each unit. The property is suitable for owner-occupants or investors seeking new construction in a growing Houston area.
Key Highlights
- Newly constructed duplex: Offers modern design and lasting value.
- Two units, each with 3 bedrooms and 2 full baths: Provides flexibility for owner‑occupancy and rental income.
- Appliance package included: Each unit comes equipped with a refrigerator.
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
$33,949
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
7.90%
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%
$678,980
$679.0K
Cap Rate 7%
$484,986
$485.0K
Cap Rate 9%
$377,211
$377.2K
Market Conditions
NOI Build-Up for 2,592 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
$51.3K $19.80/SF
− Vacancy
−$2.8K −$1.09/SF
EGI
$48.5K $18.71/SF
− OpEx
−$14.5K −$5.61/SF
NOI
$33.9K $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%
$678,980
Cap Rate 7%
$484,986
Cap Rate 9%
$377,211
Alternative Uses
Best Use
Multifamily LT 5
$485.0K
$424.4K – $565.8K
NOI $33,949 @ 7.0% cap · market cap 7.90%
Second Best
Apartment 5plus
$419.5K
$367.1K – $489.4K
NOI $29,365 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$666.5K
$583.2K – $777.6K
NOI $46,656 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
Explore this area
Business Placement
Demographics for 77078, TX
14,855
Population
5,607
Households
2.6
Avg Household Size
33
Median Age
12%
College-Educated
73%
High-School Grad
10.3 sq mi
ZIP Area
1,442
Density / Sq Mi
$38,838
Median Household Income
$28,600
Median Earnings
$1,336
Median Rent
$151,500
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 - New two-story duplex in Houston, ideal for owner-occupants or investors.
Where is this duplex located?
The property is located at 9214 Madera Rd Houston, TX.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Newly constructed duplex: Offers modern design and lasting value.; Two units, each with **3 bedrooms and 2 full baths**: Provides flexibility for owner‑occupancy and rental income.; Appliance package included: Each unit comes equipped with a refrigerator.
