New Construction Duplex
For Sale
$340,000
9807 Bamboo Road B, Houston, TX 77041
Contemporary residence with an open living area, quartz-style kitchen surfaces, upper-level bedrooms, and an attached garage.
Property Size1,998 SF
Price / SF$170.17
Days on Market8
Property Features for 9807 Bamboo Road B
General Information
Standard status
Active
Size
1,998 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,712
Amenities
Kitchen,Living Room,Utility Room
1
Yes
3
4
Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup
Builder
All Bedrooms Up,Double Vanity,Kitchen Island,Kitchen/Family Room Combo,Soaking Tub,Separate Shower,Tub Shower,Upper Level Primary,Walk-In Pantry,Walk-In Closet(s),Kitchen/Dining Combo
Subdivision
No
Public
3500
0.1607
Other
Attached,Garage
Slab
1998
Building Details
Building Size
1,998 SF
Year Built
2025
Stories
2
Listing Agency:
Call It Closed Int'l Realty
(281) 384-5808
Listed By:
Ann Coates
(281) 384-5808
Source:
Garygreene
Added: Aug 17
Changed: Aug 24
Last Checked: Aug 24 at 3:41AM
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 Call It Closed Int'l Realty
Investment Insights
Based on property information with market context.
Completed in 2025, this 1,998-square-foot duplex unit combines a contemporary interior with a practical two-level layout. The main floor includes connected living, dining, and kitchen areas, white cabinetry, quartz-style countertops, a center island, wood-look tile flooring, an indoor utility room, and storage. French doors provide access to the backyard, while the attached garage adds everyday convenience.
Bedrooms are located upstairs and feature ceiling fans, with the primary suite offering a walk-in closet. The bathrooms include modern fixtures, double vanities, a soaking tub, and separate shower arrangements. Unit B at 9807 Bamboo Road is identified as available, providing a residential income property configuration within Houston, Texas 77041.
Bedrooms are located upstairs and feature ceiling fans, with the primary suite offering a walk-in closet. The bathrooms include modern fixtures, double vanities, a soaking tub, and separate shower arrangements. Unit B at 9807 Bamboo Road is identified as available, providing a residential income property configuration within Houston, Texas 77041.
Key Highlights
- 1,998‑square‑foot duplex unit completed in 2025
- Open‑concept living, dining, and kitchen arrangement
- Kitchen with white cabinetry, quartz‑style countertops, and center island
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
$26,169
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
7.70%
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%
$523,380
$523.4K
Cap Rate 7%
$373,843
$373.8K
Cap Rate 9%
$290,767
$290.8K
Market Conditions
NOI Build-Up for 1,998 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
$39.6K $19.80/SF
− Vacancy
−$2.2K −$1.09/SF
EGI
$37.4K $18.71/SF
− OpEx
−$11.2K −$5.61/SF
NOI
$26.2K $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%
$523,380
Cap Rate 7%
$373,843
Cap Rate 9%
$290,767
Alternative Uses
Best Use
Multifamily LT 5
$373.8K
$327.1K – $436.2K
NOI $26,169 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$323.4K
$283.0K – $377.3K
NOI $22,636 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$513.8K
$449.6K – $599.4K
NOI $35,964 @ 7.0% cap · market cap 10.58%
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
586
Businesses Nearby
Explore this area
Business Placement
Demographics for 77041, TX
35,958
Population
11,877
Households
3
Avg Household Size
38
Median Age
38%
College-Educated
84%
High-School Grad
18.9 sq mi
ZIP Area
1,903
Density / Sq Mi
$79,164
Median Household Income
$40,991
Median Earnings
$1,638
Median Rent
$269,000
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 - Contemporary residence with an open living area, quartz-style kitchen surfaces, upper-level bedrooms, and an attached garage.
Where is this duplex located?
The property is located at 9807 Bamboo Road B Houston, TX.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 1,998‑square‑foot duplex unit completed in 2025; Open‑concept living, dining, and kitchen arrangement; Kitchen with white cabinetry, quartz‑style countertops, and center island
