Modern Duplex with Covered
For Sale
$384,000
A-b-113 Bolden St, Houston, TX 77029
Two residences offer open layouts, natural light, and practical kitchens for daily living.
Property Size2,030 SF
Price / SF$189.16
Days on Market14
Property Features for A-b-113 Bolden St
General Information
Standard status
Active
Size
2,030 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
covered patio/deck
Building Details
Buildings
1
Listing Agency:
HomeSmart
(713) 785-6666
Listed By:
Alfredo Zavala · License #0628571
(713) 203-8229
Source:
Exprealty
Added: Aug 26
Changed: Sep 7
Last Checked: Sep 7 at 2:36PM
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 HomeSmart
Investment Insights
Based on property information with market context.
This modern duplex contains 2,030 square feet, with each residence offering 3 bedrooms and 2 full bathrooms. Both units feature open-concept living, dining, and kitchen areas, large windows, neutral finishes, ample cabinetry, and generous counter space. Each residence also includes a covered patio or deck for outdoor use.
The property is minutes from major freeways and several employment and activity centers, including Downtown, the Medical Center, East River Development, Hobby Airport, refineries, and Daikin Park. Its two-unit configuration and consistent layouts provide a straightforward residential income property format with comfortable living areas in each residence.
The property is minutes from major freeways and several employment and activity centers, including Downtown, the Medical Center, East River Development, Hobby Airport, refineries, and Daikin Park. Its two-unit configuration and consistent layouts provide a straightforward residential income property format with comfortable living areas in each residence.
Key Highlights
- Duplex with 2,030 square feet
- Each unit has 3 bedrooms and 2 full bathrooms
- Open‑concept living, dining, and kitchen areas in both units
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
$26,588
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
6.92%
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%
$531,760
$531.8K
Cap Rate 7%
$379,829
$379.8K
Cap Rate 9%
$295,422
$295.4K
Market Conditions
NOI Build-Up for 2,030 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
$40.2K $19.80/SF
− Vacancy
−$2.2K −$1.09/SF
EGI
$38.0K $18.71/SF
− OpEx
−$11.4K −$5.61/SF
NOI
$26.6K $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%
$531,760
Cap Rate 7%
$379,829
Cap Rate 9%
$295,422
Alternative Uses
Best Use
Multifamily LT 5
$379.8K
$332.4K – $443.1K
NOI $26,588 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$328.5K
$287.5K – $383.3K
NOI $22,998 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$522.0K
$456.8K – $609.0K
NOI $36,540 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
237
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 - Two residences offer open layouts, natural light, and practical kitchens for daily living.
Where is this duplex located?
The property is located at A-b-113 Bolden St Houston, TX.
What is the asking price?
The asking price for this property is $384,000.
What are key features of this property?
This property features: Duplex with 2,030 square feet; Each unit has 3 bedrooms and 2 full bathrooms; Open‑concept living, dining, and kitchen areas in both units
