Three-Story Duplex with
For Sale
$678,000
A-b-213 Foxshire Ln, Houston, TX 77047
The duplex combines modern finishes with open-concept living areas and attached garages.
Property Size3,182 SF
Price / SF$213.07
Days on Market17
Property Features for A-b-213 Foxshire Ln
General Information
Standard status
Active
Size
3,182 SF
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,917
Listing Agency:
Brooks & Davis Real Estate
(832) 524-4526
Listed By:
Andre Beraud · License #0667248
(832) 524-4526
Source:
Exprealty
Added: Jul 27
Changed: Aug 11
Last Checked: Aug 11 at 7:42AM
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 Brooks & Davis Real Estate
Investment Insights
Based on property information with market context.
This 3,182-square-foot duplex consists of contemporary three-story homes with streamlined siding, clean exterior lines, and attached two-car garages. Each residence is arranged around an open living and kitchen level, where cabinetry, dark countertops, a large island with breakfast seating, pendant lighting, and mosaic tile create a cohesive modern interior. Open stair rails and large windows bring additional daylight into the homes, while carpeted bedrooms, primary suites, and updated bathrooms complete the residential layout.
The property is located in Houston’s Central Southwest area with access to Highway 288, downtown Houston, the Medical Center, and nearby parks. Interior details include contemporary bathroom tile, matte black hardware, and dedicated kitchen features designed for daily use. The listing identifies 3 bedrooms and 2 bathrooms, along with a duplex configuration suited to residential income ownership.
The property is located in Houston’s Central Southwest area with access to Highway 288, downtown Houston, the Medical Center, and nearby parks. Interior details include contemporary bathroom tile, matte black hardware, and dedicated kitchen features designed for daily use. The listing identifies 3 bedrooms and 2 bathrooms, along with a duplex configuration suited to residential income ownership.
Key Highlights
- Duplex configuration with contemporary three‑story homes
- 3,182 square feet of property size
- Attached two‑car garages
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
$41,677
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
6.15%
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%
$833,540
$833.5K
Cap Rate 7%
$595,386
$595.4K
Cap Rate 9%
$463,078
$463.1K
Market Conditions
NOI Build-Up for 3,182 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
$63.0K $19.80/SF
− Vacancy
−$3.5K −$1.09/SF
EGI
$59.5K $18.71/SF
− OpEx
−$17.9K −$5.61/SF
NOI
$41.7K $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%
$833,540
Cap Rate 7%
$595,386
Cap Rate 9%
$463,078
Alternative Uses
Best Use
Multifamily LT 5
$595.4K
$521.0K – $694.6K
NOI $41,677 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$515.0K
$450.6K – $600.8K
NOI $36,049 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$818.2K
$716.0K – $954.6K
NOI $57,276 @ 7.0% cap · market cap 8.45%
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
191
Businesses Nearby
Explore this area
Business Placement
Demographics for 77047, TX
32,088
Population
13,288
Households
2.4
Avg Household Size
34
Median Age
37%
College-Educated
89%
High-School Grad
13.8 sq mi
ZIP Area
2,325
Density / Sq Mi
$73,947
Median Household Income
$44,732
Median Earnings
$1,719
Median Rent
$224,200
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 - The duplex combines modern finishes with open-concept living areas and attached garages.
Where is this duplex located?
The property is located at A-b-213 Foxshire Ln Houston, TX.
What is the asking price?
The asking price for this property is $678,000.
What are key features of this property?
This property features: Duplex configuration with contemporary three‑story homes; 3,182 square feet of property size; Attached two‑car garages
