Newly Constructed Three-Bed
For Sale
$489,900
A-b-7819 Bowen St, Houston, TX 77051
Three-bedroom, two-bath duplex with open-concept living, soaring ceilings, and expansive windows for abundant natural light.
Property Size2,520 SF
Price / SF$194.40
Days on Market36
Property Features for A-b-7819 Bowen St
General Information
Standard status
Active
Size
2,520 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$2,744
Listing Agency:
Brooks & Davis Real Estate
(832) 524-4526
Listed By:
Andre Beraud · License #0667248
(832) 524-4526
Source:
Exprealty
Added: Jul 20
Changed: Aug 20
Last Checked: Aug 24 at 10:16AM
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 newly constructed 3-bedroom, 2-bath duplex offers modern, contemporary design with an open-concept interior. The home is set up for natural light with expansive windows and soaring ceilings, while designer fixtures and luxury flooring run throughout. The chef-inspired kitchen features an oversized waterfall island, custom cabinetry, and premium stainless steel appliances.
The primary suite provides a private retreat with a spa-like ensuite bathroom, including dual vanities and a walk-in shower. With a total size of 2,520 SF, the layout is designed for everyday comfort and straightforward living in a rapidly developing area of Houston.
Convenient commuting is a major benefit, with travel times of less than 15 minutes to the Texas Medical Center, Downtown, and the University of Houston. Quick access to major thoroughfares such as Hwy 288 and Loop 610 supports easy city travel.
The primary suite provides a private retreat with a spa-like ensuite bathroom, including dual vanities and a walk-in shower. With a total size of 2,520 SF, the layout is designed for everyday comfort and straightforward living in a rapidly developing area of Houston.
Convenient commuting is a major benefit, with travel times of less than 15 minutes to the Texas Medical Center, Downtown, and the University of Houston. Quick access to major thoroughfares such as Hwy 288 and Loop 610 supports easy city travel.
Key Highlights
- Newly constructed 3‑bedroom, 2‑bath duplex with open‑concept layout
- 2,520 SF interior with soaring ceilings and expansive windows
- Chef‑inspired kitchen with oversized waterfall island, custom cabinetry, and stainless steel appliances
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
$33,006
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
6.74%
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%
$660,120
$660.1K
Cap Rate 7%
$471,514
$471.5K
Cap Rate 9%
$366,733
$366.7K
Market Conditions
NOI Build-Up for 2,520 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
$49.9K $19.80/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$47.2K $18.71/SF
− OpEx
−$14.1K −$5.61/SF
NOI
$33.0K $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%
$660,120
Cap Rate 7%
$471,514
Cap Rate 9%
$366,733
Alternative Uses
Best Use
Multifamily LT 5
$471.5K
$412.6K – $550.1K
NOI $33,006 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$407.8K
$356.9K – $475.8K
NOI $28,549 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$648.0K
$567.0K – $756.0K
NOI $45,360 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
352
Businesses Nearby
Explore this area
Business Placement
Demographics for 77051, TX
18,323
Population
7,453
Households
2.5
Avg Household Size
34
Median Age
15%
College-Educated
78%
High-School Grad
7.4 sq mi
ZIP Area
2,476
Density / Sq Mi
$40,030
Median Household Income
$31,914
Median Earnings
$1,332
Median Rent
$171,900
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 - Three-bedroom, two-bath duplex with open-concept living, soaring ceilings, and expansive windows for abundant natural light.
Where is this duplex located?
The property is located at A-b-7819 Bowen St Houston, TX.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Newly constructed 3‑bedroom, 2‑bath duplex with open‑concept layout; 2,520 SF interior with soaring ceilings and expansive windows; Chef‑inspired kitchen with oversized waterfall island, custom cabinetry, and stainless steel appliances
