Duplex with Smart
A-b-8003 Cora St, Houston, TX 77088
For Sale
$453,000
Pending
Two three-bedroom residences include appliances, keyless entry, and a builder warranty, with no HOA.
Property Size2,480 SF
Days on Market23
Property Features for A-b-8003 Cora St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
smart locks
Listing Agency:
SERHANT.
(281) 768-8265
Listed By:
Shanee Dunbar
(253) 343-3935
Source:
Exprealty
Added: Oct 19
Changed: Nov 10
Last Checked: Nov 10 at 11:54AM
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 SERHANT.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This newly built Houston duplex contains 2,480 square feet across two units, each with three bedrooms, two bathrooms, and an open-concept living layout. Finishes, appliances, smart-lock entry, and a builder warranty are included. The property has no HOA.
The surrounding area is seeing residential and commercial development, including a Target in the area.
The surrounding area is seeing residential and commercial development, including a Target in the area.
Key Highlights
- New construction duplex totaling 2,480 square feet
- Two units, each with 3 bedrooms and 2 bathrooms
- Smart locks provide keyless entry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,482
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$649,640
$649.6K
Cap Rate 7%
$464,029
$464.0K
Cap Rate 9%
$360,911
$360.9K
Market Conditions
NOI Build-Up for 2,480 SF
Gross rent
$49.1K $19.80/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$46.4K $18.71/SF
− OpEx
−$13.9K −$5.61/SF
NOI
$32.5K $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 Rate 5%
$649,640
Cap Rate 7%
$464,029
Cap Rate 9%
$360,911
Alternative Uses
Best Use
Multifamily LT 5
$464.0K
$406.0K – $541.4K
NOI $32,482 @ 7.0% cap · market cap 7.17%
Second Best
Apartment 5plus
$401.4K
$351.2K – $468.3K
NOI $28,096 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$637.7K
$558.0K – $744.0K
NOI $44,640 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
Explore this area
Business Placement
Demographics for 77088, TX
54,320
Population
18,500
Households
2.9
Avg Household Size
35
Median Age
13%
College-Educated
72%
High-School Grad
11.1 sq mi
ZIP Area
4,894
Density / Sq Mi
$52,549
Median Household Income
$32,015
Median Earnings
$1,177
Median Rent
$173,900
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Houston, TX
Properties on Market for Duplexes in Houston
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences include appliances, keyless entry, and a builder warranty, with no HOA.
Where is this duplex located?
The property is located at A-b-8003 Cora St Houston, TX.
What is the asking price?
The asking price for this property is $453,000.
What are key features of this property?
This property features: New construction duplex totaling 2,480 square feet; Two units, each with 3 bedrooms and 2 bathrooms; Smart locks provide keyless entry
