Four-Unit Stacked Duplex
A-d-9407 Kappa Dr, Houston, TX 77051
For Sale
$999,900
Four stacked units feature three bedrooms and two bathrooms in a residential income property configuration.
Property Size6,490 SF
Price / SF$154.07
Days on Market57
Property Features for A-d-9407 Kappa Dr
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Listing Agency:
Brooks & Davis Real Estate
(713) 665-8329
Listed By:
Andre Beraud · License TX #0667248
(832) 524-4526
Source:
Exprealty
Added: Sep 20
Changed: Nov 4
Last Checked: Nov 14 at 7:32AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This quadplex package combines two stacked duplexes into four residential units. Each unit offers three bedrooms and two bathrooms, creating a consistent layout across the property and a total of 12 bedrooms and 8 bathrooms. The configuration is suited to buyers evaluating a multi-unit residential asset, including live-in ownership or rental use as supported by the existing unit design.
The property is located in Houston with access to major thoroughfares, the Texas Medical Center, and Houston ISD public schools. The surrounding area includes established residential development alongside ongoing development activity.
The property is located in Houston with access to major thoroughfares, the Texas Medical Center, and Houston ISD public schools. The surrounding area includes established residential development alongside ongoing development activity.
Key Highlights
- Four‑unit package comprising 2 stacked duplexes
- Each unit includes 3 bedrooms and 2 bathrooms
- Total configuration includes 12 bedrooms and 8 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,004
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,700,080
$1.7M
Cap Rate 7%
$1,214,343
$1.2M
Cap Rate 9%
$944,489
$944.5K
Market Conditions
NOI Build-Up for 6,490 SF
Gross rent
$128.5K $19.80/SF
− Vacancy
−$7.1K −$1.09/SF
EGI
$121.4K $18.71/SF
− OpEx
−$36.4K −$5.61/SF
NOI
$85.0K $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 Rate 5%
$1,700,080
Cap Rate 7%
$1,214,343
Cap Rate 9%
$944,489
Alternative Uses
Best Use
Multifamily LT 5
$1.21M
$1.06M – $1.42M
NOI $85,004 @ 7.0% cap · market cap 8.50%
Second Best
Apartment 5plus
$1.05M
$919.1K – $1.23M
NOI $73,526 @ 7.0% cap · market cap 7.35%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,820 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
276
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
$171,900
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in Houston, TX
Properties on Market for Quadplexes in Houston
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four stacked units feature three bedrooms and two bathrooms in a residential income property configuration.
Where is this quadplex located?
The property is located at A-d-9407 Kappa Dr Houston, TX.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Four‑unit package comprising 2 stacked duplexes; Each unit includes 3 bedrooms and 2 bathrooms; Total configuration includes 12 bedrooms and 8 bathrooms
