Modern
For Sale
$650,000
Ab-3402 Nathaniel Brown St, Houston, TX 77021
New construction with two residential units and access to Downtown Houston, the Texas Medical Center, universities, shopping, dining, and entertainment.
Property Size3,714 SF
Lot Size0.11 Acres
Price / SF$175.01
Days on Market27
Property Features for Ab-3402 Nathaniel Brown St
General Information
Standard status
Active
Size
3,714 SF
Lot size
0.11 Acres
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,778
Building Details
Buildings
1
Listing Agency:
Collective Realty Co.
(619) 386-6961
Listed By:
Veronica Merritt
(619) 386-6961
Source:
Exprealty
Added: Aug 7
Changed: Aug 29
Last Checked: Sep 2 at 2:37AM
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 Collective Realty Co.
Investment Insights
Based on property information with market context.
This newly constructed duplex in Houston contains two separately designed residential units, each arranged for comfortable daily living. The property sits on a 5,000-square-foot lot and offers a contemporary layout with practical space throughout each residence.
Its location provides access to Downtown Houston, the Texas Medical Center, the University of Houston, and Texas Southern University. Shopping, dining, entertainment, and major highways are also identified among the surrounding conveniences, giving the property broad access to key Houston destinations.
Its location provides access to Downtown Houston, the Texas Medical Center, the University of Houston, and Texas Southern University. Shopping, dining, entertainment, and major highways are also identified among the surrounding conveniences, giving the property broad access to key Houston destinations.
Key Highlights
- Newly built duplex in Houston
- Two residential units with functional living spaces
- 5,000‑square‑foot lot
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
$48,645
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
7.48%
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%
$972,900
$972.9K
Cap Rate 7%
$694,929
$694.9K
Cap Rate 9%
$540,500
$540.5K
Market Conditions
NOI Build-Up for 3,714 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
$73.5K $19.80/SF
− Vacancy
−$4.0K −$1.09/SF
EGI
$69.5K $18.71/SF
− OpEx
−$20.8K −$5.61/SF
NOI
$48.6K $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%
$972,900
Cap Rate 7%
$694,929
Cap Rate 9%
$540,500
Alternative Uses
Best Use
Multifamily LT 5
$694.9K
$608.1K – $810.8K
NOI $48,645 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$601.1K
$526.0K – $701.3K
NOI $42,077 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$955.0K
$835.7K – $1.11M
NOI $66,852 @ 7.0% cap · market cap 10.28%
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
420
Businesses Nearby
Explore this area
Business Placement
Demographics for 77021, TX
28,055
Population
12,819
Households
2.2
Avg Household Size
36
Median Age
34%
College-Educated
87%
High-School Grad
6.1 sq mi
ZIP Area
4,599
Density / Sq Mi
$45,034
Median Household Income
$38,041
Median Earnings
$1,193
Median Rent
$203,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - New construction with two residential units and access to Downtown Houston, the Texas Medical Center, universities, shopping, dining, and entertainment.
Where is this duplex located?
The property is located at Ab-3402 Nathaniel Brown St Houston, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Newly built duplex in Houston; Two residential units with functional living spaces; 5,000‑square‑foot lot
