Furnished Duplex Short-Term
For Sale
$510,000
Ab-5125 Chennault Rd, Houston, TX 77033
Two-unit property with open living areas, updated kitchens, and an existing short-term rental operation.
Property Size2,440 SF
Price / SF$209.02
Days on Market16
Property Features for Ab-5125 Chennault Rd
General Information
Standard status
Active
Size
2,440 SF
Property subtype
Residential Income
Additional Details
Furnished
Yes
Highway Access
Yes
Multifamily Units
2
Building Details
Buildings
1
Listing Agency:
Nextgen Real Estate Properties
(346) 304-1590
Listed By:
Norisha Johnson
(346) 304-1590
Source:
Exprealty
Added: Aug 8
Changed: Aug 22
Last Checked: Aug 23 at 4:12AM
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 Nextgen Real Estate Properties
Investment Insights
Based on property information with market context.
This duplex includes 3 bedrooms and 2 bathrooms across two residential units, with open-concept living areas, contemporary kitchens, laminate flooring, and distinctive lighting. The property is currently furnished and operating as short-term rentals, while the furniture may be purchased separately.
The seller is willing to discuss continuation of the current short-term rental arrangement. The property is situated near the Texas Medical Center, with access to major freeways, Downtown Houston, and other surrounding destinations.
The seller is willing to discuss continuation of the current short-term rental arrangement. The property is situated near the Texas Medical Center, with access to major freeways, Downtown Houston, and other surrounding destinations.
Key Highlights
- Duplex with 3 bedrooms and 2 bathrooms
- Currently furnished and operating as short‑term rentals
- Open‑concept living areas with laminate flooring
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
$31,958
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
6.27%
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%
$639,160
$639.2K
Cap Rate 7%
$456,543
$456.5K
Cap Rate 9%
$355,089
$355.1K
Market Conditions
NOI Build-Up for 2,440 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
$48.3K $19.80/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$45.7K $18.71/SF
− OpEx
−$13.7K −$5.61/SF
NOI
$32.0K $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%
$639,160
Cap Rate 7%
$456,543
Cap Rate 9%
$355,089
Alternative Uses
Best Use
Multifamily LT 5
$456.5K
$399.5K – $532.6K
NOI $31,958 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$394.9K
$345.5K – $460.7K
NOI $27,643 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$627.4K
$549.0K – $732.0K
NOI $43,920 @ 7.0% cap · market cap 8.61%
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
527
Businesses Nearby
Explore this area
Business Placement
Demographics for 77033, TX
28,369
Population
10,228
Households
2.8
Avg Household Size
36
Median Age
9%
College-Educated
72%
High-School Grad
5.7 sq mi
ZIP Area
4,977
Density / Sq Mi
$37,081
Median Household Income
$28,459
Median Earnings
$1,204
Median Rent
$98,300
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 - Two-unit property with open living areas, updated kitchens, and an existing short-term rental operation.
Where is this duplex located?
The property is located at Ab-5125 Chennault Rd Houston, TX.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Duplex with 3 bedrooms and 2 bathrooms; Currently furnished and operating as short‑term rentals; Open‑concept living areas with laminate flooring
