New Two-Story
For Sale
$590,000
Ab-6801 Apollo St, Houston, TX 77058
Two modern units offer private garages, driveway parking, side yards, and flexible owner-occupant or rental use.
Property Size3,000 SF
Price / SF$196.67
Days on Market30
Property Features for Ab-6801 Apollo St
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Residential Income
Listing Agency:
Texas Signature Realty
(346) 833-9273
Listed By:
Shaker Elkhalik
(346) 833-9273
Source:
Exprealty
Added: Jul 26
Changed: Aug 21
Last Checked: Aug 23 at 6:33AM
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 Texas Signature Realty
Investment Insights
Based on property information with market context.
This brand-new duplex contains two separate residences within a modern two-story design totaling 3,000 square feet. Each unit includes three bedrooms, 2.5 bathrooms, a private one-car garage, driveway parking, and a backyard with additional side-yard area. The interiors feature generously sized bedrooms and living spaces.
The property is located in Houston with access to major highways, approximately 20 minutes from Downtown Houston, 15 minutes from the Energy Corridor, and under 30 minutes from the Texas Medical Center. There is no HOA. The configuration supports living in one residence while leasing the other, or operating both units as a rental property.
The property is located in Houston with access to major highways, approximately 20 minutes from Downtown Houston, 15 minutes from the Energy Corridor, and under 30 minutes from the Texas Medical Center. There is no HOA. The configuration supports living in one residence while leasing the other, or operating both units as a rental property.
Key Highlights
- Brand‑new duplex with 3,000 square feet across two units
- Each residence includes 3 bedrooms and 2.5 bathrooms
- Private 1‑car garage and driveway parking for each unit
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
$39,293
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
6.66%
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%
$785,860
$785.9K
Cap Rate 7%
$561,329
$561.3K
Cap Rate 9%
$436,589
$436.6K
Market Conditions
NOI Build-Up for 3,000 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
$59.4K $19.80/SF
− Vacancy
−$3.3K −$1.09/SF
EGI
$56.1K $18.71/SF
− OpEx
−$16.8K −$5.61/SF
NOI
$39.3K $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%
$785,860
Cap Rate 7%
$561,329
Cap Rate 9%
$436,589
Alternative Uses
Best Use
Multifamily LT 5
$561.3K
$491.2K – $654.9K
NOI $39,293 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$485.5K
$424.8K – $566.5K
NOI $33,987 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$771.4K
$675.0K – $900.0K
NOI $54,000 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,903
Businesses Nearby
Explore this area
Business Placement
Demographics for 77058, TX
19,442
Population
11,203
Households
1.7
Avg Household Size
37
Median Age
44%
College-Educated
95%
High-School Grad
8.4 sq mi
ZIP Area
2,315
Density / Sq Mi
$66,471
Median Household Income
$51,423
Median Earnings
$1,362
Median Rent
$244,800
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 modern units offer private garages, driveway parking, side yards, and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at Ab-6801 Apollo St Houston, TX.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Brand‑new duplex with 3,000 square feet across two units; Each residence includes 3 bedrooms and 2.5 bathrooms; Private 1‑car garage and driveway parking for each unit
