Two-Story Duplex with Private
For Sale
$530,000
Ab-7313 Tippett St, Houston, TX 77091
Two residential units feature open layouts, contemporary finishes, and individually fenced outdoor areas.
Property Size2,708 SF
Price / SF$195.72
Days on Market18
Property Features for Ab-7313 Tippett St
General Information
Standard status
Active
Size
2,708 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,675
Building Details
Stories
2
Listing Agency:
The Reyna Group
(832) 297-6788
Listed By:
Melissa Rodriguez · License #0764347
(832) 297-6788
Source:
Exprealty
Added: Aug 6
Changed: Aug 20
Last Checked: Aug 22 at 10:33AM
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 The Reyna Group
Investment Insights
Based on property information with market context.
This 2,708-square-foot, two-story duplex contains two residential units, each with three bedrooms, two full bathrooms, and one half bath. Both units use an open-concept layout with durable flooring in the main living areas, plush carpet in the bedrooms, and modern lighting. The kitchens include European-style cabinetry, black suede-finished countertops, decorative backsplashes, gold hardware, and contemporary fixtures.
Each residence has its own private backyard enclosed by privacy fencing. Bathrooms are finished with selected tile, floating European vanities, black suede countertops, and gold fixtures. Dark exterior finishes and coordinated interior details create a consistent design across both units.
Each residence has its own private backyard enclosed by privacy fencing. Bathrooms are finished with selected tile, floating European vanities, black suede countertops, and gold fixtures. Dark exterior finishes and coordinated interior details create a consistent design across both units.
Key Highlights
- 2,708‑square‑foot, two‑story duplex
- Each unit includes 3 bedrooms, 2 full bathrooms, and 1 half bath
- Open‑concept living areas with durable flooring and modern lighting
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
$35,469
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
6.69%
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%
$709,380
$709.4K
Cap Rate 7%
$506,700
$506.7K
Cap Rate 9%
$394,100
$394.1K
Market Conditions
NOI Build-Up for 2,708 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
$53.6K $19.80/SF
− Vacancy
−$2.9K −$1.09/SF
EGI
$50.7K $18.71/SF
− OpEx
−$15.2K −$5.61/SF
NOI
$35.5K $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 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%
$709,380
Cap Rate 7%
$506,700
Cap Rate 9%
$394,100
Alternative Uses
Best Use
Multifamily LT 5
$506.7K
$443.4K – $591.2K
NOI $35,469 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$438.3K
$383.5K – $511.3K
NOI $30,679 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$696.3K
$609.3K – $812.4K
NOI $48,744 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
278
Businesses Nearby
Explore this area
Business Placement
Demographics for 77091, TX
28,020
Population
12,501
Households
2.2
Avg Household Size
34
Median Age
19%
College-Educated
73%
High-School Grad
7.1 sq mi
ZIP Area
3,946
Density / Sq Mi
$35,737
Median Household Income
$28,906
Median Earnings
$1,061
Median Rent
$223,700
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 residential units feature open layouts, contemporary finishes, and individually fenced outdoor areas.
Where is this duplex located?
The property is located at Ab-7313 Tippett St Houston, TX.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: 2,708‑square‑foot, two‑story duplex; Each unit includes 3 bedrooms, 2 full bathrooms, and 1 half bath; Open‑concept living areas with durable flooring and modern lighting
