New Construction
For Sale
$453,000
Ab-7911 Cora St, Houston, TX 77088
Two matching residences feature open layouts, included appliances, smart locks, and builder warranty coverage.
Property Size2,480 SF
Price / SF$182.66
Days on Market21
Property Features for Ab-7911 Cora St
General Information
Standard status
Active
Size
2,480 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
smart locks
appliances
Listing Agency:
SERHANT.
(281) 768-8265
Listed By:
Shanee Dunbar
(253) 343-3935
Source:
Exprealty
Added: Oct 2
Changed: Oct 19
Last Checked: Oct 21 at 2:46AM
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 SERHANT.
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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 newly built duplex contains 2,480 square feet across two residences. Each unit has three bedrooms, two bathrooms, open-concept living, and upgraded finishes. Appliances, keyless smart locks, and a builder warranty are included, and the property has no HOA.
The property is in Houston, where the surrounding area is seeing new housing, infrastructure improvements, and commercial development, including a nearby Target. Each unit’s layout supports residential occupancy, with keyless entry suited to short-term rental use.
The property is in Houston, where the surrounding area is seeing new housing, infrastructure improvements, and commercial development, including a nearby Target. Each unit’s layout supports residential occupancy, with keyless entry suited to short-term rental use.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- 2,480 square feet of total property size
- New construction with open‑concept living and upgraded finishes in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,482
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$649,640
$649.6K
Cap Rate 7%
$464,029
$464.0K
Cap Rate 9%
$360,911
$360.9K
Market Conditions
NOI Build-Up for 2,480 SF
Gross rent
$49.1K $19.80/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$46.4K $18.71/SF
− OpEx
−$13.9K −$5.61/SF
NOI
$32.5K $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 Rate 5%
$649,640
Cap Rate 7%
$464,029
Cap Rate 9%
$360,911
Alternative Uses
Best Use
Multifamily LT 5
$464.0K
$406.0K – $541.4K
NOI $32,482 @ 7.0% cap · market cap 7.17%
Second Best
Apartment 5plus
$401.4K
$351.2K – $468.3K
NOI $28,096 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$637.7K
$558.0K – $744.0K
NOI $44,640 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
Explore this area
Business Placement
Demographics for 77088, TX
54,320
Population
18,500
Households
2.9
Avg Household Size
35
Median Age
13%
College-Educated
72%
High-School Grad
11.1 sq mi
ZIP Area
4,894
Density / Sq Mi
$52,549
Median Household Income
$32,015
Median Earnings
$1,177
Median Rent
$173,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences feature open layouts, included appliances, smart locks, and builder warranty coverage.
Where is this duplex located?
The property is located at Ab-7911 Cora St Houston, TX.
What is the asking price?
The asking price for this property is $453,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; 2,480 square feet of total property size; New construction with open‑concept living and upgraded finishes in each unit
