New-Construction
For Sale
$453,000
Ab-7913 Cora St, Houston, TX 77088
Each residence has three bedrooms, two bathrooms, open-concept living, appliances, and keyless entry.
Property Size2,480 SF
Price / SF$182.66
Days on Market16
Property Features for Ab-7913 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
Building Details
Buildings
1
Listing Agency:
SERHANT.
(281) 768-8265
Listed By:
Shanee Dunbar
(253) 343-3935
Source:
Exprealty
Added: Oct 2
Changed: Oct 9
Last Checked: Oct 16 at 1:33PM
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.
Ask AI about this property
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 totals 2,480 square feet. Each of its two residences includes three bedrooms and two bathrooms, with open-concept living, appliances, smart locks for keyless access, and a builder warranty. The property has no HOA.
Key Highlights
- New construction totaling 2,480 square feet
- Two residences, each with 3 bedrooms and 2 bathrooms
- Open‑concept living in both units
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
Current Use
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 - Each residence has three bedrooms, two bathrooms, open-concept living, appliances, and keyless entry.
Where is this duplex located?
The property is located at Ab-7913 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: New construction totaling 2,480 square feet; Two residences, each with 3 bedrooms and 2 bathrooms; Open‑concept living in both units
