New Construction
New
For Sale
$453,000
Ab-8005 Cora St, Houston, TX 77088
Both residences feature open-plan living, keyless entry, included appliances, and a builder warranty.
Property Size2,480 SF
Price / SF$182.66
Days on Market5
Property Features for Ab-8005 Cora St
General Information
Standard status
Active
Size
2,480 SF
Property subtype
Residential Income
Amenities
Airbnb-compatible smart locks
Listing Agency:
SERHANT.
(281) 768-8265
Listed By:
Shanee Dunbar
(253) 343-3935
Source:
Exprealty
Added: Oct 2
Changed: Oct 4
Last Checked: Oct 5 at 11:03PM
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.
Investment Insights
Based on property information with market context.
This newly built Houston duplex contains 2,480 square feet. Each residence has three bedrooms and two bathrooms, with an open-concept layout. Smart locks provide keyless access, and appliances and a builder warranty are included. The property has no HOA.
Target is among the commercial development cited in the surrounding area.
Target is among the commercial development cited in the surrounding area.
Key Highlights
- New construction duplex with 2,480 square feet
- Two units, each with 3 bedrooms and 2 bathrooms
- Open‑concept living layout 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.
Property Analytics
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences feature open-plan living, keyless entry, included appliances, and a builder warranty.
Where is this duplex located?
The property is located at Ab-8005 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 duplex with 2,480 square feet; Two units, each with 3 bedrooms and 2 bathrooms; Open‑concept living layout in both units
