Newly Built Three-Bedroom
For Sale
$420,000
Ab-8116 Double Ave, Houston, TX 77088
Two modern residences feature open-concept interiors, quartz countertops, black fixtures, and contemporary finishes.
Property Size2,165 SF
Price / SF$193
Days on Market15
Property Features for Ab-8116 Double Ave
General Information
Standard status
Active
Size
2,165 SF
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Multifamily Units
2
Listing Agency:
The Reyna Group
(832) 297-6788
Listed By:
Melissa Rodriguez · License #0764347
(832) 297-6788
Source:
Exprealty
Added: Aug 10
Changed: Aug 24
Last Checked: Aug 23 at 3:57AM
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 newly built duplex contains two residences, each with three bedrooms and two bathrooms. Both units feature open-concept floor plans, quartz countertops, black fixtures, and contemporary interior finishes. Primary bedrooms include custom accent walls, adding a distinct design element to each residence.
The property is located in Houston, Texas, with convenient access to major highways for regional commuting. A 2/10 warranty is included, and the two-unit configuration supports rental use or an owner-occupant arrangement with an additional residence on site.
The property is located in Houston, Texas, with convenient access to major highways for regional commuting. A 2/10 warranty is included, and the two-unit configuration supports rental use or an owner-occupant arrangement with an additional residence on site.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 2 bathrooms in each residence
- Newly built property with contemporary interior finishes
- Open‑concept layouts in both residences
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
$28,357
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
6.75%
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%
$567,140
$567.1K
Cap Rate 7%
$405,100
$405.1K
Cap Rate 9%
$315,078
$315.1K
Market Conditions
NOI Build-Up for 2,165 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
$42.9K $19.80/SF
− Vacancy
−$2.4K −$1.09/SF
EGI
$40.5K $18.71/SF
− OpEx
−$12.2K −$5.61/SF
NOI
$28.4K $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%
$567,140
Cap Rate 7%
$405,100
Cap Rate 9%
$315,078
Alternative Uses
Best Use
Multifamily LT 5
$405.1K
$354.5K – $472.6K
NOI $28,357 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$350.4K
$306.6K – $408.8K
NOI $24,528 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$556.7K
$487.1K – $649.5K
NOI $38,970 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
303
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 - Two modern residences feature open-concept interiors, quartz countertops, black fixtures, and contemporary finishes.
Where is this duplex located?
The property is located at Ab-8116 Double Ave Houston, TX.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 2 bathrooms in each residence; Newly built property with contemporary interior finishes; Open‑concept layouts in both residences
