New Construction Stacked
For Sale
$330,000
Ab-8123 Betty Boop St, Houston, TX 77028
Two-level configuration provides separate residences with contemporary finishes and individually metered utilities.
Property Size1,781 SF
Price / SF$185.29
Days on Market15
Property Features for Ab-8123 Betty Boop St
General Information
Standard status
Active
Size
1,781 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$862
Amenities
gated front entry
Building Details
Buildings
1
Stories
2
Listing Agency:
Vive Realty LLC
(832) 260-8265
Listed By:
Kaylin Plumlee
(832) 260-8265
Source:
Exprealty
Added: Jul 29
Changed: Aug 10
Last Checked: Aug 11 at 12:09PM
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 Vive Realty LLC
Investment Insights
Based on property information with market context.
This newly built duplex is arranged with one residence on the ground floor and another above it. Each unit measures 890 square feet and includes three bedrooms, two full bathrooms, an open-concept living area, a contemporary kitchen with pantry, and a utility closet with washer and dryer connections. Interior features include luxury vinyl plank flooring, five-panel doors, modern bathroom finishes, and a walk-in primary-bedroom closet.
A gated front entrance adds separation between the property and the street. Each residence has its own water and electric meter, supporting distinct utility service for the two units. The property is located at Ab-8123 Betty Boop St in Houston, Texas.
A gated front entrance adds separation between the property and the street. Each residence has its own water and electric meter, supporting distinct utility service for the two units. The property is located at Ab-8123 Betty Boop St in Houston, Texas.
Key Highlights
- Two stacked units, each with 890 square feet
- Each residence includes 3 bedrooms and 2 full bathrooms
- Open‑concept layouts with kitchens and pantry storage
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
$23,327
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
7.07%
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%
$466,540
$466.5K
Cap Rate 7%
$333,243
$333.2K
Cap Rate 9%
$259,189
$259.2K
Market Conditions
NOI Build-Up for 1,781 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
$35.3K $19.80/SF
− Vacancy
−$1.9K −$1.09/SF
EGI
$33.3K $18.71/SF
− OpEx
−$10.0K −$5.61/SF
NOI
$23.3K $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%
$466,540
Cap Rate 7%
$333,243
Cap Rate 9%
$259,189
Alternative Uses
Best Use
Multifamily LT 5
$333.2K
$291.6K – $388.8K
NOI $23,327 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$288.2K
$252.2K – $336.3K
NOI $20,177 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$458.0K
$400.7K – $534.3K
NOI $32,058 @ 7.0% cap · market cap 9.71%
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
258
Businesses Nearby
Explore this area
Business Placement
Demographics for 77028, TX
18,701
Population
7,102
Households
2.6
Avg Household Size
35
Median Age
8%
College-Educated
69%
High-School Grad
9.1 sq mi
ZIP Area
2,055
Density / Sq Mi
$36,244
Median Household Income
$28,099
Median Earnings
$1,115
Median Rent
$108,200
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-level configuration provides separate residences with contemporary finishes and individually metered utilities.
Where is this duplex located?
The property is located at Ab-8123 Betty Boop St Houston, TX.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Two stacked units, each with 890 square feet; Each residence includes 3 bedrooms and 2 full bathrooms; Open‑concept layouts with kitchens and pantry storage
