Duplex with Two-Car
For Sale
$525,000
Ab-8209 Carver Rd, Houston, TX 77091
Two updated residences feature private driveways, backyard space, and durable LVP flooring throughout.
Property Size3,042 SF
Price / SF$172.58
Days on Market54
Property Features for Ab-8209 Carver Rd
General Information
Standard status
Active
Size
3,042 SF
Total Parking Spaces
2
Property subtype
Residential Income
Amenities
private driveways
large backyard spaces
LVP flooring
refrigerator included
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
New Age
(713) 505-8805
Listed By:
Ashwin Kewalramani · License #0700464
(713) 373-7401
Source:
Exprealty
Added: Jul 30
Changed: Sep 16
Last Checked: Sep 21 at 9:53AM
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 New Age
Investment Insights
Based on property information with market context.
This duplex includes two units, each offering 3 bedrooms, 2.5 baths, and 1,521 square feet. The property provides a 2-car garage, private driveways, and large backyard spaces for each residence. Interior upgrades include LVP flooring throughout, while refrigerators are included in both units.
Located on Carver Rd in Houston, the property combines a two-unit configuration with practical residential features and separate access for each unit. The 3,042-square-foot property is suited to buyers seeking a duplex with updated finishes and established functional amenities.
Located on Carver Rd in Houston, the property combines a two-unit configuration with practical residential features and separate access for each unit. The 3,042-square-foot property is suited to buyers seeking a duplex with updated finishes and established functional amenities.
Key Highlights
- Two‑unit duplex with 3 bedrooms, 2.5 baths, and 1,521 square feet per unit
- 2‑car garage included
- LVP flooring throughout each unit
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
$39,843
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
7.59%
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%
$796,860
$796.9K
Cap Rate 7%
$569,186
$569.2K
Cap Rate 9%
$442,700
$442.7K
Market Conditions
NOI Build-Up for 3,042 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
$60.2K $19.80/SF
− Vacancy
−$3.3K −$1.09/SF
EGI
$56.9K $18.71/SF
− OpEx
−$17.1K −$5.61/SF
NOI
$39.8K $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%
$796,860
Cap Rate 7%
$569,186
Cap Rate 9%
$442,700
Alternative Uses
Best Use
Multifamily LT 5
$569.2K
$498.0K – $664.1K
NOI $39,843 @ 7.0% cap · market cap 7.59%
Second Best
Apartment 5plus
$492.3K
$430.8K – $574.4K
NOI $34,463 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$782.2K
$684.5K – $912.6K
NOI $54,756 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
Explore this area
Business Placement
Demographics for 77091, TX
28,020
Population
12,501
Households
2.2
Avg Household Size
34
Median Age
19%
College-Educated
73%
High-School Grad
7.1 sq mi
ZIP Area
3,946
Density / Sq Mi
$35,737
Median Household Income
$28,906
Median Earnings
$1,061
Median Rent
$223,700
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 updated residences feature private driveways, backyard space, and durable LVP flooring throughout.
Where is this duplex located?
The property is located at Ab-8209 Carver Rd Houston, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms, 2.5 baths, and 1,521 square feet per unit; 2‑car garage included; LVP flooring throughout each unit
