New Construction
For Sale
$610,000
Pending
Ab-8319 Bassett St, Houston, TX 77051
Two four-bedroom units offer attached garages, contemporary finishes, and flexible owner-occupant or rental use.
Property Size3,300 SF
Days on Market140
Property Features for Ab-8319 Bassett St
General Information
Standard status
Pending
Size
3,300 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
2 x 4BR/2.5BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Highway Access
Yes
Amenities
smart-home features
EV-ready garage outlets
gated driveway
Building Details
Buildings
1
Listing Agency:
Nextgen Real Estate Properties
(346) 888-2525
Listed By:
Ericka Spencer
(281) 782-2376
Source:
Exprealty
Added: Apr 16
Changed: Aug 30
Last Checked: Aug 30 at 8:41PM
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 Nextgen Real Estate Properties
Investment Insights
Based on property information with market context.
This duplex is under construction with approximately 3,300 square feet across two units. Each unit includes 4 bedrooms, 2.5 bathrooms, an attached 1-car garage, luxury vinyl plank flooring, quartz countertops, and a kitchen with an island. Smart-home features, EV-ready garage outlets, and a gated driveway are also included.
The property is located on Bassett St in Houston’s Sunnyside area, minutes from the Medical Center, Downtown, and major freeways. Both floor plans are identified as STR-friendly, supporting potential use as a house-hacking property, multigenerational residence, or rental asset.
The property is located on Bassett St in Houston’s Sunnyside area, minutes from the Medical Center, Downtown, and major freeways. Both floor plans are identified as STR-friendly, supporting potential use as a house-hacking property, multigenerational residence, or rental asset.
Key Highlights
- Two‑unit duplex totaling 3,300 square feet
- Each unit has 4 bedrooms and 2.5 bathrooms
- Attached 1‑car garage for 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
$43,222
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
7.09%
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%
$864,440
$864.4K
Cap Rate 7%
$617,457
$617.5K
Cap Rate 9%
$480,244
$480.2K
Market Conditions
NOI Build-Up for 3,300 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
$65.3K $19.80/SF
− Vacancy
−$3.6K −$1.09/SF
EGI
$61.7K $18.71/SF
− OpEx
−$18.5K −$5.61/SF
NOI
$43.2K $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%
$864,440
Cap Rate 7%
$617,457
Cap Rate 9%
$480,244
Alternative Uses
Best Use
Multifamily LT 5
$617.5K
$540.3K – $720.4K
NOI $43,222 @ 7.0% cap · market cap 7.09%
Second Best
Apartment 5plus
$534.1K
$467.3K – $623.1K
NOI $37,386 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$848.6K
$742.5K – $990.0K
NOI $59,400 @ 7.0% cap · market cap 9.74%
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
233
Businesses Nearby
Explore this area
Business Placement
Demographics for 77051, TX
18,323
Population
7,453
Households
2.5
Avg Household Size
34
Median Age
15%
College-Educated
78%
High-School Grad
7.4 sq mi
ZIP Area
2,476
Density / Sq Mi
$40,030
Median Household Income
$31,914
Median Earnings
$1,332
Median Rent
$171,900
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 four-bedroom units offer attached garages, contemporary finishes, and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at Ab-8319 Bassett St Houston, TX.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 3,300 square feet; Each unit has 4 bedrooms and 2.5 bathrooms; Attached 1‑car garage for each unit
