New Construction Duplex with
For Sale
$525,000
Ab-9217 Noel St, Houston, TX 77033
Two residences feature private garages, flexible outdoor space, and upgraded finishes throughout.
Property Size3,501 SF
Price / SF$149.96
Days on Market107
Property Features for Ab-9217 Noel St
General Information
Standard status
Active
Size
3,501 SF
Property subtype
Residential Income
Listing Agency:
Nextgen Real Estate Properties
(346) 888-2525
Listed By:
Norisha Johnson
(346) 304-1590
Source:
Exprealty
Added: Jul 9
Changed: Oct 8
Last Checked: Oct 20 at 9:42PM
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
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Investment Insights
Based on property information with market context.
Located at Ab-9217 Noel St in Houston, this newly built duplex combines two residences under one address. Each home includes three bedrooms, two-and-a-half baths, a private garage, 12-foot ceilings, oversized windows, an open living area, a modern fireplace, and a designer kitchen with European-style cabinetry and waterfall quartz countertops.
The primary suites feature freestanding soaking tubs, large glass-enclosed showers, dual vanities, floating cabinetry, and walk-in closets. Front porches, rear porches, and private balconies extend the usable living space. The property has no HOA and is positioned near the Texas Medical Center, Downtown Houston, major universities, and employment centers. Completion is expected within 60 days.
The primary suites feature freestanding soaking tubs, large glass-enclosed showers, dual vanities, floating cabinetry, and walk-in closets. Front porches, rear porches, and private balconies extend the usable living space. The property has no HOA and is positioned near the Texas Medical Center, Downtown Houston, major universities, and employment centers. Completion is expected within 60 days.
Key Highlights
- Two residences under one address at Ab‑9217 Noel St, Houston, TX
- Each unit includes 3 bedrooms, 2.5 baths, and a private garage
- 12‑foot ceilings, oversized windows, open‑concept interiors, and modern fireplaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,855
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$917,100
$917.1K
Cap Rate 7%
$655,071
$655.1K
Cap Rate 9%
$509,500
$509.5K
Market Conditions
NOI Build-Up for 3,501 SF
Gross rent
$69.3K $19.80/SF
− Vacancy
−$3.8K −$1.09/SF
EGI
$65.5K $18.71/SF
− OpEx
−$19.7K −$5.61/SF
NOI
$45.9K $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%
$917,100
Cap Rate 7%
$655,071
Cap Rate 9%
$509,500
Alternative Uses
Best Use
Multifamily LT 5
$655.1K
$573.2K – $764.3K
NOI $45,855 @ 7.0% cap · market cap 8.73%
Second Best
Apartment 5plus
$566.6K
$495.8K – $661.1K
NOI $39,663 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$900.3K
$787.7K – $1.05M
NOI $63,018 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
Explore this area
Business Placement
Demographics for 77033, TX
28,369
Population
10,228
Households
2.8
Avg Household Size
36
Median Age
9%
College-Educated
72%
High-School Grad
5.7 sq mi
ZIP Area
4,977
Density / Sq Mi
$37,081
Median Household Income
$28,459
Median Earnings
$1,204
Median Rent
$98,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature private garages, flexible outdoor space, and upgraded finishes throughout.
Where is this duplex located?
The property is located at Ab-9217 Noel St 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 residences under one address at Ab‑9217 Noel St, Houston, TX; Each unit includes 3 bedrooms, 2.5 baths, and a private garage; 12‑foot ceilings, oversized windows, open‑concept interiors, and modern fireplaces
