Two-Unit Duplex with Private
New
For Sale
$549,900
Cd-9219 Noel St, Houston, TX 77033
Each residence offers three bedrooms, two-and-a-half baths, and a private garage.
Property Size3,501 SF
Price / SF$157.07
Days on Market7
Property Features for Cd-9219 Noel St
General Information
Standard status
Active
Size
3,501 SF
Property subtype
Residential Income
Site & Location
Neighborhood
South Park
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Building Details
Buildings
1
Listing Agency:
Nextgen Real Estate Properties
(346) 888-2525
Listed By:
Norisha Johnson
(346) 304-1590
Source:
Exprealty
Added: Oct 27
Changed: Nov 2
Last Checked: Nov 1 at 2:59PM
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.
Configured as two residences at one address, this duplex has three bedrooms and two-and-a-half baths in each unit. Both feature 12-foot ceilings, an open layout, oversized windows, a fireplace, and a kitchen with European-style cabinetry and waterfall quartz countertops. Primary suites include a freestanding tub, glass shower, dual vanities, floating cabinetry, and a walk-in closet. Outdoor features include front and back porches and a private balcony; each residence also has a private garage. No HOA is reported, and completion was scheduled within two weeks of the listing remarks.
The property is near the Texas Medical Center, Downtown Houston, universities, and employment centers. No specific distance or travel time is provided.
The property is near the Texas Medical Center, Downtown Houston, universities, and employment centers. No specific distance or travel time is provided.
Key Highlights
- Two residences at one address
- Each unit has 3 bedrooms, 2.5 baths, and a private garage
- 12‑foot ceilings, oversized windows, and open layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,855
Cap Rate
8.34%
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 8.34%
Second Best
Apartment 5plus
$566.6K
$495.8K – $661.1K
NOI $39,663 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$900.3K
$787.7K – $1.05M
NOI $63,018 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
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 - Each residence offers three bedrooms, two-and-a-half baths, and a private garage.
Where is this duplex located?
The property is located at Cd-9219 Noel St Houston, TX.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Two residences at one address; Each unit has 3 bedrooms, 2.5 baths, and a private garage; 12‑foot ceilings, oversized windows, and open layouts
