Side-by-Side Duplex
For Sale
$549,990
G-f-2110 Dewalt St, Houston, TX 77088
Gated Houston community offering two adjacent homes with open-concept interiors, elevated ceilings, and access to an on-site dog park.
Property Size2,828 SF
Price / SF$194.48
Days on Market11
Property Features for G-f-2110 Dewalt St
General Information
Standard status
Active
Size
2,828 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Amenities
dog park
Listing Agency:
New Age
(713) 505-8805
Listed By:
Ashwin Kewalramani · License #0700464
(713) 373-7401
Source:
Exprealty
Added: Sep 21
Changed: Sep 29
Last Checked: Oct 1 at 12:17PM
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 offering includes two homes positioned side by side within Shiloh Reserve, a gated residential community in Houston. The residences feature contemporary exteriors, open-concept interiors, bright living areas, and high ceilings. Two floor plan options are available, providing variation within the community’s modern home design approach.
Shiloh Reserve includes an expansive dog park and is located on Dewalt St. The property offers connectivity to Downtown Houston, The Heights, Oak Forest, and major commuter routes, placing it within reach of established Houston destinations and regional travel corridors.
Shiloh Reserve includes an expansive dog park and is located on Dewalt St. The property offers connectivity to Downtown Houston, The Heights, Oak Forest, and major commuter routes, placing it within reach of established Houston destinations and regional travel corridors.
Key Highlights
- Two homes offered side by side as a duplex opportunity
- Located within the gated Shiloh Reserve community
- Open‑concept layouts with bright living spaces and high ceilings
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
$37,040
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
6.73%
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%
$740,800
$740.8K
Cap Rate 7%
$529,143
$529.1K
Cap Rate 9%
$411,556
$411.6K
Market Conditions
NOI Build-Up for 2,828 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
$56.0K $19.80/SF
− Vacancy
−$3.1K −$1.09/SF
EGI
$52.9K $18.71/SF
− OpEx
−$15.9K −$5.61/SF
NOI
$37.0K $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%
$740,800
Cap Rate 7%
$529,143
Cap Rate 9%
$411,556
Alternative Uses
Best Use
Multifamily LT 5
$529.1K
$463.0K – $617.3K
NOI $37,040 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$457.7K
$400.5K – $534.0K
NOI $32,039 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$727.2K
$636.3K – $848.4K
NOI $50,904 @ 7.0% cap · market cap 9.26%
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
508
Businesses Nearby
Explore this area
Business Placement
Demographics for 77088, TX
54,320
Population
18,500
Households
2.9
Avg Household Size
35
Median Age
13%
College-Educated
72%
High-School Grad
11.1 sq mi
ZIP Area
4,894
Density / Sq Mi
$52,549
Median Household Income
$32,015
Median Earnings
$1,177
Median Rent
$173,900
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 - Gated Houston community offering two adjacent homes with open-concept interiors, elevated ceilings, and access to an on-site dog park.
Where is this duplex located?
The property is located at G-f-2110 Dewalt St Houston, TX.
What is the asking price?
The asking price for this property is $549,990.
What are key features of this property?
This property features: Two homes offered side by side as a duplex opportunity; Located within the gated Shiloh Reserve community; Open‑concept layouts with bright living spaces and high ceilings
