Two-Story Duplex with Covered
For Sale
$475,000
6501 Osprey Drive, Houston, TX 77048
MULTI_FAMILY - Houston, TX
Property Size2,236 SF
Lot Size0.09 Acres
Price / SF$212.43
Days on Market92
Property Features for 6501 Osprey Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 4, Bathroom 2
Parking
4
Parking features
Assigned
Patio and Porch features
Patio
Interior features
BreakfastBar, CeilingFans
Appliances
Dishwasher, ElectricOven, ElectricRange, FreeStandingRange, Microwave, Refrigerator, Dryer, Washer
Subdivision
Noah Springs
Lot features
Interior Lot
Elementary school district
Other ISD
Middle school district
Other ISD
High school district
Other ISD
Standard status
Active
APN
144-633-001-0001
Size
2,236 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Description
LT 1+2 BLK 1 NOAH SPRINGS
Tax Annual Amount
7477
Legal Description
LT 1+2 BLK 1 NOAH SPRINGS
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2020
Floors in Building
2
Number of units
2
Flooring type
Carpet, Tile
Building materials
HardiplankType
Roof type
Shingle
Listing Agency:
Texas Ally Real Estate Group
(512) 763-2559
Listed By:
Justine Cornell · License #0754899
(805) 358-3307
Added: May 2
Changed: Jul 30
Last Checked: Aug 1 at 8:06AM
MLS# 475852
Copyright © 2026 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2020, this two-story duplex includes two side-by-side units, each offering an open concept 2-bedroom, 1.5-bath layout with first-floor living. Each unit also includes a half bath and a dedicated laundry room, with two bedrooms and a full bath located on the second floor. Flooring includes carpet and tile, and each unit has walk-in closets plus a utility room. The property is equipped with a Rheem water heater and Trane AC, and the home includes appliances such as a refrigerator, washer, dryer, dishwasher, and stove/range. Outside, both sides offer a fenced backyard with a covered patio, and there are 4 parking spots total (2 per unit).
Located at 6501 Osprey Drive in Houston, TX 77048, the duplex is convenient to shopping, dining, and major employers including the Medical Center and Houston Hobby Airport. It is also close to 288, I-45, and I-610. Water service and sewer are public.
On-site materials include HardiPlank-type construction and a shingle roof. The property totals 2,236 square feet on a 0.09-acre lot.
Located at 6501 Osprey Drive in Houston, TX 77048, the duplex is convenient to shopping, dining, and major employers including the Medical Center and Houston Hobby Airport. It is also close to 288, I-45, and I-610. Water service and sewer are public.
On-site materials include HardiPlank-type construction and a shingle roof. The property totals 2,236 square feet on a 0.09-acre lot.
Key Highlights
- Built in 2020 two‑story duplex totaling 2,236 SF on a 0.09‑acre lot
- Two 2‑bedroom, 1.5‑bath units with open concept first‑floor living
- Fenced backyard with covered patio on both sides
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.3k | $19.80 |
| − Vacancy | −$2.4k | −$1.09 |
| EGI | $41.8k | $18.71 |
| − OpEx | −$12.6k | −$5.61 |
| NOI | $29.3k | $13.10 |
2,236 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$418.4K
$366.1K – $488.1K
NOI $29,286 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$361.9K
$316.7K – $422.2K
NOI $25,332 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$575.0K
$503.1K – $670.8K
NOI $40,248 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
Explore this area
Business Placement
Demographics for 77048, TX
20,536
Population
8,029
Households
2.6
Avg Household Size
33
Median Age
21%
College-Educated
83%
High-School Grad
11.5 sq mi
ZIP Area
1,786
Density / Sq Mi
$54,625
Median Household Income
$36,864
Median Earnings
$1,317
Median Rent
$190,900
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 - Built in 2020, this duplex features two 2-bedroom, 1.5-bath units with fenced backyards and covered patios.
Where is this duplex located?
The property is located at 6501 Osprey Drive Houston, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Built in 2020 two‑story duplex totaling 2,236 SF on a 0.09‑acre lot; Two 2‑bedroom, 1.5‑bath units with open concept first‑floor living; Fenced backyard with covered patio on both sides
