Updated Two-Unit
10011 & 10013 Spring Place Drive, Houston, TX 77070
For Sale
$339,000
Each residence has three bedrooms, two-and-a-half baths, a garage, and a fenced backyard.
Property Size2,672 SF
Price / SF$126.87
Days on Market50
Property Features for 10011 & 10013 Spring Place Drive
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
R. Alexa Group
Listed By:
Obinna Duru
(832) 983-7122
Source:
Biermanrealty
Added: Sep 22
Changed: Nov 9
Last Checked: Nov 9 at 5:45PM
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 R. Alexa Group
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Investment Insights
Based on property information with market context.
This Houston duplex contains two residences totaling 2,672 square feet. Each unit offers three bedrooms, two-and-a-half baths, a one-car garage, a private driveway, and a fenced backyard. The interiors have been remodeled with LVP flooring throughout and no carpet, alongside open living, dining, and kitchen areas. A brick facade completes the exterior. Roof work and exterior siding and paint updates date to 2023; HVAC systems were updated in 2023 and 2024.
One unit is vacant, freshly repainted, and available for showings. The other is occupied by a tenant and may be shown after contract acceptance. The property has no HOA and is identified as outside the flood zone. It is served by Cy-Fair ISD schools and is near Willowbrook Mall and US 290.
One unit is vacant, freshly repainted, and available for showings. The other is occupied by a tenant and may be shown after contract acceptance. The property has no HOA and is identified as outside the flood zone. It is served by Cy-Fair ISD schools and is near Willowbrook Mall and US 290.
Key Highlights
- Two‑unit duplex totaling 2,672 SF
- Each unit has 3 bedrooms, 2.5 baths, and a 1‑car garage
- Roof updated in 2023; HVAC systems updated in 2023/2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,272
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,440
$605.4K
Cap Rate 7%
$432,457
$432.5K
Cap Rate 9%
$336,356
$336.4K
Market Conditions
NOI Build-Up for 2,672 SF
Gross rent
$58.7K $21.96/SF
− Vacancy
−$3.6K −$1.36/SF
EGI
$55.0K $20.60/SF
− OpEx
−$24.8K −$9.27/SF
NOI
$30.3K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,440
Cap Rate 7%
$432,457
Cap Rate 9%
$336,356
Alternative Uses
Best Use
Multifamily LT 5
$500.0K
$437.5K – $583.3K
NOI $34,997 @ 7.0% cap · market cap 10.32%
Second Best
Apartment 5plus
$432.5K
$378.4K – $504.5K
NOI $30,272 @ 7.0% cap · market cap 8.93%
Theoretical Best
Office A
$687.1K
$601.2K – $801.6K
NOI $48,096 @ 7.0% cap · market cap 14.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
510
Businesses Nearby
Explore this area
Business Placement
Demographics for 77070, TX
52,943
Population
23,272
Households
2.3
Avg Household Size
36
Median Age
38%
College-Educated
91%
High-School Grad
13.0 sq mi
ZIP Area
4,073
Density / Sq Mi
$72,440
Median Household Income
$44,073
Median Earnings
$1,571
Median Rent
$264,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Houston, TX
Properties on Market for Duplexes in Houston
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, two-and-a-half baths, a garage, and a fenced backyard.
Where is this duplex located?
The property is located at 10011 & 10013 Spring Place Drive Houston, TX.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,672 SF; Each unit has 3 bedrooms, 2.5 baths, and a 1‑car garage; Roof updated in 2023; HVAC systems updated in 2023/2024
