Occupied Two-Unit
For Sale
$339,900
10028 Spring Pl Drive, Houston, TX 77070
Open-concept residences provide flexible living areas, private bedrooms, and dedicated garage parking on each side.
Property Size2,507 SF
Price / SF$135.58
Days on Market158
Property Features for 10028 Spring Pl Drive
General Information
Standard status
Active
Size
2,507 SF
Total Parking Spaces
2
Property subtype
Residential Income / Duplex
Occupancy
100%
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,246
Amenities
Two
Central Air, Electric
Central, Electric
2
Carpet, Tile
Dishwasher, Disposal
Yes
3
Composition
No
Brick, Cement Siding, Wood Siding
Building Details
Year Built
1983
Buildings
1
Tenancy
Multi
Listing Agency:
Compass
Listed By:
Laura Miranda · License #0648081
(281) 509-3604
Source:
Compass
Added: May 18
Changed: Oct 16
Last Checked: Oct 20 at 11:03PM
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 Compass
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Investment Insights
Based on property information with market context.
Located at 10028 Spring Place Dr in Houston, this duplex contains two occupied residences totaling 2,507 square feet. Built in 1983, the property offers a practical two-unit configuration for rental ownership or shared living arrangements.
Each residence includes 1,253 square feet with three bedrooms, two-and-one-half bathrooms, and a one-car garage. The interiors use an open arrangement connecting the living, dining, and kitchen areas. Both units are currently occupied, and the property has never flooded.
Each residence includes 1,253 square feet with three bedrooms, two-and-one-half bathrooms, and a one-car garage. The interiors use an open arrangement connecting the living, dining, and kitchen areas. Both units are currently occupied, and the property has never flooded.
Key Highlights
- Two‑unit duplex with 2,507 square feet total
- Each unit measures 1,253 square feet
- Both residences offer 3 bedrooms and 2.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,402
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,040
$568.0K
Cap Rate 7%
$405,743
$405.7K
Cap Rate 9%
$315,578
$315.6K
Market Conditions
NOI Build-Up for 2,507 SF
Gross rent
$55.1K $21.96/SF
− Vacancy
−$3.4K −$1.36/SF
EGI
$51.6K $20.60/SF
− OpEx
−$23.2K −$9.27/SF
NOI
$28.4K $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%
$568,040
Cap Rate 7%
$405,743
Cap Rate 9%
$315,578
Alternative Uses
Best Use
Multifamily LT 5
$469.1K
$410.5K – $547.3K
NOI $32,836 @ 7.0% cap · market cap 9.66%
Second Best
Apartment 5plus
$405.7K
$355.0K – $473.4K
NOI $28,402 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$644.7K
$564.1K – $752.1K
NOI $45,126 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
470
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Open-concept residences provide flexible living areas, private bedrooms, and dedicated garage parking on each side.
Where is this duplex located?
The property is located at 10028 Spring Pl Drive Houston, TX.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,507 square feet total; Each unit measures 1,253 square feet; Both residences offer 3 bedrooms and 2.5 bathrooms
