New Construction Duplex with
For Sale
$469,400
1006 Garapan Street A, Houston, TX 77091
Two independent residences combine contemporary finishes, open layouts, private garages, and convenient access to Houston employment and amenities.
Property Size2,600 SF
Price / SF$180.54
Days on Market95
Property Features for 1006 Garapan Street A
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
2026
Listing Agency:
Michael Group Realty LLC
Listed By:
Michael Lindsay · License #6502345204
(888) 316-7574
Source:
Thebandpteam
Added: Jul 15
Changed: Oct 12
Last Checked: Oct 7 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 Michael Group Realty LLC
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Investment Insights
Based on property information with market context.
Completed as new construction in 2026, this duplex contains two separate residences, each with approximately 2,600 square feet including its attached garage. Both units provide three bedrooms, two full bathrooms, open-concept living areas, modern kitchens with contemporary cabinetry and premium countertops, expansive primary suites with ensuite bathrooms, secondary bedrooms, energy-efficient systems, and additional storage.
The property is located in Northwest Houston with access to Downtown Houston, The Heights, I-45, and Loop 610. Shopping, dining, entertainment, parks, and recreational amenities are also identified in the surrounding area. The two-residence configuration supports independent occupancy within one building.
The property is located in Northwest Houston with access to Downtown Houston, The Heights, I-45, and Loop 610. Shopping, dining, entertainment, parks, and recreational amenities are also identified in the surrounding area. The two-residence configuration supports independent occupancy within one building.
Key Highlights
- Two independent residences in a new‑construction duplex completed in 2026
- Each unit offers approximately 2,600 square feet, including an attached garage
- Both residences feature 3 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,054
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$681,080
$681.1K
Cap Rate 7%
$486,486
$486.5K
Cap Rate 9%
$378,378
$378.4K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$51.5K $19.80/SF
− Vacancy
−$2.8K −$1.09/SF
EGI
$48.6K $18.71/SF
− OpEx
−$14.6K −$5.61/SF
NOI
$34.1K $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%
$681,080
Cap Rate 7%
$486,486
Cap Rate 9%
$378,378
Alternative Uses
Best Use
Multifamily LT 5
$486.5K
$425.7K – $567.6K
NOI $34,054 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$420.8K
$368.2K – $490.9K
NOI $29,456 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$668.6K
$585.0K – $780.0K
NOI $46,800 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
292
Businesses Nearby
Explore this area
Business Placement
Demographics for 77091, TX
28,020
Population
12,501
Households
2.2
Avg Household Size
34
Median Age
19%
College-Educated
73%
High-School Grad
7.1 sq mi
ZIP Area
3,946
Density / Sq Mi
$35,737
Median Household Income
$28,906
Median Earnings
$1,061
Median Rent
$223,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two independent residences combine contemporary finishes, open layouts, private garages, and convenient access to Houston employment and amenities.
Where is this duplex located?
The property is located at 1006 Garapan Street A Houston, TX.
What is the asking price?
The asking price for this property is $469,400.
What are key features of this property?
This property features: Two independent residences in a new‑construction duplex completed in 2026; Each unit offers approximately 2,600 square feet, including an attached garage; Both residences feature 3 bedrooms and 2 full bathrooms
