Contemporary Stacked
New
For Sale
$519,900
1018 Calvin Ave A-B, Houston, TX 77088
Open-plan interiors feature modern kitchens with stone countertops and abundant natural light.
Property Size2,760 SF
Days on Market6
Property Features for 1018 Calvin Ave A-B
General Information
Standard status
Active
Size
2,760 SF
Property subtype
Investment
Site & Location
Neighborhood
Acres Home
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$10,091
Building Details
Building Size
2,760 SF
Year Built
2023
Stories
2
Units
1
Listing Agency:
Brooks & Davis Real Estate
Listed By:
Andre Beraud · License #0667248
(832) 524-4526
Source:
Elliman
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 3 at 6:15AM
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 Brooks & Davis Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2023, this stacked duplex in Houston has open-concept living areas, modern kitchens with stone countertops, and natural light throughout. Unit B is occupied by a tenant, while the property’s layout includes two distinct units.
The property is at 1018 Calvin Ave A-B. BikeScore is 28 (Somewhat Bikeable), WalkScore is 11 (Car-Dependent), and TransitScore is 35 (Some Transit).
The property is at 1018 Calvin Ave A-B. BikeScore is 28 (Somewhat Bikeable), WalkScore is 11 (Car-Dependent), and TransitScore is 35 (Some Transit).
Key Highlights
- Construction completed in 2023
- Two‑unit stacked duplex at 1018 Calvin Ave A‑B in Houston
- A tenant currently occupies Unit B
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,150
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$723,000
$723.0K
Cap Rate 7%
$516,429
$516.4K
Cap Rate 9%
$401,667
$401.7K
Market Conditions
NOI Build-Up for 2,760 SF
Gross rent
$54.6K $19.80/SF
− Vacancy
−$3.0K −$1.09/SF
EGI
$51.6K $18.71/SF
− OpEx
−$15.5K −$5.61/SF
NOI
$36.1K $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%
$723,000
Cap Rate 7%
$516,429
Cap Rate 9%
$401,667
Alternative Uses
Best Use
Multifamily LT 5
$516.4K
$451.9K – $602.5K
NOI $36,150 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$446.7K
$390.9K – $521.1K
NOI $31,268 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$709.7K
$621.0K – $828.0K
NOI $49,680 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
378
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
Frequently Asked Questions
What type of property is this?
Duplex - Open-plan interiors feature modern kitchens with stone countertops and abundant natural light.
Where is this duplex located?
The property is located at 1018 Calvin Ave A-B Houston, TX.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: Construction completed in 2023; Two‑unit stacked duplex at 1018 Calvin Ave A‑B in Houston; A tenant currently occupies Unit B
