Two-Unit Duplex with Fenced
For Sale
$477,978
1029 Junell St, Houston, TX 77088
Both residences include private entrances, individual central A/C, and separately metered utilities.
Property Size2,747 SF
Days on Market28
Property Features for 1029 Junell St
General Information
Standard status
Active
Size
2,747 SF
Property subtype
Investment
Site & Location
Neighborhood
Acres Home
Taxes and HOA fees
Annual Taxes
$1,367
Building Details
Building Size
2,747 SF
Year Built
2026
Stories
2
Units
1
Listed By:
Marjorie Portillo
(786) 452-3020
Source:
Elliman
Added: Sep 29
Changed: Oct 23
Last Checked: Oct 24 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 Marjorie Portillo
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.
Completed in 2026, this two-story duplex contains approximately 2,747 SF, with 1,374 SF in each residence. Both units have three bedrooms, 2.5 bathrooms, open living areas, kitchens, laundry connections, private entries, and separately enclosed backyards. Each residence also has its own central A/C, and utilities are separately metered. The property has no gas service and no HOA.
The Houston property is near Bush International Airport, I-45, Downtown, and The Heights.
The Houston property is near Bush International Airport, I-45, Downtown, and The Heights.
Key Highlights
- Two residences, each with 3 bedrooms and 2.5 bathrooms
- Approximately 2,747 SF total; 1,374 SF per unit
- Two‑story property completed in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,979
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$719,580
$719.6K
Cap Rate 7%
$513,986
$514.0K
Cap Rate 9%
$399,767
$399.8K
Market Conditions
NOI Build-Up for 2,747 SF
Gross rent
$54.4K $19.80/SF
− Vacancy
−$3.0K −$1.09/SF
EGI
$51.4K $18.71/SF
− OpEx
−$15.4K −$5.61/SF
NOI
$36.0K $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%
$719,580
Cap Rate 7%
$513,986
Cap Rate 9%
$399,767
Alternative Uses
Best Use
Multifamily LT 5
$514.0K
$449.7K – $599.7K
NOI $35,979 @ 7.0% cap · market cap 7.53%
Second Best
Apartment 5plus
$444.6K
$389.0K – $518.7K
NOI $31,121 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$706.4K
$618.1K – $824.1K
NOI $49,446 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
387
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 - Both residences include private entrances, individual central A/C, and separately metered utilities.
Where is this duplex located?
The property is located at 1029 Junell St Houston, TX.
What is the asking price?
The asking price for this property is $477,978.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2.5 bathrooms; Approximately 2,747 SF total; 1,374 SF per unit; Two‑story property completed in 2026
