Two-Story Duplex with
For Sale
$494,999
1052 North Lane A/B, Houston, TX 77088
New construction offers open living areas, fenced grounds, and a complete appliance package.
Property Size3,002 SF
Price / SF$164.89
Days on Market50
Property Features for 1052 North Lane A/B
General Information
Standard status
Active
Size
3,002 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/3BA, 1 x 3BR/2.5BA
Multifamily Units
2
Building Details
Year Built
2026
Buildings
1
Stories
2
Listing Agency:
La Palma Realty
Listed By:
Christina Tantoco
(713) 701-7545
Source:
Doorstephomegroup
Added: Jul 15
Changed: Aug 29
Last Checked: Sep 1 at 9:28PM
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 La Palma Realty
Investment Insights
Based on property information with market context.
This two-story duplex is under construction with completion scheduled for the last days of June 2026. The 3,002-square-foot property includes two residential units, each with three bedrooms and an open-concept layout; bathroom counts vary between the units. A carport serves the property, which is fully fenced. Interior finishes include luxury vinyl plank flooring throughout, while the kitchens are equipped with a stove/range, microwave, and dishwasher.
The property is located at 1052 North Lane A/B in Houston, Texas 77088, approximately 20 minutes from downtown. Access is available by appointment only.
The property is located at 1052 North Lane A/B in Houston, Texas 77088, approximately 20 minutes from downtown. Access is available by appointment only.
Key Highlights
- Two‑unit duplex totaling 3,002 SF
- Completion scheduled for the last days of June 2026
- Two‑story design with open‑concept layouts
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,319
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$786,380
$786.4K
Cap Rate 7%
$561,700
$561.7K
Cap Rate 9%
$436,878
$436.9K
Market Conditions
NOI Build-Up for 3,002 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$59.4K $19.80/SF
− Vacancy
−$3.3K −$1.09/SF
EGI
$56.2K $18.71/SF
− OpEx
−$16.9K −$5.61/SF
NOI
$39.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$786,380
Cap Rate 7%
$561,700
Cap Rate 9%
$436,878
Alternative Uses
Best Use
Multifamily LT 5
$561.7K
$491.5K – $655.3K
NOI $39,319 @ 7.0% cap · market cap 7.94%
Second Best
Apartment 5plus
$485.9K
$425.1K – $566.8K
NOI $34,010 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$771.9K
$675.5K – $900.6K
NOI $54,036 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
227
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - New construction offers open living areas, fenced grounds, and a complete appliance package.
Where is this duplex located?
The property is located at 1052 North Lane A/B Houston, TX.
What is the asking price?
The asking price for this property is $494,999.
What are key features of this property?
This property features: Two‑unit duplex totaling 3,002 SF; Completion scheduled for the last days of June 2026; Two‑story design with open‑concept layouts
