Updated Duplex with Covered
For Sale
$499,900
10826 Lynbrook Drive, Houston, TX 77042
One unit is leased through September 2027, with separate HVAC systems and in-unit laundry.
Property Size2,575 SF
Price / SF$194.14
Days on Market64
Property Features for 10826 Lynbrook Drive
General Information
Standard status
Active
Size
2,575 SF
Total Parking Spaces
4
Property subtype
Residential Income / Duplex
Site & Location
Neighborhood
Briar Forest
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 bed / 2 bath, 3 bed / 2 bath
Multifamily Units
2
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$9,207
Amenities
wood-burning fireplace
in-unit washer and dryer
Building Details
Year Built
1978
Buildings
1
Listing Agency:
Horizon Realty
Listed By:
Candice Christian · License #0773058
(512) 940-0224
Source:
Compass
Added: Sep 4
Changed: Oct 26
Last Checked: Nov 4 at 2:36PM
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 Horizon Realty
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Investment Insights
Based on property information with market context.
This 2,575-square-foot duplex, built in 1978, combines updated interiors with practical unit-level systems. Unit B offers two bedrooms and two bathrooms, along with a renovated kitchen featuring stainless appliances, refreshed bathrooms, new paint, and an in-unit washer and dryer. Unit A includes three bedrooms and two bathrooms and is leased through September 2027. Each residence has its own updated HVAC system, while utilities are separately metered except for water. A new roof, wood-burning fireplace, and two parking spaces per unit—one covered and one open—add functional value. The property has no HOA.
Located at 10826 Lynbrook Drive in Houston, the duplex provides access to Beltway 8, Westpark Tollway, and I-10. Memorial, CityCentre, the Energy Corridor, and nearby hike-and-bike trails are minutes away. Showings for Unit A require advance notice.
Located at 10826 Lynbrook Drive in Houston, the duplex provides access to Beltway 8, Westpark Tollway, and I-10. Memorial, CityCentre, the Energy Corridor, and nearby hike-and-bike trails are minutes away. Showings for Unit A require advance notice.
Key Highlights
- 2,575‑square‑foot duplex built in 1978
- Unit B: 2 bed / 2 bath with renovated kitchen, updated baths, stainless appliances, and in‑unit laundry
- Unit A: 3 bed / 2 bath leased through September 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,727
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,540
$674.5K
Cap Rate 7%
$481,814
$481.8K
Cap Rate 9%
$374,744
$374.7K
Market Conditions
NOI Build-Up for 2,575 SF
Gross rent
$51.0K $19.80/SF
− Vacancy
−$2.8K −$1.09/SF
EGI
$48.2K $18.71/SF
− OpEx
−$14.5K −$5.61/SF
NOI
$33.7K $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%
$674,540
Cap Rate 7%
$481,814
Cap Rate 9%
$374,744
Alternative Uses
Best Use
Multifamily LT 5
$481.8K
$421.6K – $562.1K
NOI $33,727 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$416.8K
$364.7K – $486.2K
NOI $29,173 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$662.1K
$579.4K – $772.5K
NOI $46,350 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,053
Businesses Nearby
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Business Placement
Demographics for 77042, TX
41,177
Population
21,252
Households
1.9
Avg Household Size
34
Median Age
44%
College-Educated
89%
High-School Grad
6.2 sq mi
ZIP Area
6,641
Density / Sq Mi
$57,745
Median Household Income
$40,687
Median Earnings
$1,287
Median Rent
$371,300
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 - One unit is leased through September 2027, with separate HVAC systems and in-unit laundry.
Where is this duplex located?
The property is located at 10826 Lynbrook Drive Houston, TX.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 2,575‑square‑foot duplex built in 1978; Unit B: 2 bed / 2 bath with renovated kitchen, updated baths, stainless appliances, and in‑unit laundry; Unit A: 3 bed / 2 bath leased through September 2027
