Two-Story
For Sale
$499,500
11019 Melba Lane #A/B, Houston, TX 77041
Two separate residences offer open layouts, primary suites, and no-carpet flooring.
Property Size2,710 SF
Days on Market44
Property Features for 11019 Melba Lane #A/B
General Information
Standard status
Active
Size
2,710 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/3BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Building Size
2,710 SF
Year Built
2026
Buildings
1
Stories
2
Listing Agency:
R. Alexa Group
Listed By:
Obinna Duru
(832) 983-7122
Source:
Renesorola.kw
Added: Sep 13
Changed: Oct 25
Last Checked: Oct 24 at 1:49PM
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 R. Alexa Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2026, this duplex contains front and rear residences, each arranged across two stories with 3 bedrooms and 3 full bathrooms. Together, the units provide 6 bedrooms and 6 full bathrooms. Both have open-concept layouts and primary suites with walk-in closets. Interior features include quartz countertops, matte black fixtures, stainless steel appliances, and flooring without carpet.
The property has no HOA and is not in a flood zone. Memorial City, the Energy Corridor, the Galleria, Beltway 8, and I-10 are identified as nearby destinations and routes.
The property has no HOA and is not in a flood zone. Memorial City, the Energy Corridor, the Galleria, Beltway 8, and I-10 are identified as nearby destinations and routes.
Key Highlights
- Duplex built in 2026 with separate front and rear units
- 6 bedrooms and 6 full bathrooms in total; each unit has 3 bedrooms and 3 full bathrooms
- Both residences span two stories and have open‑concept layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,495
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$709,900
$709.9K
Cap Rate 7%
$507,071
$507.1K
Cap Rate 9%
$394,389
$394.4K
Market Conditions
NOI Build-Up for 2,710 SF
Gross rent
$53.7K $19.80/SF
− Vacancy
−$3.0K −$1.09/SF
EGI
$50.7K $18.71/SF
− OpEx
−$15.2K −$5.61/SF
NOI
$35.5K $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%
$709,900
Cap Rate 7%
$507,071
Cap Rate 9%
$394,389
Alternative Uses
Best Use
Multifamily LT 5
$507.1K
$443.7K – $591.6K
NOI $35,495 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$438.6K
$383.8K – $511.7K
NOI $30,702 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$696.9K
$609.8K – $813.0K
NOI $48,780 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
882
Businesses Nearby
Explore this area
Business Placement
Demographics for 77041, TX
35,958
Population
11,877
Households
3
Avg Household Size
38
Median Age
38%
College-Educated
84%
High-School Grad
18.9 sq mi
ZIP Area
1,903
Density / Sq Mi
$79,164
Median Household Income
$40,991
Median Earnings
$1,638
Median Rent
$269,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer open layouts, primary suites, and no-carpet flooring.
Where is this duplex located?
The property is located at 11019 Melba Lane #A/B Houston, TX.
What is the asking price?
The asking price for this property is $499,500.
What are key features of this property?
This property features: Duplex built in 2026 with separate front and rear units; 6 bedrooms and 6 full bathrooms in total; each unit has 3 bedrooms and 3 full bathrooms; Both residences span two stories and have open‑concept layouts
