Two-Story Duplex with Quartz
For Sale
$499,500
11021 Melba Lane Unit A/B, Houston, TX 77041
Front and back residences feature open layouts, stainless steel appliances, and primary suites with oversized walk-in closets.
Property Size2,710 SF
Days on Market52
Property Features for 11021 Melba Lane Unit A/B
General Information
Standard status
Active
Size
2,710 SF
Property subtype
Multi Family,Duplex
Units
Unit Mix
2 x 3BR/3BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,275
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:
Mpowerrealtygroup
Added: Sep 14
Changed: Oct 31
Last Checked: Nov 3 at 1:42PM
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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Investment Insights
Based on property information with market context.
Completed in 2026, this duplex includes two separate residences arranged as a front unit and a back unit. Each two-story home provides 3 bedrooms and 3 full bathrooms, for a combined total of 6 bedrooms and 6 full bathrooms. Interior details include open-concept living areas, quartz countertops, matte black fixtures, stainless steel appliances, and flooring without carpet. Each primary suite includes a large walk-in closet.
The property is located just north of Spring Branch and is minutes from Memorial City, the Energy Corridor, the Galleria, Beltway 8, and I-10. The property is not in a flood zone. Its two-unit layout supports both owner-occupancy and investor-oriented use, as stated in the property information.
The property is located just north of Spring Branch and is minutes from Memorial City, the Energy Corridor, the Galleria, Beltway 8, and I-10. The property is not in a flood zone. Its two-unit layout supports both owner-occupancy and investor-oriented use, as stated in the property information.
Key Highlights
- Two‑unit duplex completed in 2026
- Each unit includes 3 bedrooms and 3 full bathrooms
- Combined total of 6 bedrooms and 6 full bathrooms
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 - Front and back residences feature open layouts, stainless steel appliances, and primary suites with oversized walk-in closets.
Where is this duplex located?
The property is located at 11021 Melba Lane Unit 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: Two‑unit duplex completed in 2026; Each unit includes 3 bedrooms and 3 full bathrooms; Combined total of 6 bedrooms and 6 full bathrooms
