Well-Maintained Duplex
1123 Runneburg Rd Crosby, TX 77532
New
For Sale
$379,900
Well-maintained duplex with two 4-bedroom units, one currently leased and the other available.
Property Size3,600 SF
Price / SF$105.53
Days on Market3
Property Features for 1123 Runneburg Rd
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- Investment
Building Details
- Year Built
- 2014
Listing Agency:
(281) 642-8475
Listed By:
Lynnea Beale · License #592643,PersonLicenseNumber
(281) 642-8475
Source:
Elliman
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 25 at 4:05PM
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 Lynnea Beale
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two spacious residential units. Each unit is described as approximately 1,800 square feet and includes four bedrooms and 2.5 baths, along with attractive wood flooring and a functional open layout.
One unit is currently leased, providing immediate rental income, while the second unit offers flexibility for an owner-occupant or an additional tenant. The property is conveniently located just off Hwy 90, with access to shopping, dining, and schools, along with an easy commute to Houston.
BikeScore is 36 (somewhat bikeable) and walkScore is 46 (car-dependent).
One unit is currently leased, providing immediate rental income, while the second unit offers flexibility for an owner-occupant or an additional tenant. The property is conveniently located just off Hwy 90, with access to shopping, dining, and schools, along with an easy commute to Houston.
BikeScore is 36 (somewhat bikeable) and walkScore is 46 (car-dependent).
Key Highlights
- Well‑maintained duplex built in 2014 with 2 units
- Each unit offers approximately 1,800 SF with 4 bedrooms and 2.5 bathrooms
- One unit is currently leased, providing immediate rental income
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.2k | $12.00 |
| − Vacancy | −$3.9k | −$1.08 |
| EGI | $39.3k | $10.92 |
| − OpEx | −$11.8k | −$3.27 |
| NOI | $27.5k | $7.64 |
3,600 SF · lease $12.00/SF/yr · vacancy 9.03% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$393.0K
$343.9K – $458.5K
NOI $27,509 @ 7.0% cap · market cap 7.24%
Second Best
Apartment 5plus
$341.0K
$298.4K – $397.8K
NOI $23,868 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$983.0K
$860.1K – $1.15M
NOI $68,809 @ 7.0% cap · market cap 18.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained duplex with two 4-bedroom units, one currently leased and the other available.
Where is this duplex located?
The property is located at 1123 Runneburg Rd Crosby, TX.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Well‑maintained duplex built in 2014 with 2 units; Each unit offers approximately 1,800 SF with 4 bedrooms and 2.5 bathrooms; One unit is currently leased, providing immediate rental income
