Income-Producing
For Sale
$349,999
11328 Palmsprings Drive, Houston, TX 77034
Two-unit duplex with modern finishes and functional floor plans, offered as an income-producing residential property.
Property Size2,658 SF
Price / SF$131.68
Days on Market9
Property Features for 11328 Palmsprings Drive
General Information
Standard status
Active
Size
2,658 SF
Property subtype
Multi-Family
Amenities
Tile,Carpet
Yes
3
4
Washer Hookup,Dryer Hookup
Appraiser
Granite Counters,Ceiling Fan(s)
Other,Subdivision
3600
Paved
2658
Building Details
Building Size
2,658 SF
Year Built
2019
Listing Agency:
Winhill Advisors - Kirby
(832) 301-2568
Listed By:
Sinta Fuhrmann
(832) 301-2568
Source:
Garygreene
Added: Jul 23
Changed: Jul 26
Last Checked: Jul 31 at 3:39AM
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 Winhill Advisors - Kirby
Investment Insights
Based on property information with market context.
11328 Palmsprings Drive is an income-producing duplex featuring two separate units with light-filled interiors, functional floor plans, and modern finishes. Each unit includes a kitchen with ample cabinet space designed for everyday comfort and tenant appeal.
The property is located in Southeast Houston with convenient access to I-45, Beltway 8, and Almeda Genoa Road. Nearby destinations include Almeda Mall, H-E-B, Beverly Hills Park, and Sagemont Park.
Offered for sale, the duplex is presented as a newer-construction asset intended to support immediate rental potential, combining practical unit design with straightforward access to major routes and surrounding retail and neighborhood amenities.
The property is located in Southeast Houston with convenient access to I-45, Beltway 8, and Almeda Genoa Road. Nearby destinations include Almeda Mall, H-E-B, Beverly Hills Park, and Sagemont Park.
Offered for sale, the duplex is presented as a newer-construction asset intended to support immediate rental potential, combining practical unit design with straightforward access to major routes and surrounding retail and neighborhood amenities.
Key Highlights
- Income‑producing 2‑unit duplex in Southeast Houston at 11328 Palmsprings Drive
- Built in 2019 with 2,658 total building area
- Each unit includes 4 bedrooms and 3 total baths; tile and carpet flooring
Financial Insights For Apartment 5plus
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 | $58.4k | $21.96 |
| − Vacancy | −$3.6k | −$1.36 |
| EGI | $54.8k | $20.60 |
| − OpEx | −$24.6k | −$9.27 |
| NOI | $30.1k | $11.33 |
2,658 SF · lease $21.96/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$497.3K
$435.2K – $580.2K
NOI $34,814 @ 7.0% cap · market cap 9.95%
Second Best
Apartment 5plus
$430.2K
$376.4K – $501.9K
NOI $30,113 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$683.5K
$598.1K – $797.4K
NOI $47,844 @ 7.0% cap · market cap 13.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
Explore this area
Business Placement
Demographics for 77034, TX
38,186
Population
14,188
Households
2.7
Avg Household Size
31
Median Age
13%
College-Educated
70%
High-School Grad
14.2 sq mi
ZIP Area
2,689
Density / Sq Mi
$59,516
Median Household Income
$35,127
Median Earnings
$1,178
Median Rent
$178,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex with modern finishes and functional floor plans, offered as an income-producing residential property.
Where is this duplex located?
The property is located at 11328 Palmsprings Drive Houston, TX.
What is the asking price?
The asking price for this property is $349,999.
What are key features of this property?
This property features: Income‑producing 2‑unit duplex in Southeast Houston at 11328 Palmsprings Drive; Built in 2019 with 2,658 total building area; Each unit includes 4 bedrooms and 3 total baths; tile and carpet flooring
