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 Market96
Property Features for 11328 Palmsprings Drive
General Information
Standard status
Active
Size
2,658 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
South Belt / Ellington
Taxes and HOA fees
Annual Taxes
$10,111
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
Stories
2
Listing Agency:
Tri-County Realty, LLC
(713) 961-1722
Listed By:
Sinta Fuhrmann
(832) 301-2568
Source:
Garygreene
Added: Jul 23
Changed: Oct 25
Last Checked: Oct 24 at 3:16PM
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 Tri-County Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$30,113
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,260
$602.3K
Cap Rate 7%
$430,186
$430.2K
Cap Rate 9%
$334,589
$334.6K
Market Conditions
NOI Build-Up for 2,658 SF
Gross rent
$58.4K $21.96/SF
− Vacancy
−$3.6K −$1.36/SF
EGI
$54.8K $20.60/SF
− OpEx
−$24.6K −$9.27/SF
NOI
$30.1K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,260
Cap Rate 7%
$430,186
Cap Rate 9%
$334,589
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
960
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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
