Duplex-Style Duet
11819 Tranquility Summit Drive Cypress, TX 77433
For Sale
$368,990
Open-concept duet with wood-look tile, a large granite island, split bedrooms, and a primary suite with dual sinks and walk-in shower.
Property Size1,658 SF
Price / SF$222.55
Days on Market16
Property Features for 11819 Tranquility Summit Drive
General Information
- Standard status
- Active
- Size
- 1,658 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2019
Listing Agency:
Perry Homes Realty, LLC
(832) 541-7545
Listed By:
Rickey Chavez · License #0683514
(832) 541-7545
Source:
Garygreene
Added: Jul 9
Changed: Jul 24
Last Checked: Jul 24 at 4:50AM
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 Perry Homes Realty, LLC
Investment Insights
Based on property information with market context.
This duplex-style duet home features an open-concept interior with wood-look tile flooring and a spacious living area designed for everyday comfort. The kitchen includes an extra-large extended granite island, a farmhouse sink, under-cabinet lighting, and ample prep space. A split-bedroom layout adds privacy, with the primary suite offering dual sinks and a walk-in shower. Two additional bedrooms and a full bath provide flexibility for family, guests, or a home office.
Located at 11819 Tranquility Summit Drive in Cypress, Texas 77433, the home is positioned with no rear neighbors and views of a greenbelt waterfront.
With its single-level flow and practical bedroom arrangement, the home is well-suited for low-maintenance living within the Harmony Grove area of Bridgeland’s Lakeland Heights.
Located at 11819 Tranquility Summit Drive in Cypress, Texas 77433, the home is positioned with no rear neighbors and views of a greenbelt waterfront.
With its single-level flow and practical bedroom arrangement, the home is well-suited for low-maintenance living within the Harmony Grove area of Bridgeland’s Lakeland Heights.
Key Highlights
- Duet home built in 2019 with 3 bedrooms, 2 full baths, and 1,658 SF of living area
- Open‑concept layout with kitchen‑family room combination plus living/dining room combination
- Kitchen features an extended granite island, farmhouse sink, under‑cabinet lighting, and walk‑in pantry
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 | $19.9k | $12.00 |
| − Vacancy | −$1.8k | −$1.08 |
| EGI | $18.1k | $10.92 |
| − OpEx | −$5.4k | −$3.27 |
| NOI | $12.7k | $7.64 |
1,658 SF · lease $12.00/SF/yr · vacancy 9.03% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$181.0K
$158.4K – $211.2K
NOI $12,670 @ 7.0% cap · market cap 3.43%
Second Best
Apartment 5plus
$157.0K
$137.4K – $183.2K
NOI $10,993 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$452.7K
$396.1K – $528.2K
NOI $31,690 @ 7.0% cap · market cap 8.59%
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 - Open-concept duet with wood-look tile, a large granite island, split bedrooms, and a primary suite with dual sinks and walk-in shower.
Where is this duplex located?
The property is located at 11819 Tranquility Summit Drive Cypress, TX.
What is the asking price?
The asking price for this property is $368,990.
What are key features of this property?
This property features: Duet home built in 2019 with 3 bedrooms, 2 full baths, and 1,658 SF of living area; Open‑concept layout with kitchen‑family room combination plus living/dining room combination; Kitchen features an extended granite island, farmhouse sink, under‑cabinet lighting, and walk‑in pantry
