6-Unit Duplex
For Sale
$799,900
120 W 12th Street, Deer Park, TX 77536
Three duplex buildings offer two-bedroom layouts and driveway parking for residents.
Property Size5,400 SF
Lot Size0.46 Acres
Price / SF$148.13
Days on Market29
Property Features for 120 W 12th Street
General Information
Standard status
Active
Size
5,400 SF
Lot size
0.46 Acres
Property subtype
Multi Family,Duplex
Units
Unit Mix
2 x 2BR/2BA, 4 x 2BR/1.5BA
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$28,808
Building Details
Building Size
5,400 SF
Year Built
2020
Buildings
3
Listing Agency:
Victory Properties, Inc.
Listed By:
Troy Cothran · License #0336095
(281) 389-8801
Source:
Kimberlylaneproperties
Added: Sep 30
Changed: Oct 26
Last Checked: Oct 26 at 3:01PM
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 Victory Properties, Inc.
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Investment Insights
Based on property information with market context.
This six-unit property comprises three duplexes with a combined 5,400 square feet on a 20,000-square-foot lot. Each unit has two bedrooms. One duplex has two bathrooms per unit, while the other two have one and a half bathrooms per unit. A large driveway provides parking for the units.
The property is within Deer Park ISD.
The property is within Deer Park ISD.
Key Highlights
- Three duplexes with six total units
- 5,400 square feet on a 20,000 sqft lot
- All units have two bedrooms; one duplex has 2‑bath units, and two have 1.5‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,264
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$825,280
$825.3K
Cap Rate 7%
$589,486
$589.5K
Cap Rate 9%
$458,489
$458.5K
Market Conditions
NOI Build-Up for 5,400 SF
Gross rent
$64.8K $12.00/SF
− Vacancy
−$5.9K −$1.08/SF
EGI
$58.9K $10.92/SF
− OpEx
−$17.7K −$3.27/SF
NOI
$41.3K $7.64/SF
Area
Harris County, TX
Vacancy
9.03%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$825,280
Cap Rate 7%
$589,486
Cap Rate 9%
$458,489
Alternative Uses
Best Use
Multifamily LT 5
$589.5K
$515.8K – $687.7K
NOI $41,264 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$511.5K
$447.5K – $596.7K
NOI $35,802 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,213 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
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Business Placement
Demographics for 77536, TX
33,693
Population
12,086
Households
2.8
Avg Household Size
37
Median Age
26%
College-Educated
91%
High-School Grad
9.8 sq mi
ZIP Area
3,438
Density / Sq Mi
$96,297
Median Household Income
$49,817
Median Earnings
$1,344
Median Rent
$238,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Three duplex buildings offer two-bedroom layouts and driveway parking for residents.
Where is this duplex located?
The property is located at 120 W 12th Street Deer Park, TX.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Three duplexes with six total units; 5,400 square feet on a 20,000 sqft lot; All units have two bedrooms; one duplex has 2‑bath units, and two have 1.5‑bath units
