Two-Story Duplex with Gated
For Sale
$469,500
1216 Johnston Street A/b, Houston, TX 77022
Both residences feature quartz counters, stainless steel appliances, and window blinds.
Property Size2,252 SF
Price / SF$208.48
Days on Market14
Property Features for 1216 Johnston Street A/b
General Information
Standard status
Active
Size
2,252 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Independence Heights
Highway Access
Yes
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,769
Amenities
gated entry
Plank,Vinyl
true
4
Washer Hookup,Dryer Hookup
Appraiser
Ceiling Fan(s),Programmable Thermostat
Other
4300
Two
2252
Building Details
Building Size
2,252 SF
Year Built
2025
Buildings
1
Stories
2
Construction
modern
Listing Agency:
(409) 215-3910
Listed By:
Cory Holley
Source:
Hatmakergroup
Added: Oct 20
Changed: Oct 28
Last Checked: Oct 31 at 3:01AM
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 Cory Holley
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.
This two-story duplex contains 2,252 square feet and was built in 2025. Each residence has two bedrooms and two full bathrooms, along with quartz countertops, stainless steel appliances, and blinds. A refrigerator is included in one unit, and the property has a gated entrance.
The property is in Houston’s Independence Heights area, with access to major highways and Downtown Houston. The Heights is also nearby.
The property is in Houston’s Independence Heights area, with access to major highways and Downtown Houston. The Heights is also nearby.
Key Highlights
- Two‑story duplex built in 2025
- 2,252 square feet
- Each unit has 2 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,496
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,920
$589.9K
Cap Rate 7%
$421,371
$421.4K
Cap Rate 9%
$327,733
$327.7K
Market Conditions
NOI Build-Up for 2,252 SF
Gross rent
$44.6K $19.80/SF
− Vacancy
−$2.5K −$1.09/SF
EGI
$42.1K $18.71/SF
− OpEx
−$12.6K −$5.61/SF
NOI
$29.5K $13.10/SF
Area
Houston, TX
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,920
Cap Rate 7%
$421,371
Cap Rate 9%
$327,733
Alternative Uses
Best Use
Multifamily LT 5
$421.4K
$368.7K – $491.6K
NOI $29,496 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$364.5K
$318.9K – $425.2K
NOI $25,513 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$579.1K
$506.7K – $675.6K
NOI $40,536 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
968
Businesses Nearby
Explore this area
Business Placement
Demographics for 77022, TX
28,748
Population
10,717
Households
2.7
Avg Household Size
35
Median Age
13%
College-Educated
63%
High-School Grad
5.8 sq mi
ZIP Area
4,957
Density / Sq Mi
$48,386
Median Household Income
$28,877
Median Earnings
$1,047
Median Rent
$197,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences feature quartz counters, stainless steel appliances, and window blinds.
Where is this duplex located?
The property is located at 1216 Johnston Street A/b Houston, TX.
What is the asking price?
The asking price for this property is $469,500.
What are key features of this property?
This property features: Two‑story duplex built in 2025; 2,252 square feet; Each unit has 2 bedrooms and 2 full bathrooms
