Duplex with Renovated
For Sale
$270,000
Pending
1241 16th Street, Galena Park, TX 77547
Two tenant-occupied residences include updated interiors, separate bedroom and bath configurations, and recently replaced HVAC systems.
Property Size1,596 SF
Days on Market524
Property Features for 1241 16th Street
General Information
Standard status
Pending
Size
1,596 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Manchester
Units
Unit Mix
1 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,609
Building Details
Year Built
1958
Tenancy
Multi
Listing Agency:
CitiQuest Properties
(713) 581-6000
Listed By:
Jessica Rotta · License #0813341
(346) 603-2564
Source:
Exitrealty
Added: May 18, 2025
Changed: Sep 1
Last Checked: Sep 15 at 4:53AM
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 CitiQuest Properties
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Investment Insights
Based on property information with market context.
This 1958 duplex contains 1,596 square feet and is configured as two tenant-occupied residences. One unit offers two bedrooms and two bathrooms, along with granite countertops, a gas range, a spacious interior layout, and a full-size bathtub. The second residence has one bedroom and one bathroom and has undergone a full renovation with quartz countertops and updated finishes.
Both units have recently replaced HVAC systems. The property is located at 1241 16th Street in Galena Park, Texas, providing a defined two-unit residential income configuration with a mix of two-bedroom and one-bedroom accommodations.
Both units have recently replaced HVAC systems. The property is located at 1241 16th Street in Galena Park, Texas, providing a defined two-unit residential income configuration with a mix of two-bedroom and one-bedroom accommodations.
Key Highlights
- Two‑unit duplex with both residences tenant‑occupied
- 1,596 square feet; built in 1958
- Unit mix includes one 2‑bedroom, 2‑bathroom residence and one 1‑bedroom, 1‑bathroom residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,196
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,920
$243.9K
Cap Rate 7%
$174,229
$174.2K
Cap Rate 9%
$135,511
$135.5K
Market Conditions
NOI Build-Up for 1,596 SF
Gross rent
$19.2K $12.00/SF
− Vacancy
−$1.7K −$1.08/SF
EGI
$17.4K $10.92/SF
− OpEx
−$5.2K −$3.27/SF
NOI
$12.2K $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%
$243,920
Cap Rate 7%
$174,229
Cap Rate 9%
$135,511
Alternative Uses
Best Use
Multifamily LT 5
$174.2K
$152.5K – $203.3K
NOI $12,196 @ 7.0% cap · market cap 4.52%
Second Best
Apartment 5plus
$151.2K
$132.3K – $176.4K
NOI $10,582 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$435.8K
$381.3K – $508.4K
NOI $30,505 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
Explore this area
Business Placement
Demographics for 77547, TX
9,627
Population
2,928
Households
3.3
Avg Household Size
31
Median Age
9%
College-Educated
68%
High-School Grad
3.9 sq mi
ZIP Area
2,468
Density / Sq Mi
$53,854
Median Household Income
$30,171
Median Earnings
$1,099
Median Rent
$109,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two tenant-occupied residences include updated interiors, separate bedroom and bath configurations, and recently replaced HVAC systems.
Where is this duplex located?
The property is located at 1241 16th Street Galena Park, TX.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Two‑unit duplex with both residences tenant‑occupied; 1,596 square feet; built in 1958; Unit mix includes one 2‑bedroom, 2‑bathroom residence and one 1‑bedroom, 1‑bathroom residence
