New Construction Duplex in Houston

1546 Lombardy St, Houston, TX 77023

View on Map

For Sale

$520,000

New construction duplex in central Houston, ideal for investors.

Type:Investment

Property size:

2,400 SF

Lot size:

0.14 Acres

Price / SF:

$216/SF

HighLights

New construction (2026) duplex in central Houston location
Two units, approximately 1,200 sq ft each, totaling 2,400 sq ft
Quartz countertops and stainless steel appliances (stove, vent hood microwave, dishwasher)
Proximity to Downtown Houston, Houston Community College, University of Houston, and Texas Southern University (within 5 miles)
Convenient access to amenities like Walmart, HEB, Chick‑fil‑A, and Starbucks (within 5 miles)
Close to Toyota Center, Shell Energy Stadium, and Daikin Park

We can help!

Listing Contact

Dante Cruz

Learn more

For Sale

$520,000

New construction duplex in central Houston, ideal for investors.

Type:Investment

Property size:

2,400 SF

Lot size:

0.14 Acres

Price / SF:

$216/SF

Added:: Apr 14, 2026
Days on Market:: 64
Last Refresh:: Apr 14 at 6:45 am

Property Features for 1546 Lombardy St

General Information

Standard status: Active
Size: 2,400 SF
Lot size: 0.14 Acres
Property subtype: Investment

Building Details

Year Built: 2026

We can help!

Listing Contact

Dante Cruz

Listing agent Dante Cruz License #0657021

Listing office COMPASS RE TEXAS, LLC - WEST HOUSTON

Listing date Apr 14, 2026

Source Elliman

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 COMPASS RE TEXAS, LLC - WEST HOUSTON

HighLights

New construction (2026) duplex in central Houston location
Two units, approximately 1,200 sq ft each, totaling 2,400 sq ft
Quartz countertops and stainless steel appliances (stove, vent hood microwave, dishwasher)
Proximity to Downtown Houston, Houston Community College, University of Houston, and Texas Southern University (within 5 miles)
Convenient access to amenities like Walmart, HEB, Chick‑fil‑A, and Starbucks (within 5 miles)
Close to Toyota Center, Shell Energy Stadium, and Daikin Park

Overview

This new construction duplex, slated for completion in 2026, is located at 1550 Lombardy St A & B, Houston, TX 77023. The property sits on a 6,250 sq ft lot and features a 2,400 sq ft duplex with two units, each approximately 1,200 sq ft. Constructed on a concrete foundation, the duplex includes gas and electric utilities, central A/C and heating, and a French drainage system. Interior features consist of quartz countertops, a stainless steel stove, vent hood microwave, dishwasher, tile flooring in restrooms, and prewired cable and internet. The location is within a 5-mile radius of Houston Community College, the University of Houston, Texas Southern University, and Downtown Houston. Several amenities are also nearby, including Walmart, HEB, Chick-fil-A, and Starbucks, all within 5 miles. The property is approximately 2.9 miles from the Toyota Center and Shell Energy Stadium, 3.5 miles from Daikin Park, and 9.6 miles (or a 13-minute drive) from NRG Stadium. The property has a walk score of 64, indicating it is somewhat walkable, a transit score of 53, indicating good transit options, and a bike score of 45, indicating it is somewhat bikeable. This property presents an opportunity for investors or owner-occupants seeking modern new construction in a central Houston location.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$47.5k	$19.80
− Vacancy	−$2.6k	−$1.09
EGI	$44.9k	$18.71
− OpEx	−$13.5k	−$5.61
NOI	$31.4k	$13.10

2,400 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$449.1K

$392.9K – $523.9K (±1% cap)

NOI $31,434 @ 7.0% cap · market cap 6.05%

Second Best

Apartment 5plus

$388.4K

$339.9K – $453.2K (±1% cap)

NOI $27,190 @ 7.0% cap · market cap 5.23%

Theoretical Best

Office A

$617.1K

$540.0K – $720.0K (±1% cap)

NOI $43,200 @ 7.0% cap · market cap 8.31%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Houston
County: Fort Bend
State: Texas
Longitude: -95.329304
Latitude: 29.7240185

Nearby Similar for Sale

$6,500,000

Newly Built Express Car Wash

2025-built express wash with modern Sonny's equipment, positioned for strong corridor demand.

3703 Highway 6 S, Houston, TX 77082

View Details
$950,000

Office-Warehouse Flex Building

Versatile flex building with finished office space and climate-controlled warehouse suited for light industrial, service, or logistics use.

11043 Jones Road, Houston, TX 77070

View Details
$1,420,000

8,000 SF

Climate-Controlled Industrial Manufacturing Facility

Turnkey machine shop facility with dual overhead roll doors, heavy concrete floors, and 20-foot ceilings throughout.

6922 SIGNAT DR, Houston, TX 77041

View Details
$1,300,000

Remodeled Full Service Car Wash

Remodeled in 2024 full service car wash on a busy Houston corridor, offering partnership-style ownership for investors.

12573 Richmond Avenue, Houston, TX 77082

View Details
$585,000

3,440 SF

Townhouse-Style Duplex Near NRG Stadium

Duplex near NRG Stadium, medical center, and downtown Houston.

5140 Mallow Street, Houston, TX 77033

View Details
$475,000

2,236 SF

Modern Duplex Near Houston Hobby

Two-story duplex built in 2020, convenient location, tenant-occupied.

6501 Osprey Drive, Houston, TX 77048

View Details
$875,000

1,952 SF

Renovated Corner Retail Building

Recently renovated corner retail building with two access points and ample parking on a busy hard corner.

2106-2110 Antoine Dr, Houston, TX 77055

View Details
$2,249,000

5,908 SF

Updated Office Building in Montrose

Turnkey 5,908 SF office building on 12,250 SF lot.

4305 Yoakum Blvd., Houston, TX 77006

View Details
$3,956,315

12,559 SF

Free-Standing Retail Building in Houston

Single tenant building with strong demographics and high traffic counts.

10310 Wortham Center, Houston, TX 77065

View Details
$2,900,000

28,748 SF

Industrial Warehouse with Multiple Grade Doors

Metal industrial facility with 16’ clear height, office space, and five grade-level doors, featuring a partial five-year leaseback.

222 Wynne St, Houston, TX 77009

View Details
$465,000

3,000 SF

Industrial Warehouse Near I-45

Industrial warehouse with offices, restrooms, and roll-up doors.

6715 ALMEDA GENOA RD, Houston, TX 77075

View Details
$1,400,000

Well-Maintained Multifamily Investment Property

Clean, well-kept multi-unit building with 2-bedroom, 1-bath units, offering steady rental income potential for investors.

6706 Ralston Street, Houston, TX 77016

View Details

For sale
Duplexes
TX
Houston
77023
1546 Lombardy St

What type of property is this?

Duplex - New construction duplex in central Houston, ideal for investors.

Where is this duplex located?

The property is located at 1546 Lombardy St Houston, TX.

What is the asking price?

The asking price for this property is $520,000.

What are key features of this property?

This property features: New construction (2026) duplex in central Houston location; Two units, approximately 1,200 sq ft each, totaling 2,400 sq ft; **Quartz countertops and stainless steel appliances (stove, vent hood microwave, dishwasher)**