New Duplex Investment
For Sale
$455,000
944 Lucky St, Houston, TX 77088
Brand new duplex featuring 3 bedrooms and 2 baths per unit, with covered builder warranty.
Days on Market9
Property Features for 944 Lucky St
General Information
Standard status
Active
Property subtype
Investment
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Building Size
2,756 SF
Year Built
2026
Listing Agency:
(713) 416-2169
Listed By:
Kristin Stevens
(713) 416-2169
Source:
Elliman
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 31 at 11:50AM
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 Kristin Stevens
Investment Insights
Based on property information with market context.
This brand new duplex is configured with 3 bedrooms and 2 bathrooms in each unit. The layout includes an open-concept kitchen and living space, with waterproof wood-look vinyl plank flooring noted as part of the finishes. The property is covered by a StrucSure 1-2-10 builder warranty.
The home is located in Houston near shopping and offers easy access to I-45 N, Beltway 8, and 249, according to the remarks provided. The area is described as having many new builds. WalkScore is listed as 45 and transitScore as 48, with bikeScore listed as 42.
The duplex design supports separate use of each side as independent living space, with each unit matching the same 3 bed, 2 bath configuration.
The home is located in Houston near shopping and offers easy access to I-45 N, Beltway 8, and 249, according to the remarks provided. The area is described as having many new builds. WalkScore is listed as 45 and transitScore as 48, with bikeScore listed as 42.
The duplex design supports separate use of each side as independent living space, with each unit matching the same 3 bed, 2 bath configuration.
Key Highlights
- Brand new duplex (Year Built: 2026) with 3 bedrooms and 2 baths in each unit
- Total layout includes 6 bedrooms and 4 baths across both units
- Open‑concept kitchen with quartz countertops and an oversized living room
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 | $54.6k | $19.80 |
| − Vacancy | −$3.0k | −$1.09 |
| EGI | $51.6k | $18.71 |
| − OpEx | −$15.5k | −$5.61 |
| NOI | $36.1k | $13.10 |
2,756 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$515.7K
$451.2K – $601.6K
NOI $36,097 @ 7.0% cap · market cap 7.93%
Second Best
Apartment 5plus
$446.0K
$390.3K – $520.4K
NOI $31,223 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$708.7K
$620.1K – $826.8K
NOI $49,608 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
Explore this area
Business Placement
Demographics for 77088, TX
54,320
Population
18,500
Households
2.9
Avg Household Size
35
Median Age
13%
College-Educated
72%
High-School Grad
11.1 sq mi
ZIP Area
4,894
Density / Sq Mi
$52,549
Median Household Income
$32,015
Median Earnings
$1,177
Median Rent
$173,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Brand new duplex featuring 3 bedrooms and 2 baths per unit, with covered builder warranty.
Where is this duplex located?
The property is located at 944 Lucky St Houston, TX.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: Brand new duplex (Year Built: 2026) with 3 bedrooms and 2 baths in each unit; Total layout includes 6 bedrooms and 4 baths across both units; Open‑concept kitchen with quartz countertops and an oversized living room
