Single-Story Duplex With Covered
For Sale
$179,900
13811 Ashentree Way, Houston, TX 77083
Updated residential income property with tile flooring, a covered carport, and convenient access to major retail and roadways.
Property Size1,335 SF
Price / SF$134.76
Days on Market47
Property Features for 13811 Ashentree Way
General Information
Standard status
Active
Size
1,335 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
Covered Patio
Covered Carport
Back Yard
Building Details
Year Built
1983
Buildings
1
Stories
1
Listing Agency:
The Nguyens & Associates
Listed By:
Hung Nguyen · License #0643606
(832) 744-4747
Source:
Poprealty
Added: Sep 21
Changed: Oct 25
Last Checked: Oct 7 at 5:16PM
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 The Nguyens & Associates
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Investment Insights
Based on property information with market context.
This single-story duplex offers 1,335 square feet with three bedrooms and two bathrooms. The interior features tile flooring throughout, while the property includes a covered patio, covered carport, and an extended driveway. A new roof and large backyard add practical outdoor and maintenance features.
The property is located at 13811 Ashentree Way in Houston, with Asian supermarkets and Kroger nearby. Access to West Park Tollway and HW 6 supports convenient travel across the southwest area. The property was built in 1983 and did not flood during Harvey.
The property is located at 13811 Ashentree Way in Houston, with Asian supermarkets and Kroger nearby. Access to West Park Tollway and HW 6 supports convenient travel across the southwest area. The property was built in 1983 and did not flood during Harvey.
Key Highlights
- 1,335‑square‑foot single‑story duplex
- Three bedrooms and two bathrooms
- Tile flooring throughout the house
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,155
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,100
$283.1K
Cap Rate 7%
$202,214
$202.2K
Cap Rate 9%
$157,278
$157.3K
Market Conditions
NOI Build-Up for 1,335 SF
Gross rent
$21.6K $16.20/SF
− Vacancy
−$1.4K −$1.05/SF
EGI
$20.2K $15.15/SF
− OpEx
−$6.1K −$4.54/SF
NOI
$14.2K $10.60/SF
Area
ZIP 77083
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,100
Cap Rate 7%
$202,214
Cap Rate 9%
$157,278
Alternative Uses
Best Use
Multifamily LT 5
$202.2K
$176.9K – $235.9K
NOI $14,155 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$178.7K
$156.4K – $208.5K
NOI $12,510 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$343.3K
$300.4K – $400.5K
NOI $24,030 @ 7.0% cap · market cap 13.36%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
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Business Placement
Demographics for 77083, TX
73,763
Population
23,872
Households
3.1
Avg Household Size
37
Median Age
25%
College-Educated
79%
High-School Grad
10.4 sq mi
ZIP Area
7,093
Density / Sq Mi
$65,349
Median Household Income
$31,352
Median Earnings
$1,375
Median Rent
$223,100
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 - Updated residential income property with tile flooring, a covered carport, and convenient access to major retail and roadways.
Where is this duplex located?
The property is located at 13811 Ashentree Way Houston, TX.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: 1,335‑square‑foot single‑story duplex; Three bedrooms and two bathrooms; Tile flooring throughout the house
