Updated Duplex with Leased
1410 Edward Drive South Houston, TX 77587
1410 Edward Drive, South Houston, TX, 77587
$325,000
For Sale
$325,000
Duplex for sale with two leased units, recent updates, and a backyard with space to expand.
Property Size1,998 SF
Price / SF$162.66
Days on Market183
Property Features for 1410 Edward Drive
General Information
- Standard status
- Active
- Size
- 1,998 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1980
Listing agency
(713) 340-0371
Listed by
Keller Williams Houston Central
(832) 731-3158
Source
Xome
Added: Jan 21 Updated: Jul 23 at 4:20AM Checked: Jul 23 at 4:20AM
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 Keller Williams Houston Central
Investment Insights
Based on property information with market context.
This for-sale duplex features recently completed updates across the units. Each unit offers two bedrooms and 1.5 bathrooms, with updated flooring and updated kitchens and bathrooms. A more recent roof is also noted, along with a good-sized backyard.
Both units are currently under lease contract, and the rental contracts will have to be honored with the purchase. The seller also has an additional duplex building next door, which may be of interest for buyers considering expansion.
The property is described as being within walking distance to Elementary LF Smith school and surrounded by residential neighborhoods, with proximity to Spencer Hwy, grocery stores, and shopping centers. It is also minutes from I-45 and Beltway 8 South.
Both units are currently under lease contract, and the rental contracts will have to be honored with the purchase. The seller also has an additional duplex building next door, which may be of interest for buyers considering expansion.
The property is described as being within walking distance to Elementary LF Smith school and surrounded by residential neighborhoods, with proximity to Spencer Hwy, grocery stores, and shopping centers. It is also minutes from I-45 and Beltway 8 South.
Key Highlights
- Duplex built in 1980 with two leased units under current lease contracts at purchase
- Unit layout: 2 bedrooms and 1.5 baths per unit
- Recent updates noted: updated floors, updated kitchen and bathrooms, and a recent new roof
Local 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 | $24.0k | $12.00 |
| − Vacancy | −$2.2k | −$1.08 |
| EGI | $21.8k | $10.92 |
| − OpEx | −$6.5k | −$3.27 |
| NOI | $15.3k | $7.64 |
1,998 SF · lease $12.00/SF/yr · vacancy 9.03% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$218.1K
$190.9K – $254.5K
NOI $15,268 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$189.2K
$165.6K – $220.8K
NOI $13,247 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$545.6K
$477.4K – $636.5K
NOI $38,189 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex for sale with two leased units, recent updates, and a backyard with space to expand.
Where is this duplex located?
The property is located at 1410 Edward Drive South Houston, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Duplex built in 1980 with two leased units under current lease contracts at purchase; Unit layout: 2 bedrooms and 1.5 baths per unit; Recent updates noted: updated floors, updated kitchen and bathrooms, and a recent new roof
