Duplex Homes on One
For Sale
$149,900
1415 Gregg Street, Houston, TX 77020
Two separate homes on one parcel ID, each with its own mailing address and utility connections.
Property Size768 SF
Days on Market95
Property Features for 1415 Gregg Street
General Information
Standard status
Active
Size
768 SF
Property subtype
Multi Family,Multiple Detached Dwellings
Site & Location
Neighborhood
Greater Fifth Ward
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,012
Building Details
Building Size
768 SF
Year Built
1930
Listing Agency:
RE/MAX East
Listed By:
Melba Lara · License #415449
(713) 410-7082
Source:
Mpowerrealtygroup
Added: Jul 24
Changed: Oct 25
Last Checked: Oct 24 at 11:47PM
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 RE/MAX East
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Investment Insights
Based on property information with market context.
This property consists of two homes on a single parcel ID, with each home having its own mailing address and its own utility connections. The homes are currently in need of repair, making the asset well suited for a buyer looking to rebuild or renovate.
The property is located approximately 5–6 miles from downtown Houston. The seller notes recent construction can be seen in the area, along with new construction currently underway.
Because both homes are in disrepair, viewers are advised to take necessary precautions to avoid bodily harm and/or accidents, as the seller will not assume liability.
The property is located approximately 5–6 miles from downtown Houston. The seller notes recent construction can be seen in the area, along with new construction currently underway.
Because both homes are in disrepair, viewers are advised to take necessary precautions to avoid bodily harm and/or accidents, as the seller will not assume liability.
Key Highlights
- Two separate homes on one parcel ID
- Each home has its own mailing address and utility connections
- Year built: 1930
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,059
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,180
$201.2K
Cap Rate 7%
$143,700
$143.7K
Cap Rate 9%
$111,767
$111.8K
Market Conditions
NOI Build-Up for 768 SF
Gross rent
$15.2K $19.80/SF
− Vacancy
−$836 −$1.09/SF
EGI
$14.4K $18.71/SF
− OpEx
−$4.3K −$5.61/SF
NOI
$10.1K $13.10/SF
Area
Houston, TX
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,180
Cap Rate 7%
$143,700
Cap Rate 9%
$111,767
Alternative Uses
Best Use
Multifamily LT 5
$143.7K
$125.7K – $167.7K
NOI $10,059 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$124.3K
$108.8K – $145.0K
NOI $8,701 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$197.5K
$172.8K – $230.4K
NOI $13,824 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
Explore this area
Business Placement
Demographics for 77020, TX
24,846
Population
10,054
Households
2.5
Avg Household Size
35
Median Age
13%
College-Educated
65%
High-School Grad
7.8 sq mi
ZIP Area
3,185
Density / Sq Mi
$49,481
Median Household Income
$32,573
Median Earnings
$942
Median Rent
$133,600
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 - Two separate homes on one parcel ID, each with its own mailing address and utility connections.
Where is this duplex located?
The property is located at 1415 Gregg Street Houston, TX.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Two separate homes on one parcel ID; Each home has its own mailing address and utility connections; Year built: 1930
