Duplex with Two-Street
For Sale
$899,990
1423 - 1421 E 36th Street, Houston, TX 77022
Custom interior finishes, a private backyard and gated entry distinguish this Houston property.
Property Size4,876 SF
Days on Market8
Property Features for 1423 - 1421 E 36th Street
General Information
Standard status
Active
Size
4,876 SF
Property subtype
Multi Family,Duplex
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,388
Building Details
Building Size
4,876 SF
Year Built
2025
Buildings
1
Stories
2
Listing Agency:
New Age
Listed By:
Ashwin Kewalramani · License #0700464
(713) 373-7401
Source:
Nancyalmodovar
Added: Oct 10
Changed: Oct 17
Last Checked: Oct 16 at 5:59PM
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 New Age
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Investment Insights
Based on property information with market context.
This 2025-built duplex features interiors by VIARQ Designers, with a waterfall quartz island, custom cabinetry, a Roman Clay accent wall and fireplace. The kitchen also includes a pot filler, dry bar and walk-in pantry. Ceiling heights are 11 feet downstairs and 10 feet upstairs. The primary suite has a cathedral ceiling, custom closet, freestanding tub and oversized shower. A tankless water heater and construction to the 2021 IECC code are additional features; the property also includes a motorized front gate and an ACES 1-2-6 warranty.
The oversized lot has frontage on two streets and an expansive private backyard. The property is in Independence Heights, with Downtown, the Heights and major freeways described as nearby. There is no HOA.
The oversized lot has frontage on two streets and an expansive private backyard. The property is in Independence Heights, with Downtown, the Heights and major freeways described as nearby. There is no HOA.
Key Highlights
- 2025 construction to the 2021 IECC code
- Oversized lot with frontage on two streets and an expansive private backyard
- 11‑foot ceilings downstairs and 10‑foot ceilings upstairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,864
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,277,280
$1.3M
Cap Rate 7%
$912,343
$912.3K
Cap Rate 9%
$709,600
$709.6K
Market Conditions
NOI Build-Up for 4,876 SF
Gross rent
$96.5K $19.80/SF
− Vacancy
−$5.3K −$1.09/SF
EGI
$91.2K $18.71/SF
− OpEx
−$27.4K −$5.61/SF
NOI
$63.9K $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%
$1,277,280
Cap Rate 7%
$912,343
Cap Rate 9%
$709,600
Alternative Uses
Best Use
Multifamily LT 5
$912.3K
$798.3K – $1.06M
NOI $63,864 @ 7.0% cap · market cap 7.10%
Second Best
Apartment 5plus
$789.2K
$690.5K – $920.7K
NOI $55,241 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,768 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
686
Businesses Nearby
Explore this area
Business Placement
Demographics for 77022, TX
28,748
Population
10,717
Households
2.7
Avg Household Size
35
Median Age
13%
College-Educated
63%
High-School Grad
5.8 sq mi
ZIP Area
4,957
Density / Sq Mi
$48,386
Median Household Income
$28,877
Median Earnings
$1,047
Median Rent
$197,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Custom interior finishes, a private backyard and gated entry distinguish this Houston property.
Where is this duplex located?
The property is located at 1423 - 1421 E 36th Street Houston, TX.
What is the asking price?
The asking price for this property is $899,990.
What are key features of this property?
This property features: 2025 construction to the 2021 IECC code; Oversized lot with frontage on two streets and an expansive private backyard; 11‑foot ceilings downstairs and 10‑foot ceilings upstairs
