New Construction Duplex With Central
1550 Lombardy St Houston, TX 77023
1550 Lombardy St, Houston, TX, 77023
$520,000
For Sale
$520,000
New 2026 duplex features two similar units, each about 1,200 square feet, with central A/C and heating.
Property Size2,400 SF
Lot Size0.14 Acres
Price / SF$216.67
Days on Market73
Property Features for 1550 Lombardy St
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Lot size
- 0.14 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 2026
Listing agency
COMPASS RE TEXAS, LLC - WEST HOUSTON
(713) 907-6321
Listed by
Dante Cruz · License #0657021
(713) 907-6321
Source
Elliman
Added: May 10 Updated: Jul 21 at 4:47AM Checked: Jul 21 at 4:47AM
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 COMPASS RE TEXAS, LLC - WEST HOUSTON
Investment Insights
Based on property information with market context.
New construction duplex completed in 2026, offering two units designated A and B. The property totals approximately 2,400 square feet, with each unit about 1,200 square feet. Improvements include a concrete foundation, central A/C and heating, gas and electric utilities, and a French drainage system. Interiors are appointed with quartz countertops and stainless steel appliances including a stove with vent hood microwave and dishwasher, plus tile flooring in the restrooms. Units are also prewired for cable and internet.
The duplex is located at 1550 Lombardy St in Houston, Texas. Multiple educational and entertainment destinations are within a 5-mile radius, and several major venues are listed as approximately 2.9 to 3.5 miles away, with NRG Stadium about 9.6 miles from the property.
Set on a 6,250-square-foot lot, this duplex provides a modern, owner-occupant or income-focused configuration with two separately served units.
The duplex is located at 1550 Lombardy St in Houston, Texas. Multiple educational and entertainment destinations are within a 5-mile radius, and several major venues are listed as approximately 2.9 to 3.5 miles away, with NRG Stadium about 9.6 miles from the property.
Set on a 6,250-square-foot lot, this duplex provides a modern, owner-occupant or income-focused configuration with two separately served units.
Key Highlights
- New construction 2026 duplex at 1550 Lombardy St A & B, Houston, TX 77023
- 2,400 sq ft duplex on a 6,250 sq ft lot with two similar units at approximately 1,200 sq ft each
- Central A/C and heating plus gas and electric utilities; built on a concrete foundation
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 | $47.5k | $19.80 |
| − Vacancy | −$2.6k | −$1.09 |
| EGI | $44.9k | $18.71 |
| − OpEx | −$13.5k | −$5.61 |
| NOI | $31.4k | $13.10 |
2,400 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$449.1K
$392.9K – $523.9K
NOI $31,434 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$388.4K
$339.9K – $453.2K
NOI $27,190 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$617.1K
$540.0K – $720.0K
NOI $43,200 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - New 2026 duplex features two similar units, each about 1,200 square feet, with central A/C and heating.
Where is this duplex located?
The property is located at 1550 Lombardy St Houston, TX.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: New construction 2026 duplex at 1550 Lombardy St A & B, Houston, TX 77023; 2,400 sq ft duplex on a 6,250 sq ft lot with two similar units at approximately 1,200 sq ft each; Central A/C and heating plus gas and electric utilities; built on a concrete foundation
