Renovated Right-Side
For Sale
$179,000
15915 Oakendell Drive, Houston, TX 77084
Renovated duplex with two primary suites, open living layout, and a large outdoor space.
Property Size1,137 SF
Price / SF$157.43
Days on Market8
Property Features for 15915 Oakendell Drive
General Information
Standard status
Active
Size
1,137 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
Tile
Family Room,Kitchen
Yes
2
Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup
Appraiser
1
Free Standing
Kitchen/Family Room Combo,Kitchen/Dining Combo
Other
No
Public
3000
0.0689
Slab
1137
Building Details
Building Size
1,137 SF
Year Built
1982
Tenancy
Multi
Listing Agency:
Connect Realty.com
(281) 885-9069
Listed By:
Juan Alvarez
(281) 885-9069
Source:
Garygreene
Added: Jul 24
Changed: Jul 28
Last Checked: Jul 31 at 3:25AM
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 Connect Realty.com
Investment Insights
Based on property information with market context.
This beautifully renovated right-side duplex features an open floor plan with updated finishes and plenty of natural light. The home offers two spacious primary suites, each with a walk-in closet and a private en-suite bath. The kitchen includes ample cabinet and prep space and flows into the living and dining areas. A large outdoor space provides room for relaxing or entertaining.
The property is located in the Bear Creek area near shopping, dining, parks, and major commuter routes.
Major updates include a roof installed about six months ago, A/C from 2022, and a water heater from 2018, supporting a move-in ready condition.
The property is located in the Bear Creek area near shopping, dining, parks, and major commuter routes.
Major updates include a roof installed about six months ago, A/C from 2022, and a water heater from 2018, supporting a move-in ready condition.
Key Highlights
- Renovated right‑side duplex with 2 bedrooms and 2 full baths in 1,137 SF total living area
- Open kitchen/living/dining layout with tile flooring, kitchen/family room combo and kitchen/dining combo
- Two primary suites, each with a walk‑in closet and private en‑suite bath
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 | $22.5k | $19.80 |
| − Vacancy | −$1.5k | −$1.29 |
| EGI | $21.0k | $18.51 |
| − OpEx | −$6.3k | −$5.55 |
| NOI | $14.7k | $12.96 |
1,137 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$210.5K
$184.2K – $245.6K
NOI $14,734 @ 7.0% cap · market cap 8.23%
Second Best
Apartment 5plus
$189.0K
$165.4K – $220.6K
NOI $13,233 @ 7.0% cap · market cap 7.39%
Theoretical Best
Office A
$292.4K
$255.8K – $341.1K
NOI $20,466 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
788
Businesses Nearby
Explore this area
Business Placement
Demographics for 77084, TX
109,808
Population
39,087
Households
2.8
Avg Household Size
34
Median Age
30%
College-Educated
84%
High-School Grad
31.7 sq mi
ZIP Area
3,464
Density / Sq Mi
$76,327
Median Household Income
$39,937
Median Earnings
$1,522
Median Rent
$232,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated duplex with two primary suites, open living layout, and a large outdoor space.
Where is this duplex located?
The property is located at 15915 Oakendell Drive Houston, TX.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: Renovated right‑side duplex with 2 bedrooms and 2 full baths in 1,137 SF total living area; Open kitchen/living/dining layout with tile flooring, kitchen/family room combo and kitchen/dining combo; Two primary suites, each with a walk‑in closet and private en‑suite bath
