Leased Duplex with Updated
For Sale
$425,000
1619 Dumble St, Houston, TX 77023
Two leased units offer refreshed kitchens, wood flooring, private porches, and in-unit laundry.
Property Size2,184 SF
Price / SF$194.60
Days on Market55
Property Features for 1619 Dumble St
General Information
Standard status
Active
Size
2,184 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Greater Eastwood
Highway Access
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
in-unit washer/dryer
private front porch
Building Details
Year Built
2016
Listing Agency:
Eastwood Realty
Listed By:
Marcy Navejar · License #797431
(713) 213-7772
Source:
Nova-era
Added: Sep 13
Changed: Oct 25
Last Checked: Oct 7 at 4:08PM
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 Eastwood Realty
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Investment Insights
Based on property information with market context.
Built in 2016, this 2,184-square-foot duplex contains two 2-bedroom, 1-bath residences that are currently leased. Both units have refreshed kitchens and bathrooms, wood flooring, a washer and dryer, and a private front porch. Dedicated tenant parking is also provided.
The property is located at 1619 Dumble St in Houston, with access to the Texas Medical Center, University of Houston, Downtown, major highways, and local dining and entertainment. The property information also identifies potential for commercial use, residential use, or a combination of the two, subject to applicable requirements.
The property is located at 1619 Dumble St in Houston, with access to the Texas Medical Center, University of Houston, Downtown, major highways, and local dining and entertainment. The property information also identifies potential for commercial use, residential use, or a combination of the two, subject to applicable requirements.
Key Highlights
- Two 2‑bedroom, 1‑bath units in a 2,184‑square‑foot duplex
- Built in 2016 and currently leased
- Updated kitchens and bathrooms with wood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,605
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,100
$572.1K
Cap Rate 7%
$408,643
$408.6K
Cap Rate 9%
$317,833
$317.8K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$43.2K $19.80/SF
− Vacancy
−$2.4K −$1.09/SF
EGI
$40.9K $18.71/SF
− OpEx
−$12.3K −$5.61/SF
NOI
$28.6K $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%
$572,100
Cap Rate 7%
$408,643
Cap Rate 9%
$317,833
Alternative Uses
Best Use
Multifamily LT 5
$408.6K
$357.6K – $476.8K
NOI $28,605 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$353.5K
$309.3K – $412.4K
NOI $24,743 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$561.6K
$491.4K – $655.2K
NOI $39,312 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
702
Businesses Nearby
Explore this area
Business Placement
Demographics for 77023, TX
26,780
Population
11,850
Households
2.3
Avg Household Size
36
Median Age
24%
College-Educated
75%
High-School Grad
5.5 sq mi
ZIP Area
4,869
Density / Sq Mi
$50,018
Median Household Income
$35,730
Median Earnings
$1,079
Median Rent
$279,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two leased units offer refreshed kitchens, wood flooring, private porches, and in-unit laundry.
Where is this duplex located?
The property is located at 1619 Dumble St Houston, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units in a 2,184‑square‑foot duplex; Built in 2016 and currently leased; Updated kitchens and bathrooms with wood flooring
