Duplex with Wood
For Sale
$975,000
1640 W Alabama Street, Houston, TX 77006
The property includes a backyard and sits in Houston’s Montrose area.
Property Size3,296 SF
Price / SF$295.81
Days on Market25
Property Features for 1640 W Alabama Street
General Information
Standard status
Active
Size
3,296 SF
Property subtype
Multi Family,Duplex
Site & Location
Neighborhood
Neartown - Montrose
Taxes and HOA fees
Annual Taxes
$27,393
Amenities
backyard
Building Details
Building Size
3,296 SF
Year Built
1928
Listing Agency:
eXp Realty LLC
Listed By:
Dany Lopez · License #0649915
(832) 543-1156
Source:
Premierhausrealty
Added: Oct 8
Changed: Oct 31
Last Checked: Oct 31 at 3:18AM
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 eXp Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex at 1640 W Alabama Street in Houston contains 3,296 square feet and was built in 1928. Wood flooring extends through the interior, and the property also includes a backyard.
The address is in the Montrose area, within ZIP code 77006.
The address is in the Montrose area, within ZIP code 77006.
Key Highlights
- 3,296 square feet of property size
- Built in 1928
- Wood flooring throughout the interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,170
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$863,400
$863.4K
Cap Rate 7%
$616,714
$616.7K
Cap Rate 9%
$479,667
$479.7K
Market Conditions
NOI Build-Up for 3,296 SF
Gross rent
$65.3K $19.80/SF
− Vacancy
−$3.6K −$1.09/SF
EGI
$61.7K $18.71/SF
− OpEx
−$18.5K −$5.61/SF
NOI
$43.2K $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%
$863,400
Cap Rate 7%
$616,714
Cap Rate 9%
$479,667
Alternative Uses
Best Use
Multifamily LT 5
$616.7K
$539.6K – $719.5K
NOI $43,170 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$533.4K
$466.8K – $622.4K
NOI $37,341 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$847.5K
$741.6K – $988.8K
NOI $59,328 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
3,147
Businesses Nearby
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Business Placement
Demographics for 77006, TX
24,129
Population
16,654
Households
1.4
Avg Household Size
36
Median Age
80%
College-Educated
98%
High-School Grad
2.3 sq mi
ZIP Area
10,491
Density / Sq Mi
$102,003
Median Household Income
$73,275
Median Earnings
$1,761
Median Rent
$599,500
Median Home Value
Check the figures for this property
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 - The property includes a backyard and sits in Houston’s Montrose area.
Where is this duplex located?
The property is located at 1640 W Alabama Street Houston, TX.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 3,296 square feet of property size; Built in 1928; Wood flooring throughout the interior
