Duplex Residential Income
For Sale
$325,000
16872 Kempwood, Montgomery, TX 77316
Duplex with two matching units featuring open floor plans, fresh interior updates, and private backyard space.
Property Size1,900 SF
Price / SF$171.05
Days on Market88
Property Features for 16872 Kempwood
General Information
Standard status
Active
Size
1,900 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,939
Amenities
laundry room
backyard area
Yes
1
2
Appraiser
Granite Counters,Ceiling Fan(s)
Subdivision
4094
1900
Building Details
Building Size
1,900 SF
Year Built
2014
Stories
1
Listing Agency:
United Real Estate
(281) 789-0411
Listed By:
Megan Prichard
(832) 767-8812
Source:
Garygreene
Added: Jun 12
Changed: Sep 7
Last Checked: Sep 7 at 6:03AM
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 United Real Estate
Investment Insights
Based on property information with market context.
16872 Kempwood offers a duplex residential income property with two separate units. Each side features an open floor plan, high ceilings, and has been updated with fresh paint and flooring. Both units also include a nice-size laundry room and a private backyard area.
The property is located in Lake Conroe Village and includes addresses at 16868 and 16872 Kempwood.
This configuration provides the flexibility for an owner-occupant to live in one unit while renting the other, with the benefit of maintaining two independent residential spaces within a duplex layout.
The property is located in Lake Conroe Village and includes addresses at 16868 and 16872 Kempwood.
This configuration provides the flexibility for an owner-occupant to live in one unit while renting the other, with the benefit of maintaining two independent residential spaces within a duplex layout.
Key Highlights
- Two‑unit duplex built in 2014 (16868 and 16872 Kempwood).
- Each side features an open floor plan with fresh paint and flooring.
- Each unit includes a nice‑size laundry room.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,190
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$423,800
$423.8K
Cap Rate 7%
$302,714
$302.7K
Cap Rate 9%
$235,444
$235.4K
Market Conditions
NOI Build-Up for 1,900 SF
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.
Gross rent
$32.4K $17.04/SF
− Vacancy
−$2.1K −$1.11/SF
EGI
$30.3K $15.93/SF
− OpEx
−$9.1K −$4.78/SF
NOI
$21.2K $11.15/SF
Area
Montgomery County, TX
Vacancy
6.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$423,800
Cap Rate 7%
$302,714
Cap Rate 9%
$235,444
Alternative Uses
Best Use
Multifamily LT 5
$302.7K
$264.9K – $353.2K
NOI $21,190 @ 7.0% cap · market cap 6.52%
Second Best
Apartment 5plus
$285.2K
$249.5K – $332.7K
NOI $19,963 @ 7.0% cap · market cap 6.14%
Theoretical Best
Specialty Retail
$479.7K
$419.7K – $559.6K
NOI $33,576 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Explore this area
Business Placement
Demographics for 77316, TX
30,598
Population
11,879
Households
2.6
Avg Household Size
40
Median Age
44%
College-Educated
96%
High-School Grad
129.0 sq mi
ZIP Area
237
Density / Sq Mi
$129,418
Median Household Income
$63,663
Median Earnings
$1,419
Median Rent
$396,500
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 - Duplex with two matching units featuring open floor plans, fresh interior updates, and private backyard space.
Where is this duplex located?
The property is located at 16872 Kempwood Montgomery, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2014 (16868 and 16872 Kempwood).; Each side features an open floor plan with fresh paint and flooring.; Each unit includes a nice‑size laundry room.
