2024-Built
New
For Sale
$779,990
1804 - 1806 Elysian Street, Houston, TX 77026
Two-unit residential income property with zoned electric and natural gas service, modern appliances, and an electric gate.
Property Size3,904 SF
Price / SF$199.79
Days on Market3
Property Features for 1804 - 1806 Elysian Street
General Information
Standard status
Active
Size
3,904 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$1,680
Amenities
Electric, Zoned
Natural Gas, Zoned
Water Heater, Disposal, Microwave, Dishwasher
Smart Thermostat
Electric Gate
Building Details
Building Size
3,904 SF
Year Built
2024
Stories
3
Listing Agency:
New Age
(713) 373-7401
Listed By:
Ashwin Kewalramani · License #0700464
(713) 373-7401
Source:
Evrealestate
Added: Jul 31
Changed: Aug 2
Last Checked: Aug 2 at 4:50AM
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 New Age
Investment Insights
Based on property information with market context.
This 2024-built duplex contains 3,904 square feet and is configured as a two-unit residential income property. Interior features include zoned electric and natural gas service, a water heater, disposal, microwave, dishwasher, and smart thermostat. An electric gate provides controlled access to the property.
The entrance is on Elysian Street, with street parking available. The property is located in Harris County at 1804–1806 Elysian Street in Houston, Texas 77026.
The entrance is on Elysian Street, with street parking available. The property is located in Harris County at 1804–1806 Elysian Street in Houston, Texas 77026.
Key Highlights
- 2024 construction with 3,904 square feet
- Duplex configuration for residential income use
- Zoned electric and natural gas service
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 | $77.3k | $19.80 |
| − Vacancy | −$4.3k | −$1.09 |
| EGI | $73.0k | $18.71 |
| − OpEx | −$21.9k | −$5.61 |
| NOI | $51.1k | $13.10 |
3,904 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$730.5K
$639.2K – $852.2K
NOI $51,133 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$631.8K
$552.9K – $737.2K
NOI $44,229 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$1.00M
$878.4K – $1.17M
NOI $70,272 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
Explore this area
Business Placement
Demographics for 77026, TX
23,405
Population
9,580
Households
2.4
Avg Household Size
36
Median Age
9%
College-Educated
70%
High-School Grad
6.6 sq mi
ZIP Area
3,546
Density / Sq Mi
$34,835
Median Household Income
$29,339
Median Earnings
$962
Median Rent
$104,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property with zoned electric and natural gas service, modern appliances, and an electric gate.
Where is this duplex located?
The property is located at 1804 - 1806 Elysian Street Houston, TX.
What is the asking price?
The asking price for this property is $779,990.
What are key features of this property?
This property features: 2024 construction with 3,904 square feet; Duplex configuration for residential income use; Zoned electric and natural gas service
