Two-Unit Duplex with Gated
For Sale
$325,000
1905 Chapman Street, Houston, TX 77009
Two separate residences offer private baths, full kitchens, and shared laundry facilities within a fenced property.
Property Size1,410 SF
Price / SF$230.50
Days on Market53
Property Features for 1905 Chapman Street
General Information
Standard status
Active
Size
1,410 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR, 1 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,341
Amenities
on-site washer and dryer
fully fenced
sidewalk gate
automatic driveway gate
Wood
Breakfast Room/Nook,Living Room,Office,Utility Room
Yes
3
Appraiser
All Bedrooms Down,Full Bath on Main Level,Granite Counters,Main Level Primary,TwoBedroomsDown,Tub Shower,Ceiling Fan(s)
Cleared
No
Public
7500
Concrete
Block
1410
Building Details
Building Size
1,410 SF
Year Built
1910
Stories
1
Listing Agency:
Lawrence Realty
(281) 444-5140
Listed By:
Steve Caton
(713) 417-7227
Source:
Garygreene
Added: Aug 18
Changed: Oct 7
Last Checked: Oct 7 at 10:21AM
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 Lawrence Realty
Investment Insights
Based on property information with market context.
This duplex contains two residential units: one with a bedroom and another with two bedrooms. Each unit includes a private bath, closet space, and a full kitchen, while an on-site washer and dryer serve both residences. The 1,410-square-foot property also includes a living room, breakfast area, office, utility room, granite countertops, wood finishes, and main-level bedrooms. The structure was built in 1910.
The property is located at 1905 Chapman Street in Houston. Security and access features include full perimeter fencing, a pedestrian gate, and an automatic driveway gate. Both units have their bedrooms and full baths on the main level.
The property is located at 1905 Chapman Street in Houston. Security and access features include full perimeter fencing, a pedestrian gate, and an automatic driveway gate. Both units have their bedrooms and full baths on the main level.
Key Highlights
- Two‑unit duplex with one 1‑bedroom unit and one 2‑bedroom unit
- 1,410 square feet; built in 1910
- Private bath, closet, and full kitchen in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,468
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,360
$369.4K
Cap Rate 7%
$263,829
$263.8K
Cap Rate 9%
$205,200
$205.2K
Market Conditions
NOI Build-Up for 1,410 SF
Gross rent
$27.9K $19.80/SF
− Vacancy
−$1.5K −$1.09/SF
EGI
$26.4K $18.71/SF
− OpEx
−$7.9K −$5.61/SF
NOI
$18.5K $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%
$369,360
Cap Rate 7%
$263,829
Cap Rate 9%
$205,200
Alternative Uses
Best Use
Multifamily LT 5
$263.8K
$230.9K – $307.8K
NOI $18,468 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$228.2K
$199.7K – $266.2K
NOI $15,974 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$362.6K
$317.3K – $423.0K
NOI $25,380 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
813
Businesses Nearby
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Business Placement
Demographics for 77009, TX
36,425
Population
17,890
Households
2
Avg Household Size
37
Median Age
39%
College-Educated
78%
High-School Grad
6.2 sq mi
ZIP Area
5,875
Density / Sq Mi
$81,921
Median Household Income
$49,446
Median Earnings
$1,229
Median Rent
$403,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer private baths, full kitchens, and shared laundry facilities within a fenced property.
Where is this duplex located?
The property is located at 1905 Chapman Street Houston, 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 with one 1‑bedroom unit and one 2‑bedroom unit; 1,410 square feet; built in 1910; Private bath, closet, and full kitchen in each unit
