Duplex with Attached
For Sale
$610,000
1935 - 1937 Dewalt Street, Houston, TX 77088
Two side-by-side residences feature open interiors, quartz kitchens, gas cooking, and generous outdoor space.
Property Size3,600 SF
Price / SF$169.44
Days on Market62
Property Features for 1935 - 1937 Dewalt Street
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,226
Amenities
gated community
attached garage
Carpet,Plank,Tile,Vinyl
Yes
2
3
Low-Emissivity Windows
Appraiser
Quartz Counters,Ceiling Fan(s)
5750
3600
Building Details
Building Size
3,600 SF
Year Built
2026
Stories
2
Listing Agency:
1st Texas Realty Services
(713) 465-6644
Listed By:
G.G. Sourced Lead
Source:
Garygreene
Added: Aug 17
Changed: Oct 16
Last Checked: Oct 16 at 6:19AM
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 1st Texas Realty Services
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Investment Insights
Based on property information with market context.
This 2026-built duplex at 1935–1937 Dewalt St. presents two homes side by side within a gated community. The design combines bold charcoal exteriors, distinctive rooflines, oversized windows, and an open interior arrangement with high ceilings and neutral finishes. An attached garage and large yard add practical functionality.
Inside, the kitchen serves as the central gathering space, with an oversized island, tall cabinetry, quartz countertops, and gas cooking. Abundant natural light supports the bright interior, while the clean palette allows for individual styling. The property is located in Houston, Texas, with a Walk Score of 28, a Bike Score of 41, and a Transit Score of 36.
Inside, the kitchen serves as the central gathering space, with an oversized island, tall cabinetry, quartz countertops, and gas cooking. Abundant natural light supports the bright interior, while the clean palette allows for individual styling. The property is located in Houston, Texas, with a Walk Score of 28, a Bike Score of 41, and a Transit Score of 36.
Key Highlights
- Two side‑by‑side homes in a gated community
- Built in 2026 at 1935–1937 Dewalt St.
- Oversized windows, high ceilings, and open interior layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,152
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$943,040
$943.0K
Cap Rate 7%
$673,600
$673.6K
Cap Rate 9%
$523,911
$523.9K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$71.3K $19.80/SF
− Vacancy
−$3.9K −$1.09/SF
EGI
$67.4K $18.71/SF
− OpEx
−$20.2K −$5.61/SF
NOI
$47.2K $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%
$943,040
Cap Rate 7%
$673,600
Cap Rate 9%
$523,911
Alternative Uses
Best Use
Multifamily LT 5
$673.6K
$589.4K – $785.9K
NOI $47,152 @ 7.0% cap · market cap 7.73%
Second Best
Apartment 5plus
$582.6K
$509.8K – $679.8K
NOI $40,785 @ 7.0% cap · market cap 6.69%
Theoretical Best
Office A
$925.7K
$810.0K – $1.08M
NOI $64,800 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
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Business Placement
Demographics for 77088, TX
54,320
Population
18,500
Households
2.9
Avg Household Size
35
Median Age
13%
College-Educated
72%
High-School Grad
11.1 sq mi
ZIP Area
4,894
Density / Sq Mi
$52,549
Median Household Income
$32,015
Median Earnings
$1,177
Median Rent
$173,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two side-by-side residences feature open interiors, quartz kitchens, gas cooking, and generous outdoor space.
Where is this duplex located?
The property is located at 1935 - 1937 Dewalt Street Houston, TX.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: Two side‑by‑side homes in a gated community; Built in 2026 at 1935–1937 Dewalt St.; Oversized windows, high ceilings, and open interior layouts
