Tenant-Occupied Duplex
For Sale
$220,000
19411 Lazy Valley Drive, Katy, TX 77449
Three-bedroom residence with an open layout, updated finishes, and a fenced outdoor area.
Property Size1,345 SF
Price / SF$163.57
Days on Market48
Property Features for 19411 Lazy Valley Drive
General Information
Standard status
Active
Size
1,345 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,338
Amenities
soaring ceilings
open-concept layout
vinyl plank flooring
painted cabinetry
black appliances
walk-in pantry
built-in desk
large walk-in closet
dual-sink vanity
oversized fully fenced backyard
concrete pad
Vinyl
Yes
2
3
Washer Hookup,Gas Dryer Hookup
Appraiser
1
Other
No
Public
5405
0.1241
Detached,Garage,None
Slab
1345
Building Details
Building Size
1,345 SF
Year Built
1980
Stories
1
Listing Agency:
HomeLand Properties, Inc
(281) 646-1136
Listed By:
Amanda Hill
(713) 385-1641
Source:
Garygreene
Added: Sep 6
Changed: Oct 21
Last Checked: Oct 23 at 5:55AM
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 HomeLand Properties, Inc
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Investment Insights
Based on property information with market context.
The left-side residence in a duplex is currently tenant occupied, with occupancy scheduled through 02/29/2028. The home contains 1,345 square feet with three bedrooms and two bathrooms, plus soaring ceilings, an open-concept arrangement, and vinyl plank flooring throughout. The interior has no carpet and receives abundant natural light. Recent updates include painted kitchen cabinetry, black appliances, a walk-in pantry, and a built-in desk. The primary suite includes a large walk-in closet and dual-sink vanity, while the additional bedrooms provide flexible accommodation.
Outside, the property offers an oversized, fully fenced backyard with a concrete pad. The residence also includes washer and gas dryer hookups, a detached garage, and slab construction. The property provides access to I-10 and is near Katy Mills Mall, Katy Asian Town, dining, grocery stores, and shopping centers.
Outside, the property offers an oversized, fully fenced backyard with a concrete pad. The residence also includes washer and gas dryer hookups, a detached garage, and slab construction. The property provides access to I-10 and is near Katy Mills Mall, Katy Asian Town, dining, grocery stores, and shopping centers.
Key Highlights
- Tenant occupied through 02/29/2028
- 1,345‑square‑foot duplex residence with 3 bedrooms and 2 bathrooms
- Vinyl plank flooring throughout with no carpet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,917
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$178,340
$178.3K
Cap Rate 7%
$127,386
$127.4K
Cap Rate 9%
$99,078
$99.1K
Market Conditions
NOI Build-Up for 1,345 SF
Gross rent
$17.9K $13.32/SF
− Vacancy
−$1.7K −$1.27/SF
EGI
$16.2K $12.05/SF
− OpEx
−$7.3K −$5.42/SF
NOI
$8.9K $6.63/SF
Area
Harris County, TX
Vacancy
9.50%
Lease Rate
$13.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$178,340
Cap Rate 7%
$127,386
Cap Rate 9%
$99,078
Alternative Uses
Best Use
Apartment 5plus
$127.4K
$111.5K – $148.6K
NOI $8,917 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$367.3K
$321.4K – $428.5K
NOI $25,708 @ 7.0% cap · market cap 11.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
Explore this area
Business Placement
Demographics for 77449, TX
128,180
Population
40,773
Households
3.1
Avg Household Size
32
Median Age
28%
College-Educated
86%
High-School Grad
27.0 sq mi
ZIP Area
4,747
Density / Sq Mi
$85,934
Median Household Income
$42,015
Median Earnings
$1,755
Median Rent
$236,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom residence with an open layout, updated finishes, and a fenced outdoor area.
Where is this residential income property located?
The property is located at 19411 Lazy Valley Drive Katy, TX.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Tenant occupied through 02/29/2028; 1,345‑square‑foot duplex residence with 3 bedrooms and 2 bathrooms; Vinyl plank flooring throughout with no carpet
