Duplex with Quartz
2035 Oak Forest Drive #A-B, Houston, TX 77018
For Sale
$498,000
Two rental units offer separate bedroom and bathroom configurations, with shared access to gated community grounds and green space.
Property Size2,006 SF
Price / SF$248.26
Days on Market37
Property Features for 2035 Oak Forest Drive #A-B
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
garage
covered parking
backyard
gated community
green space
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Walzel Properties - Corporate Office
(832) 674-4960
Listed By:
Tina Vu
(832) 732-9772
Source:
Ladybugrealtors
Added: Oct 9
Changed: Nov 13
Last Checked: Nov 13 at 8:24PM
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 Walzel Properties - Corporate Office
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Investment Insights
Based on property information with market context.
Under construction at 2035 Oak Forest Drive, this 2,006-square-foot duplex is planned with two units: one offering two bedrooms and two bathrooms, and the other with one bedroom and one bathroom. The property includes a garage, covered parking, and a backyard. Interior details include quartz counters, plank flooring, island kitchens, ceiling fans, and 10-foot ceilings. The planned appliance package and window blinds are also included; bathrooms feature subway and hex tile.
The duplex is in a gated community with green space. The property information identifies proximity to Garden Oaks and downtown Houston, as well as the Independent Heights area.
The duplex is in a gated community with green space. The property information identifies proximity to Garden Oaks and downtown Houston, as well as the Independent Heights area.
Key Highlights
- 2,006‑square‑foot duplex under construction
- Unit mix: one 2‑bedroom, 2‑bathroom unit and one 1‑bedroom, 1‑bathroom unit
- Garage, covered parking, and backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,274
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,480
$525.5K
Cap Rate 7%
$375,343
$375.3K
Cap Rate 9%
$291,933
$291.9K
Market Conditions
NOI Build-Up for 2,006 SF
Gross rent
$39.7K $19.80/SF
− Vacancy
−$2.2K −$1.09/SF
EGI
$37.5K $18.71/SF
− OpEx
−$11.3K −$5.61/SF
NOI
$26.3K $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%
$525,480
Cap Rate 7%
$375,343
Cap Rate 9%
$291,933
Alternative Uses
Best Use
Multifamily LT 5
$375.3K
$328.4K – $437.9K
NOI $26,274 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$324.7K
$284.1K – $378.8K
NOI $22,726 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$515.8K
$451.4K – $601.8K
NOI $36,108 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,431
Businesses Nearby
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Business Placement
Demographics for 77018, TX
27,870
Population
13,335
Households
2.1
Avg Household Size
38
Median Age
60%
College-Educated
92%
High-School Grad
6.8 sq mi
ZIP Area
4,099
Density / Sq Mi
$121,658
Median Household Income
$75,487
Median Earnings
$1,256
Median Rent
$543,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Houston, TX
Properties on Market for Duplexes in Houston
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two rental units offer separate bedroom and bathroom configurations, with shared access to gated community grounds and green space.
Where is this duplex located?
The property is located at 2035 Oak Forest Drive #A-B Houston, TX.
What is the asking price?
The asking price for this property is $498,000.
What are key features of this property?
This property features: 2,006‑square‑foot duplex under construction; Unit mix: one 2‑bedroom, 2‑bathroom unit and one 1‑bedroom, 1‑bathroom unit; Garage, covered parking, and backyard
