Duplex with
For Sale
$498,000
2037 Oak Forest Drive A-b, Houston, TX 77018
Two rental units have separate bedroom and bathroom layouts in a gated community.
Property Size2,006 SF
Price / SF$248.26
Days on Market13
Property Features for 2037 Oak Forest Drive A-b
General Information
Standard status
Active
Size
2,006 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Central Northwest
Units
Unit Mix
1 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
gated community
green space
backyard
Plank,Tile,Vinyl
true
2
Washer Hookup,Dryer Hookup
Appraiser
Other
4184
2006
Building Details
Building Size
2,006 SF
Year Built
2025
Stories
3
Listing Agency:
(409) 215-3910
Listed By:
William Jenkins
Source:
Hatmakergroup
Added: Oct 21
Changed: Oct 31
Last Checked: Oct 31 at 2:44AM
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 William Jenkins
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,006-square-foot duplex is under construction, with completion identified for 2025. Its two units include one 2-bedroom, 2-bathroom layout and one 1-bedroom, 1-bathroom layout. Interior details include plank, tile, and vinyl flooring, quartz counters, tiled bathrooms, island kitchens, and 10-foot ceilings. A full appliance package, blinds, and remote-operated garage access are also included. The property has a backyard, garage, and covered parking.
The gated community includes shared green space. The address is 2037 Oak Forest Drive in Houston, with the property described as near Independent Heights and Garden Oaks and a short trip from downtown Houston.
The gated community includes shared green space. The address is 2037 Oak Forest Drive in Houston, with the property described as near Independent Heights and Garden Oaks and a short trip from downtown Houston.
Key Highlights
- Two units: one 2‑bedroom/2‑bathroom and one 1‑bedroom/1‑bathroom
- 2,006 square feet; construction year listed as 2025
- Quartz counters, island kitchens, and plank, tile, and vinyl flooring
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.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,431
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two rental units have separate bedroom and bathroom layouts in a gated community.
Where is this duplex located?
The property is located at 2037 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: Two units: one 2‑bedroom/2‑bathroom and one 1‑bedroom/1‑bathroom; 2,006 square feet; construction year listed as 2025; Quartz counters, island kitchens, and plank, tile, and vinyl flooring
