Two-Story
New
For Sale
$850,000
2124 South Boulevard, Houston, TX 77098
The two-level property sits near shopping, dining, parks, museums, Rice University, and Houston’s Medical Center.
Property Size2,624 SF
Lot Size0.11 Acres
Price / SF$323.93
Days on Market6
Property Features for 2124 South Boulevard
General Information
Standard status
Active
Size
2,624 SF
Lot size
0.11 Acres
Property subtype
Multi Family,Duplex
Site & Location
Neighborhood
Chevy Chase Civic Club
Additional Details
Land Use
residential
Taxes and HOA fees
Annual Taxes
$15,663
Building Details
Building Size
2,624 SF
Year Built
1938
Stories
2
Listing Agency:
Greenwood King Properties - Kirby Office
Listed By:
Natalie Lepow
(713) 614-1000
Source:
Greenwoodking
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 3:23PM
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 Greenwood King Properties - Kirby Office
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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 two-story duplex contains 2,624 square feet on a 5,000-square-foot lot. Built in 1938, the property is located at 2124 South Boulevard in Houston’s Boulevard Oaks neighborhood.
Shopping, dining, parks, museums, Rice University, and Houston’s Medical Center are nearby. The property’s residential configuration and established setting define its current offering.
Shopping, dining, parks, museums, Rice University, and Houston’s Medical Center are nearby. The property’s residential configuration and established setting define its current offering.
Key Highlights
- 2,624 square feet on a 5,000‑square‑foot lot
- Built in 1938
- Located on South Boulevard in Houston’s Boulevard Oaks neighborhood
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,368
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$687,360
$687.4K
Cap Rate 7%
$490,971
$491.0K
Cap Rate 9%
$381,867
$381.9K
Market Conditions
NOI Build-Up for 2,624 SF
Gross rent
$52.0K $19.80/SF
− Vacancy
−$2.9K −$1.09/SF
EGI
$49.1K $18.71/SF
− OpEx
−$14.7K −$5.61/SF
NOI
$34.4K $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%
$687,360
Cap Rate 7%
$490,971
Cap Rate 9%
$381,867
Alternative Uses
Best Use
Multifamily LT 5
$491.0K
$429.6K – $572.8K
NOI $34,368 @ 7.0% cap · market cap 4.04%
Second Best
Apartment 5plus
$424.7K
$371.6K – $495.5K
NOI $29,728 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$674.7K
$590.4K – $787.2K
NOI $47,232 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
3,636
Businesses Nearby
Explore this area
Business Placement
Demographics for 77098, TX
15,717
Population
10,181
Households
1.5
Avg Household Size
36
Median Age
81%
College-Educated
99%
High-School Grad
1.8 sq mi
ZIP Area
8,732
Density / Sq Mi
$115,867
Median Household Income
$83,401
Median Earnings
$1,854
Median Rent
$777,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The two-level property sits near shopping, dining, parks, museums, Rice University, and Houston’s Medical Center.
Where is this duplex located?
The property is located at 2124 South Boulevard Houston, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 2,624 square feet on a 5,000‑square‑foot lot; Built in 1938; Located on South Boulevard in Houston’s Boulevard Oaks neighborhood
