Two-Story
New
For Sale
$640,000
215 Pheasant Street # B Unit A and B, Houston, TX 77018
The property contains two separate residences, each with two bedrooms and an open-plan layout.
Property Size3,508 SF
Price / SF$188.24
Days on Market6
Property Features for 215 Pheasant Street # B Unit A and B
General Information
Standard status
Active
Size
3,508 SF
Property subtype
Multi Family,Duplex
Site & Location
Neighborhood
Central Northwest
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,828
Building Details
Building Size
3,508 SF
Year Built
2026
Buildings
1
Stories
2
Listing Agency:
Illustrious Realty, LLC
Listed By:
Crystal Joy
(832) 844-8608
Source:
Livingvoguerealestate
Added: Oct 24
Changed: Oct 26
Last Checked: Oct 28 at 3:03PM
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 Illustrious Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 2026, this two-story duplex contains 3,400 square feet across two residences, each measuring 1,700 square feet. Both units have two bedrooms, open-plan living areas, contemporary finishes, and energy-efficient construction.
The property is in Houston, near major thoroughfares, dining, and transit.
The property is in Houston, near major thoroughfares, dining, and transit.
Key Highlights
- 3,400 square feet across two units
- Two residences of 1,700 square feet each
- Two‑story building, constructed in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,532
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$890,640
$890.6K
Cap Rate 7%
$636,171
$636.2K
Cap Rate 9%
$494,800
$494.8K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$67.3K $19.80/SF
− Vacancy
−$3.7K −$1.09/SF
EGI
$63.6K $18.71/SF
− OpEx
−$19.1K −$5.61/SF
NOI
$44.5K $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%
$890,640
Cap Rate 7%
$636,171
Cap Rate 9%
$494,800
Alternative Uses
Best Use
Multifamily LT 5
$636.2K
$556.7K – $742.2K
NOI $44,532 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$550.3K
$481.5K – $642.0K
NOI $38,519 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$874.3K
$765.0K – $1.02M
NOI $61,200 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,198
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The property contains two separate residences, each with two bedrooms and an open-plan layout.
Where is this duplex located?
The property is located at 215 Pheasant Street # B Unit A and B Houston, TX.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: 3,400 square feet across two units; Two residences of 1,700 square feet each; Two‑story building, constructed in 2026
