Updated Two-Unit
For Sale
$400,000
Pending
222 West Dr, League City, TX 77565
Furnished two-story property offers two one-bedroom units, modern finishes, and a spacious outdoor deck.
Property Size2,544 SF
Lot Size0.23 Acres
Days on Market51
Property Features for 222 West Dr
General Information
Standard status
Pending
Size
2,544 SF
Lot size
0.23 Acres
Property subtype
Investment
Lease Term
Weekly
Units
Unit Mix
2 x 1/1
Multifamily Units
3
Additional Details
Furnished
Yes
Land Use
residential
Taxes and HOA fees
Annual Taxes
$3,823
Amenities
outdoor deck
Building Details
Building Size
2,544 SF
Year Built
1971
Buildings
2
Stories
2
Units
3
Listing Agency:
All City Real Estate
Listed By:
Hasan Yacoub · License #TX0757742
(512) 395-5017
Source:
Elliman
Added: Sep 10
Changed: Oct 28
Last Checked: Oct 28 at 8:17AM
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 All City Real Estate
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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.
Located at 222 West Dr in League City, this duplex property includes a two-story building with two separate one-bedroom, one-bath units. The improvements were built in 1971 and have been updated with modern finishes. Both residences are furnished and currently operated as short-term rentals, with access to a spacious outdoor deck.
The offering also includes two adjoining 5,000 SF lots totaling approximately 10,000 SF. The second lot contains a tenant-occupied mobile home that functions as an additional income-producing unit. The property is positioned directly behind TownHarbour Estates residential development and has a 34 Bike Score and 21 Walk Score, reflecting a somewhat bikeable, car-dependent setting.
The offering also includes two adjoining 5,000 SF lots totaling approximately 10,000 SF. The second lot contains a tenant-occupied mobile home that functions as an additional income-producing unit. The property is positioned directly behind TownHarbour Estates residential development and has a 34 Bike Score and 21 Walk Score, reflecting a somewhat bikeable, car-dependent setting.
Key Highlights
- Two adjoining 5,000 SF lots totaling approximately 10,000 SF
- Two‑story building with two 1/1 units
- Updated interiors with modern finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,084
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,680
$661.7K
Cap Rate 7%
$472,629
$472.6K
Cap Rate 9%
$367,600
$367.6K
Market Conditions
NOI Build-Up for 2,544 SF
Gross rent
$50.4K $19.80/SF
− Vacancy
−$3.1K −$1.22/SF
EGI
$47.3K $18.58/SF
− OpEx
−$14.2K −$5.57/SF
NOI
$33.1K $13.00/SF
Area
League City, TX
Vacancy
6.17%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,680
Cap Rate 7%
$472,629
Cap Rate 9%
$367,600
Alternative Uses
Best Use
Multifamily LT 5
$472.6K
$413.6K – $551.4K
NOI $33,084 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$435.1K
$380.7K – $507.6K
NOI $30,456 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$773.8K
$677.1K – $902.8K
NOI $54,168 @ 7.0% cap · market cap 13.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
Explore this area
Business Placement
Demographics for 77565, TX
6,966
Population
3,304
Households
2.1
Avg Household Size
47
Median Age
42%
College-Educated
95%
High-School Grad
3.6 sq mi
ZIP Area
1,935
Density / Sq Mi
$85,726
Median Household Income
$54,877
Median Earnings
$1,667
Median Rent
$376,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Furnished two-story property offers two one-bedroom units, modern finishes, and a spacious outdoor deck.
Where is this duplex located?
The property is located at 222 West Dr League City, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two adjoining 5,000 SF lots totaling approximately 10,000 SF; Two‑story building with two 1/1 units; Updated interiors with modern finishes
