Duplex Requiring
For Sale
$200,000
2409 Elysian St, Houston, TX 77009
This duplex requires substantial rehabilitation and is offered in its present condition.
Property Size1,620 SF
Lot Size0.11 Acres
Price / SF$123.46
Days on Market14
Property Features for 2409 Elysian St
General Information
Standard status
Active
Size
1,620 SF
Lot size
0.11 Acres
Property subtype
Residential Income
Property Condition
Severity
Major Repairs Needed
Evidence
Significant renovation needed
Site & Location
Neighborhood
Near Northside
Additional Details
Asking Price
$200,000
Taxes and HOA fees
Annual Taxes
$3,252
Building Details
Year Built
1928
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Felipe Padilla
(713) 377-6202
Source:
Exprealty
Added: Oct 12
Changed: Oct 24
Last Checked: Oct 24 at 10:03PM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
The Houston duplex contains 4 bedrooms and 2 full baths across approximately 1,620 square feet. Built in 1928, the property has significant renovation needs and is being sold as-is. The parcel measures approximately 5,000 square feet.
The property is in Houston’s Near Northside area, with access to Downtown Houston and nearby redevelopment activity.
The property is in Houston’s Near Northside area, with access to Downtown Houston and nearby redevelopment activity.
Key Highlights
- 4 bedrooms and 2 full baths
- Approximately 1,620 square feet of building area
- Approximately 5,000 square feet of land
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,353
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,060
$367.1K
Cap Rate 7%
$262,186
$262.2K
Cap Rate 9%
$203,922
$203.9K
Market Conditions
NOI Build-Up for 1,620 SF
Gross rent
$35.6K $21.96/SF
− Vacancy
−$2.2K −$1.36/SF
EGI
$33.4K $20.60/SF
− OpEx
−$15.0K −$9.27/SF
NOI
$18.4K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,060
Cap Rate 7%
$262,186
Cap Rate 9%
$203,922
Alternative Uses
Best Use
Multifamily LT 5
$303.1K
$265.2K – $353.6K
NOI $21,218 @ 7.0% cap · market cap 10.61%
Second Best
Apartment 5plus
$262.2K
$229.4K – $305.9K
NOI $18,353 @ 7.0% cap · market cap 9.18%
Theoretical Best
Office A
$416.6K
$364.5K – $486.0K
NOI $29,160 @ 7.0% cap · market cap 14.58%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
733
Businesses Nearby
Explore this area
Business Placement
Demographics for 77009, TX
36,425
Population
17,890
Households
2
Avg Household Size
37
Median Age
39%
College-Educated
78%
High-School Grad
6.2 sq mi
ZIP Area
5,875
Density / Sq Mi
$81,921
Median Household Income
$49,446
Median Earnings
$1,229
Median Rent
$403,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - This duplex requires substantial rehabilitation and is offered in its present condition.
Where is this duplex located?
The property is located at 2409 Elysian St Houston, TX.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 4 bedrooms and 2 full baths; Approximately 1,620 square feet of building area; Approximately 5,000 square feet of land
