Updated Two-Unit
For Sale
$259,900
2410 Milby Street, Houston, TX 77004
Two separate residences support owner-occupant living or rental income from the additional unit.
Property Size1,600 SF
Price / SF$162.44
Days on Market51
Property Features for 2410 Milby Street
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,701
Amenities
Vinyl
Yes
2
4
Appraiser
1900
1600
Building Details
Building Size
1,600 SF
Year Built
1940
Buildings
1
Stories
2
Listing Agency:
Cameron Real Estate
(281) 486-1900
Listed By:
Norman Frenk
(713) 818-0829
Source:
Garygreene
Added: Aug 28
Changed: Oct 16
Last Checked: Oct 16 at 6:18AM
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 Cameron Real Estate
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Investment Insights
Based on property information with market context.
This two-story duplex contains two separate units, each with two bedrooms and one bathroom, within approximately 1,600 square feet. Built in 1940, the property has received multiple updates, including exterior painting, refreshed kitchens, and select plumbing and electrical work. The lower unit also features new vinyl flooring, updated lighting, and repainted cabinetry.
Located at 2410 Milby Street in Houston, the property is minutes from the University of Houston, Texas Southern University, downtown Houston, and the Texas Medical Center. Its two-unit configuration accommodates an owner-occupant arrangement or continued rental use, subject to applicable requirements.
Located at 2410 Milby Street in Houston, the property is minutes from the University of Houston, Texas Southern University, downtown Houston, and the Texas Medical Center. Its two-unit configuration accommodates an owner-occupant arrangement or continued rental use, subject to applicable requirements.
Key Highlights
- Two separate 2‑bedroom, 1‑bath units
- Two‑story duplex with approximately 1,600 square feet
- Updated kitchens in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,956
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,120
$419.1K
Cap Rate 7%
$299,371
$299.4K
Cap Rate 9%
$232,844
$232.8K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$31.7K $19.80/SF
− Vacancy
−$1.7K −$1.09/SF
EGI
$29.9K $18.71/SF
− OpEx
−$9.0K −$5.61/SF
NOI
$21.0K $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%
$419,120
Cap Rate 7%
$299,371
Cap Rate 9%
$232,844
Alternative Uses
Best Use
Multifamily LT 5
$299.4K
$262.0K – $349.3K
NOI $20,956 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$259.0K
$226.6K – $302.1K
NOI $18,127 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$411.4K
$360.0K – $480.0K
NOI $28,800 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
Explore this area
Business Placement
Demographics for 77004, TX
37,005
Population
18,321
Households
2
Avg Household Size
31
Median Age
57%
College-Educated
96%
High-School Grad
5.2 sq mi
ZIP Area
7,116
Density / Sq Mi
$65,901
Median Household Income
$55,909
Median Earnings
$1,320
Median Rent
$384,100
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 - Two separate residences support owner-occupant living or rental income from the additional unit.
Where is this duplex located?
The property is located at 2410 Milby Street Houston, TX.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Two separate 2‑bedroom, 1‑bath units; Two‑story duplex with approximately 1,600 square feet; Updated kitchens in both units
