Tenant-Occupied
For Sale
$400,000
2423 Lucas Street A-B, Houston, TX 77026
Both residences offer open layouts, updated finishes, and stainless steel kitchen appliances.
Property Size2,600 SF
Price / SF$153.85
Days on Market225
Property Features for 2423 Lucas Street A-B
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Greater Fifth Ward
Taxes and HOA fees
Annual Taxes
$7,554
Amenities
Yes
2
3
Appraiser
Corner Lot
6077
2600
Building Details
Building Size
2,600 SF
Year Built
2013
Stories
2
Listing Agency:
Connected Realty
(281) 486-1900
Listed By:
Minerva Hill
(832) 367-6596
Source:
Garygreene
Added: Mar 16
Changed: Oct 25
Last Checked: Oct 24 at 2:54PM
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 Connected Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2013, this duplex contains 2,600 square feet with two tenant-occupied residences. Each unit includes 3 bedrooms, 2 full bathrooms, an open living arrangement, and a kitchen with stainless steel appliances and ample cabinetry. Laminate and tile flooring provide durable finishes throughout the units.
The property is located at 2423 Lucas Street A-b in Houston, Texas 77026. Leases are in place through July and November, supporting existing occupancy. The duplex sits on a double lot, which offers potential for an additional building and expanded rental use.
The property is located at 2423 Lucas Street A-b in Houston, Texas 77026. Leases are in place through July and November, supporting existing occupancy. The duplex sits on a double lot, which offers potential for an additional building and expanded rental use.
Key Highlights
- 2,600‑square‑foot duplex built in 2013
- Two tenant‑occupied units, each with 3 bedrooms and 2 full bathrooms
- Open layouts with laminate and tile flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,054
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$681,080
$681.1K
Cap Rate 7%
$486,486
$486.5K
Cap Rate 9%
$378,378
$378.4K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$51.5K $19.80/SF
− Vacancy
−$2.8K −$1.09/SF
EGI
$48.6K $18.71/SF
− OpEx
−$14.6K −$5.61/SF
NOI
$34.1K $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%
$681,080
Cap Rate 7%
$486,486
Cap Rate 9%
$378,378
Alternative Uses
Best Use
Multifamily LT 5
$486.5K
$425.7K – $567.6K
NOI $34,054 @ 7.0% cap · market cap 8.51%
Second Best
Apartment 5plus
$420.8K
$368.2K – $490.9K
NOI $29,456 @ 7.0% cap · market cap 7.36%
Theoretical Best
Office A
$668.6K
$585.0K – $780.0K
NOI $46,800 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Explore this area
Business Placement
Demographics for 77026, TX
23,405
Population
9,580
Households
2.4
Avg Household Size
36
Median Age
9%
College-Educated
70%
High-School Grad
6.6 sq mi
ZIP Area
3,546
Density / Sq Mi
$34,835
Median Household Income
$29,339
Median Earnings
$962
Median Rent
$104,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer open layouts, updated finishes, and stainless steel kitchen appliances.
Where is this duplex located?
The property is located at 2423 Lucas Street A-B Houston, 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: 2,600‑square‑foot duplex built in 2013; Two tenant‑occupied units, each with 3 bedrooms and 2 full bathrooms; Open layouts with laminate and tile flooring
