Condo Near Galleria
For Sale
$244,000
2512 Bering Dr, Houston, TX 77057
Condo leased until December 2025, near Galleria area.
Property Size1,640 SF
Lot Size4.59 Acres
Days on Market331
Property Features for 2512 Bering Dr
General Information
Standard status
Active
Size
1,640 SF
Lot size
4.59 Acres
Property subtype
Other
Site & Location
Neighborhood
Mid West
Building Details
Building Size
1,640 SF
Year Built
1979
Stories
2
Listing Agency:
AFFINITY REALTY LLC
Listed By:
Carlos Perez · License #0568485
(281) 923-4900
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 17
Last Checked: Oct 24 at 4:46PM
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 AFFINITY REALTY LLC
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Investment Insights
Based on property information with market context.
This condo is located minutes from the Galleria area. The first floor features a wood-burning fireplace, an open kitchen and dining area, a walk-in pantry, and a breakfast bar. Upstairs, there are two bedrooms with wood flooring. The master bath has been renovated and includes double sinks, a tub, and a walk-in shower. The condo has natural light, walk-in closets, and a private patio that leads to a detached two-car garage. A washer and dryer are included. Residents have access to a community pool. Water and trash pick up are included. The property is leased until December 2025 and is for investors only.
Key Highlights
- Leased until Dec 2025 - ideal for investors seeking immediate returns
- Prime location near the Galleria area
- Renovated master bath features double sinks, a relaxing tub, and a separate walk‑in shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,480
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,600
$429.6K
Cap Rate 7%
$306,857
$306.9K
Cap Rate 9%
$238,667
$238.7K
Market Conditions
NOI Build-Up for 1,640 SF
Gross rent
$32.5K $19.80/SF
− Vacancy
−$1.8K −$1.09/SF
EGI
$30.7K $18.71/SF
− OpEx
−$9.2K −$5.61/SF
NOI
$21.5K $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%
$429,600
Cap Rate 7%
$306,857
Cap Rate 9%
$238,667
Alternative Uses
Best Use
Multifamily LT 5
$306.9K
$268.5K – $358.0K
NOI $21,480 @ 7.0% cap · market cap 8.80%
Second Best
Apartment 5plus
$265.4K
$232.3K – $309.7K
NOI $18,580 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$421.7K
$369.0K – $492.0K
NOI $29,520 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
4,249
Businesses Nearby
Explore this area
Business Placement
Demographics for 77057, TX
43,669
Population
25,231
Households
1.7
Avg Household Size
36
Median Age
53%
College-Educated
87%
High-School Grad
4.3 sq mi
ZIP Area
10,156
Density / Sq Mi
$66,200
Median Household Income
$40,419
Median Earnings
$1,354
Median Rent
$318,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Condo leased until December 2025, near Galleria area.
Where is this duplex located?
The property is located at 2512 Bering Dr Houston, TX.
What is the asking price?
The asking price for this property is $244,000.
What are key features of this property?
This property features: Leased until Dec 2025 - ideal for investors seeking immediate returns; Prime location near the Galleria area; Renovated master bath features double sinks, a relaxing tub, and a separate walk‑in shower
