Newly Built Three-Bedroom
For Sale
$419,000
Pending
2516 Lucky St, Houston, TX 77088
Modern duplex offers private entrances, central electric HVAC, and in-unit laundry connections.
Property Size2,483 SF
Days on Market94
Property Features for 2516 Lucky St
General Information
Standard status
Pending
Size
2,483 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Acres Home
Taxes and HOA fees
Annual Taxes
$2,828
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Carlen Rosson
(713) 293-2186
Source:
Exprealty
Added: Aug 5
Changed: Nov 2
Last Checked: Nov 4 at 3:33PM
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.
Completed in 2026, this duplex presents a two-unit residential income property with contemporary finishes and practical layouts. Each unit includes 3 bedrooms, 2 full bathrooms, an open-concept living area, light wood cabinetry, stainless steel appliances, a subway tile backsplash, and wood-look ceramic tile flooring. Additional interior details include spacious bedrooms with generous closet space, ceiling fans, tile-finished bathrooms, matte black fixtures, and a modern accent wall in the main living space.
Both units have separate private entrances, central electric HVAC, and connections for in-unit laundry equipment. The property occupies a large lot just north of the Heights, providing outdoor space alongside the duplex configuration. Mobility scores are 33 for biking, 14 for walking, and 32 for transit.
Both units have separate private entrances, central electric HVAC, and connections for in-unit laundry equipment. The property occupies a large lot just north of the Heights, providing outdoor space alongside the duplex configuration. Mobility scores are 33 for biking, 14 for walking, and 32 for transit.
Key Highlights
- Built in 2026
- Two units, each with 3 bedrooms and 2 full bathrooms
- Open‑concept layouts with stainless steel appliances and subway tile backsplashes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,522
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$650,440
$650.4K
Cap Rate 7%
$464,600
$464.6K
Cap Rate 9%
$361,356
$361.4K
Market Conditions
NOI Build-Up for 2,483 SF
Gross rent
$49.2K $19.80/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$46.5K $18.71/SF
− OpEx
−$13.9K −$5.61/SF
NOI
$32.5K $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%
$650,440
Cap Rate 7%
$464,600
Cap Rate 9%
$361,356
Alternative Uses
Best Use
Multifamily LT 5
$464.6K
$406.5K – $542.0K
NOI $32,522 @ 7.0% cap · market cap 7.76%
Second Best
Apartment 5plus
$401.9K
$351.6K – $468.8K
NOI $28,130 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$638.5K
$558.7K – $744.9K
NOI $44,694 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
258
Businesses Nearby
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Business Placement
Demographics for 77088, TX
54,320
Population
18,500
Households
2.9
Avg Household Size
35
Median Age
13%
College-Educated
72%
High-School Grad
11.1 sq mi
ZIP Area
4,894
Density / Sq Mi
$52,549
Median Household Income
$32,015
Median Earnings
$1,177
Median Rent
$173,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Modern duplex offers private entrances, central electric HVAC, and in-unit laundry connections.
Where is this duplex located?
The property is located at 2516 Lucky St Houston, TX.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Built in 2026; Two units, each with 3 bedrooms and 2 full bathrooms; Open‑concept layouts with stainless steel appliances and subway tile backsplashes
