Two-Unit Duplex with Modern
For Sale
$419,000
2518 Lucky St, Houston, TX 77088
New construction pairs two three-bedroom residences with private entries, in-unit laundry hookups, and central electric HVAC.
Property Size2,483 SF
Price / SF$168.75
Days on Market61
Property Features for 2518 Lucky St
General Information
Standard status
Active
Size
2,483 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Acres Home
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,828
Building Details
Year Built
2026
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Carlen Rosson
(713) 293-2186
Source:
Exprealty
Added: Sep 2
Changed: Oct 25
Last Checked: Oct 30 at 4:05PM
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 contains two residences, each offering 3 bedrooms and 2 full bathrooms. The interiors use an open living arrangement with light wood cabinetry, stainless steel appliances, subway tile backsplashes, and wood-look ceramic tile flooring. Custom accent walls, ceiling fans, generous closet space, and contemporary bathrooms with matte black fixtures add practical and visual detail. Both units have separate entrances, central electric HVAC, and connections for in-unit laundry equipment.
The property occupies a large lot just north of the Heights in Houston, providing outdoor space alongside the two-unit configuration. Its layout supports either an owner-occupant arrangement or separate residential leasing, as described in the property information.
The property occupies a large lot just north of the Heights in Houston, providing outdoor space alongside the two-unit configuration. Its layout supports either an owner-occupant arrangement or separate residential leasing, as described in the property information.
Key Highlights
- Duplex completed in 2026
- Each unit includes 3 bedrooms and 2 full bathrooms
- Private entrance for each residence
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.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
258
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - New construction pairs two three-bedroom residences with private entries, in-unit laundry hookups, and central electric HVAC.
Where is this duplex located?
The property is located at 2518 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: Duplex completed in 2026; Each unit includes 3 bedrooms and 2 full bathrooms; Private entrance for each residence
