2020-Built Duplex with Modern
For Sale
$260,000
26471 Joy Village Dr, Splendora, TX 77372
Each residence offers open-concept living, two full bathrooms, and no HOA restrictions.
Property Size2,115 SF
Lot Size0.37 Acres
Days on Market47
Property Features for 26471 Joy Village Dr
General Information
Standard status
Active
Size
2,115 SF
Lot size
0.37 Acres
Property subtype
Investment
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,065
Building Details
Building Size
2,115 SF
Year Built
2020
Buildings
1
Stories
1
Listed By:
CeMon Johnson
(713) 440-3912
Source:
Elliman
Added: Sep 4
Changed: Oct 5
Last Checked: Oct 19 at 6:53AM
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 CeMon Johnson
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Investment Insights
Based on property information with market context.
Built in 2020, this duplex places two residences on an oversized 16,000+ square-foot lot. Both units feature open-concept interiors, granite countertops, black appliances, two full bathrooms, wood-look luxury vinyl plank flooring, double-pane windows, and contemporary finishes. The property also provides ample parking and outdoor space.
The duplex is located near I-45 and Grand Parkway (99), with shopping, dining, and major employment centers in the surrounding area. Walk Score is 1 and Bike Score is 29, reflecting a primarily automobile-oriented setting.
No HOA restrictions apply. The combination of newer construction, two-bathroom layouts, durable interior finishes, and a substantial lot defines the property’s practical configuration.
The duplex is located near I-45 and Grand Parkway (99), with shopping, dining, and major employment centers in the surrounding area. Walk Score is 1 and Bike Score is 29, reflecting a primarily automobile-oriented setting.
No HOA restrictions apply. The combination of newer construction, two-bathroom layouts, durable interior finishes, and a substantial lot defines the property’s practical configuration.
Key Highlights
- Duplex built in 2020
- Two full bathrooms in each unit
- Open‑concept layouts with granite countertops and black appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,588
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,760
$471.8K
Cap Rate 7%
$336,971
$337.0K
Cap Rate 9%
$262,089
$262.1K
Market Conditions
NOI Build-Up for 2,115 SF
Gross rent
$36.0K $17.04/SF
− Vacancy
−$2.3K −$1.11/SF
EGI
$33.7K $15.93/SF
− OpEx
−$10.1K −$4.78/SF
NOI
$23.6K $11.15/SF
Area
Montgomery County, TX
Vacancy
6.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,760
Cap Rate 7%
$336,971
Cap Rate 9%
$262,089
Alternative Uses
Best Use
Multifamily LT 5
$337.0K
$294.9K – $393.1K
NOI $23,588 @ 7.0% cap · market cap 9.07%
Second Best
Apartment 5plus
$317.5K
$277.8K – $370.4K
NOI $22,222 @ 7.0% cap · market cap 8.55%
Theoretical Best
Specialty Retail
$533.9K
$467.2K – $622.9K
NOI $37,376 @ 7.0% cap · market cap 14.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
Explore this area
Business Placement
Demographics for 77372, TX
13,306
Population
4,779
Households
2.8
Avg Household Size
36
Median Age
12%
College-Educated
80%
High-School Grad
51.5 sq mi
ZIP Area
258
Density / Sq Mi
$78,601
Median Household Income
$38,263
Median Earnings
$1,226
Median Rent
$217,600
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 - Each residence offers open-concept living, two full bathrooms, and no HOA restrictions.
Where is this duplex located?
The property is located at 26471 Joy Village Dr Splendora, TX.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Duplex built in 2020; Two full bathrooms in each unit; Open‑concept layouts with granite countertops and black appliances
