Duplex with Split
New
For Sale
$464,900
2802 Holman Street, Houston, TX 77004
Furnished configuration can serve as two separate two-bedroom residences or one four-bedroom home.
Property Size1,728 SF
Days on Market7
Property Features for 2802 Holman Street
General Information
Standard status
Active
Size
1,728 SF
Property subtype
Multi Family,Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$5,365
Amenities
in-unit laundry
Building Details
Building Size
1,728 SF
Year Built
1938
Buildings
1
Listing Agency:
My Castle Realty
Listed By:
Gary Bisha · License #0508227
(713) 683-0054
Source:
Mpowerrealtygroup
Added: Oct 1
Changed: Oct 6
Last Checked: Oct 5 at 9:38PM
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 My Castle Realty
Investment Insights
Based on property information with market context.
Built in 1938, this furnished duplex has four bedrooms and four full bathrooms. Its cross-through floor plan can be arranged as two separate two-bedroom, two-bathroom living spaces or used as one larger residence. Each side has a living and dining area, a kitchen with appliances, and a full-sized in-unit laundry setup.
The property is in Houston’s 77004 area, with access to the Texas Medical Center, Midtown, Downtown, the Museum District, Hermann Park, and nearby light rail and freeways. The University of Houston, Texas Southern, and Rice University are also identified as nearby destinations.
The property is offered as-is, with a seller-financing option available.
The property is in Houston’s 77004 area, with access to the Texas Medical Center, Midtown, Downtown, the Museum District, Hermann Park, and nearby light rail and freeways. The University of Houston, Texas Southern, and Rice University are also identified as nearby destinations.
The property is offered as-is, with a seller-financing option available.
Key Highlights
- Four‑bedroom, four‑bathroom duplex built in 1938
- Split layout supports two two‑bedroom, two‑bathroom living spaces or one residence
- Two living and dining areas, two kitchens with appliances, and two full‑sized laundry setups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,633
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,660
$452.7K
Cap Rate 7%
$323,329
$323.3K
Cap Rate 9%
$251,478
$251.5K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$34.2K $19.80/SF
− Vacancy
−$1.9K −$1.09/SF
EGI
$32.3K $18.71/SF
− OpEx
−$9.7K −$5.61/SF
NOI
$22.6K $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%
$452,660
Cap Rate 7%
$323,329
Cap Rate 9%
$251,478
Alternative Uses
Best Use
Multifamily LT 5
$323.3K
$282.9K – $377.2K
NOI $22,633 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$279.7K
$244.7K – $326.3K
NOI $19,577 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$444.3K
$388.8K – $518.4K
NOI $31,104 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,203
Businesses Nearby
Explore this area
Business Placement
Demographics for 77004, TX
37,005
Population
18,321
Households
2
Avg Household Size
31
Median Age
57%
College-Educated
96%
High-School Grad
5.2 sq mi
ZIP Area
7,116
Density / Sq Mi
$65,901
Median Household Income
$55,909
Median Earnings
$1,320
Median Rent
$384,100
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
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Frequently Asked Questions
What type of property is this?
Duplex - Furnished configuration can serve as two separate two-bedroom residences or one four-bedroom home.
Where is this duplex located?
The property is located at 2802 Holman Street Houston, TX.
What is the asking price?
The asking price for this property is $464,900.
What are key features of this property?
This property features: Four‑bedroom, four‑bathroom duplex built in 1938; Split layout supports two two‑bedroom, two‑bathroom living spaces or one residence; Two living and dining areas, two kitchens with appliances, and two full‑sized laundry setups
