Duplex with Private Guest
For Sale
$450,000
2804 Arlington Street, Houston, TX 77008
A maintained duplex with two leased homes, including a remodeled main residence and a separate guest house with private yard.
Days on Market18
Property Features for 2804 Arlington Street
General Information
Standard status
Active
Property subtype
Multi Family,Duplex
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Building Size
1,379 SF
Year Built
1965
Tenancy
Multi
Listing Agency:
Compass RE Texas, LLC - Houston
(281) 905-2760
Listed By:
Kyla Phung Linn · License #0728223
(281) 905-2760
Source:
Nanproperties
Added: Jul 15
Changed: Jul 30
Last Checked: Jul 31 at 11:07AM
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 Compass RE Texas, LLC - Houston
Investment Insights
Based on property information with market context.
This duplex offers two separate, leased dwellings on one property: a two-bedroom, one-bath main residence and a fully equipped one-bedroom, one-bath guest house. The main home includes fresh updates such as new flooring, a renovated kitchen with quartz countertops and stainless-steel appliances, plus ample storage and a remodeled bathroom. There is an inviting living area and in-home laundry.
The guest house is set up like a true home with its own full kitchen, comfortable living room, independent laundry, and dedicated parking. A gated entrance and private yard support day-to-day privacy and ease of use.
Both homes are currently leased, providing immediate income potential for investors. The property was built in 1965 and is positioned near Heights shops, restaurants, and parks, with proximity to the Houston Farmers Market and Whole Foods, and access to 610 and I-45.
The guest house is set up like a true home with its own full kitchen, comfortable living room, independent laundry, and dedicated parking. A gated entrance and private yard support day-to-day privacy and ease of use.
Both homes are currently leased, providing immediate income potential for investors. The property was built in 1965 and is positioned near Heights shops, restaurants, and parks, with proximity to the Houston Farmers Market and Whole Foods, and access to 610 and I-45.
Key Highlights
- Two leased homes: two‑bedroom, one‑bath main residence plus one‑bedroom, one‑bath guest house
- Renovated kitchen with quartz countertops and stainless‑steel appliances
- Remodeled bathroom and new flooring in the main residence
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.3k | $19.80 |
| − Vacancy | −$1.5k | −$1.09 |
| EGI | $25.8k | $18.71 |
| − OpEx | −$7.7k | −$5.61 |
| NOI | $18.1k | $13.10 |
1,379 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$258.0K
$225.8K – $301.0K
NOI $18,062 @ 7.0% cap · market cap 4.01%
Second Best
Apartment 5plus
$223.2K
$195.3K – $260.4K
NOI $15,623 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$354.6K
$310.3K – $413.7K
NOI $24,822 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,563
Businesses Nearby
Explore this area
Business Placement
Demographics for 77008, TX
36,631
Population
20,709
Households
1.8
Avg Household Size
36
Median Age
72%
College-Educated
96%
High-School Grad
6.5 sq mi
ZIP Area
5,636
Density / Sq Mi
$142,414
Median Household Income
$84,642
Median Earnings
$1,567
Median Rent
$609,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - A maintained duplex with two leased homes, including a remodeled main residence and a separate guest house with private yard.
Where is this duplex located?
The property is located at 2804 Arlington Street Houston, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two leased homes: two‑bedroom, one‑bath main residence plus one‑bedroom, one‑bath guest house; Renovated kitchen with quartz countertops and stainless‑steel appliances; Remodeled bathroom and new flooring in the main residence
