Income Producing Duplex Near
For Sale
$179,000
2901 Burkett Street, Houston, TX 77004
Duplex near Texas Southern University and University of Houston.
Property Size672 SF
Price / SF$266.37
Days on Market216
Property Features for 2901 Burkett Street
General Information
Standard status
Active
Size
672 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Greater Third Ward
Taxes and HOA fees
Annual Taxes
$2,089
Amenities
Yes
1
Appraiser
Corner Lot
1650
672
Building Details
Building Size
672 SF
Year Built
1938
Stories
1
Listing Agency:
Caldwell Companies
(281) 444-5140
Listed By:
Dana Hines · License #0679323
(713) 851-8059
Source:
Garygreene
Added: Mar 25
Changed: Oct 25
Last Checked: Oct 24 at 2:54PM
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 Caldwell Companies
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is an income-producing duplex located in the University area. The property offers quick access to both Texas Southern University and the University of Houston.
Key Highlights
- Income‑producing duplex.
- Quick access to Texas Southern University.
- Quick access to University of Houston.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,802
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$176,040
$176.0K
Cap Rate 7%
$125,743
$125.7K
Cap Rate 9%
$97,800
$97.8K
Market Conditions
NOI Build-Up for 672 SF
Gross rent
$13.3K $19.80/SF
− Vacancy
−$732 −$1.09/SF
EGI
$12.6K $18.71/SF
− OpEx
−$3.8K −$5.61/SF
NOI
$8.8K $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%
$176,040
Cap Rate 7%
$125,743
Cap Rate 9%
$97,800
Alternative Uses
Best Use
Multifamily LT 5
$125.7K
$110.0K – $146.7K
NOI $8,802 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$108.8K
$95.2K – $126.9K
NOI $7,613 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$172.8K
$151.2K – $201.6K
NOI $12,096 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Location Intelligence
Trade Area within ½ mile
878
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex near Texas Southern University and University of Houston.
Where is this duplex located?
The property is located at 2901 Burkett Street Houston, TX.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: Income‑producing duplex.; Quick access to Texas Southern University.; Quick access to University of Houston.
