New-Construction
318 Tennessee Street Unit AB, Houston, TX 77029
For Sale
$350,000
Two separate residences feature quartz kitchen counters, soft-close cabinetry, and full-height tile around the tub surrounds.
Property Size2,368 SF
Days on Market14
Property Features for 318 Tennessee Street Unit AB
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
MODR Brokerage, LLC
Listed By:
Folorunso Akindoju
(346) 280-5162
Source:
Greenwoodking
Added: Oct 28
Changed: Nov 8
Last Checked: Nov 10 at 2:29PM
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 MODR Brokerage, LLC
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.
Built in 2024, this duplex contains two residences with 10-foot ceilings, quartz countertops, and soft-close kitchen cabinets. Each unit also has a tub surround finished in tile up to the ceiling.
The property is at 318 Tennessee Street in Houston, with access to downtown Houston and major highways.
The property is at 318 Tennessee Street in Houston, with access to downtown Houston and major highways.
Key Highlights
- 2024 construction
- Two residences, Units A and B
- 10‑foot ceilings in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,015
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,300
$620.3K
Cap Rate 7%
$443,071
$443.1K
Cap Rate 9%
$344,611
$344.6K
Market Conditions
NOI Build-Up for 2,368 SF
Gross rent
$46.9K $19.80/SF
− Vacancy
−$2.6K −$1.09/SF
EGI
$44.3K $18.71/SF
− OpEx
−$13.3K −$5.61/SF
NOI
$31.0K $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%
$620,300
Cap Rate 7%
$443,071
Cap Rate 9%
$344,611
Alternative Uses
Best Use
Multifamily LT 5
$443.1K
$387.7K – $516.9K
NOI $31,015 @ 7.0% cap · market cap 8.86%
Second Best
Apartment 5plus
$383.2K
$335.3K – $447.1K
NOI $26,827 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$608.9K
$532.8K – $710.4K
NOI $42,624 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
Explore this area
Business Placement
Demographics for 77029, TX
17,044
Population
6,386
Households
2.7
Avg Household Size
36
Median Age
9%
College-Educated
62%
High-School Grad
10.6 sq mi
ZIP Area
1,608
Density / Sq Mi
$49,601
Median Household Income
$32,614
Median Earnings
$1,129
Median Rent
$115,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Houston, TX
Properties on Market for Duplexes in Houston
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences feature quartz kitchen counters, soft-close cabinetry, and full-height tile around the tub surrounds.
Where is this duplex located?
The property is located at 318 Tennessee Street Unit AB Houston, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2024 construction; Two residences, Units A and B; 10‑foot ceilings in each residence
