Two-Unit Duplex Income
For Sale
$435,000
3227 Real Street B, Houston, TX 77087
Full duplex with two rental units, each offering 2 bedrooms and a private 1-car garage.
Property Size2,330 SF
Price / SF$186.70
Days on Market28
Property Features for 3227 Real Street B
General Information
Standard status
Active
Size
2,330 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Clear Height
14 ft
Multifamily Units
2
Amenities
Plank,Vinyl
Yes
5
4
Appraiser
Granite Counters
Other
3583
2330
Building Details
Building Size
2,330 SF
Year Built
2020
Tenancy
Multi
Listing Agency:
Apartments Concierge Enterprises, LLC
(832) 428-5510
Listed By:
Leigh Guice
(832) 428-5510
Source:
Garygreene
Added: Jul 4
Changed: Jul 27
Last Checked: Jul 31 at 3:39AM
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 Apartments Concierge Enterprises, LLC
Investment Insights
Based on property information with market context.
3227A & B Real St is a full duplex configured as two separate units. Each unit features 2 bedrooms and 2.5 bathrooms, along with a private 1-car garage and a large backyard. The living area has 14-ft ceilings, and all appliances are included. Interior finishes include vinyl wood flooring throughout both homes, granite counters, and custom soft-close cabinetry. Each primary bedroom includes a walk-in closet and vaulted ceilings, with the bedrooms positioned on opposite sides of the second level for added privacy.
The property is on a quiet street directly across from Brookline Elementary and Brookline Park. Unit A is currently rented.
Located less than a 10-minute drive to the University of Houston and under 15 minutes to Downtown Houston, the duplex offers an income-oriented residential setup with established occupancy for Unit A.
The property is on a quiet street directly across from Brookline Elementary and Brookline Park. Unit A is currently rented.
Located less than a 10-minute drive to the University of Houston and under 15 minutes to Downtown Houston, the duplex offers an income-oriented residential setup with established occupancy for Unit A.
Key Highlights
- Full duplex built in 2020 with 2 rental units, each with 2 bedrooms and 2.5 bathrooms
- Each unit includes a private 1‑car garage and a huge backyard
- Total living area of 2,330 sq ft (appraiser) with plank and vinyl flooring throughout (no carpet)
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 | $46.1k | $19.80 |
| − Vacancy | −$2.5k | −$1.09 |
| EGI | $43.6k | $18.71 |
| − OpEx | −$13.1k | −$5.61 |
| NOI | $30.5k | $13.10 |
2,330 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$436.0K
$381.5K – $508.6K
NOI $30,518 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$377.1K
$330.0K – $440.0K
NOI $26,397 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$599.1K
$524.3K – $699.0K
NOI $41,940 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
14 ft
Clear height
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
789
Businesses Nearby
Explore this area
Business Placement
Demographics for 77087, TX
34,654
Population
12,400
Households
2.8
Avg Household Size
35
Median Age
12%
College-Educated
63%
High-School Grad
6.6 sq mi
ZIP Area
5,251
Density / Sq Mi
$53,624
Median Household Income
$32,927
Median Earnings
$1,015
Median Rent
$148,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Full duplex with two rental units, each offering 2 bedrooms and a private 1-car garage.
Where is this duplex located?
The property is located at 3227 Real Street B Houston, TX.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Full duplex built in 2020 with 2 rental units, each with 2 bedrooms and 2.5 bathrooms; Each unit includes a private 1‑car garage and a huge backyard; Total living area of 2,330 sq ft (appraiser) with plank and vinyl flooring throughout (no carpet)
