Two-Unit
New
For Sale
$610,000
3402 Nathaniel Brown St A/B, Houston, TX 77021
Houston property with access to Downtown, the Texas Medical Center, and area universities.
Property Size3,714 SF
Lot Size0.11 Acres
Price / SF$164.42
Days on Market4
Property Features for 3402 Nathaniel Brown St A/B
General Information
Standard status
Active
Size
3,714 SF
Lot size
0.11 Acres
Property subtype
Investment
Lease Term
12 months
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,778
Building Details
Building Size
3,714 SF
Year Built
2024
Stories
2
Units
2
Listing Agency:
Collective Realty Co.
Listed By:
Veronica Merritt
(619) 386-6961
Source:
Elliman
Added: Oct 4
Last Checked: Oct 5 at 5:00PM
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 Collective Realty Co.
Investment Insights
Based on property information with market context.
Built in 2024, this duplex contains 3,710 square feet of living space on a 5,000-square-foot lot. The property is configured as two residential units.
The Houston address provides access to Downtown Houston, the Texas Medical Center, the University of Houston, and Texas Southern University, along with major highways, shopping, dining, and entertainment. Its reported scores are 76 for biking, 35 for walking, and 53 for transit.
The Houston address provides access to Downtown Houston, the Texas Medical Center, the University of Houston, and Texas Southern University, along with major highways, shopping, dining, and entertainment. Its reported scores are 76 for biking, 35 for walking, and 53 for transit.
Key Highlights
- Two‑unit duplex built in 2024
- 3,710 square feet of living space
- 5,000‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,592
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$971,840
$971.8K
Cap Rate 7%
$694,171
$694.2K
Cap Rate 9%
$539,911
$539.9K
Market Conditions
NOI Build-Up for 3,710 SF
Gross rent
$73.5K $19.80/SF
− Vacancy
−$4.0K −$1.09/SF
EGI
$69.4K $18.71/SF
− OpEx
−$20.8K −$5.61/SF
NOI
$48.6K $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%
$971,840
Cap Rate 7%
$694,171
Cap Rate 9%
$539,911
Alternative Uses
Best Use
Multifamily LT 5
$694.2K
$607.4K – $809.9K
NOI $48,592 @ 7.0% cap · market cap 7.97%
Second Best
Apartment 5plus
$600.4K
$525.4K – $700.5K
NOI $42,031 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$954.0K
$834.8K – $1.11M
NOI $66,780 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
420
Businesses Nearby
Explore this area
Business Placement
Demographics for 77021, TX
28,055
Population
12,819
Households
2.2
Avg Household Size
36
Median Age
34%
College-Educated
87%
High-School Grad
6.1 sq mi
ZIP Area
4,599
Density / Sq Mi
$45,034
Median Household Income
$38,041
Median Earnings
$1,193
Median Rent
$203,900
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 - Houston property with access to Downtown, the Texas Medical Center, and area universities.
Where is this duplex located?
The property is located at 3402 Nathaniel Brown St A/B Houston, TX.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2024; 3,710 square feet of living space; 5,000‑square‑foot lot
