Brand New Duplex with Separate
For Sale
$525,000
3406 Lydia Street, Houston, TX 77021
New construction duplex with two 3-bedroom, 2-bath units, each with its own utilities and no HOA.
Property Size2,803 SF
Price / SF$187.30
Days on Market80
Property Features for 3406 Lydia Street
General Information
Standard status
Active
Size
2,803 SF
Property subtype
Multi-Family
Additional Details
Clear Height
15 ft
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,231
Amenities
Plank,Tile,Vinyl
Yes
2
3
Low-Emissivity Windows
Builder
Ceiling Fan(s),Programmable Thermostat
Insulated Doors
5000
Appraiser
2803
Building Details
Building Size
2,803 SF
Year Built
2026
Stories
1
Listing Agency:
Keller Williams Elite
(713) 461-6800
Listed By:
Kelly Griffin
(713) 208-4904
Source:
Garygreene
Added: Jul 22
Changed: Oct 7
Last Checked: Oct 7 at 9:03AM
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 Keller Williams Elite
Investment Insights
Based on property information with market context.
Brand new duplex construction, never lived in, designed as two complete units. Each side offers three bedrooms and two bathrooms. The layout includes 15-foot ceilings and finishes such as floor-to-ceiling European-style cabinetry, quartz countertops, wide plank LVP flooring, and designer tile bathrooms with oak accent walls. Both units also feature his-and-hers vanities, custom TV walls, and walk-in closets with custom shelving.
Each unit runs on its own utilities, supporting independent occupancy or rental. The property is listed as having no HOA and includes a builder warranty. Completion is estimated for July 31, 2026.
The remark also notes smart-home features including smart thermostats, energy-efficient windows, fiberglass insulation, and a roof with a 300-square-foot solar-ready zone. Location is described as approximately 5 minutes from the Texas Medical Center.
Each unit runs on its own utilities, supporting independent occupancy or rental. The property is listed as having no HOA and includes a builder warranty. Completion is estimated for July 31, 2026.
The remark also notes smart-home features including smart thermostats, energy-efficient windows, fiberglass insulation, and a roof with a 300-square-foot solar-ready zone. Location is described as approximately 5 minutes from the Texas Medical Center.
Key Highlights
- New construction duplex (Year Built 2026) with two 3 bed, 2 bath units—each unit has its own utilities.
- Each unit features designer tile bathrooms, his‑and‑hers vanities, oak accent walls, and walk‑in closets with custom shelving.
- 15‑ft ceilings and quartz countertops; wide plank LVP flooring throughout both units.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,713
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,260
$734.3K
Cap Rate 7%
$524,471
$524.5K
Cap Rate 9%
$407,922
$407.9K
Market Conditions
NOI Build-Up for 2,803 SF
Gross rent
$55.5K $19.80/SF
− Vacancy
−$3.1K −$1.09/SF
EGI
$52.4K $18.71/SF
− OpEx
−$15.7K −$5.61/SF
NOI
$36.7K $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%
$734,260
Cap Rate 7%
$524,471
Cap Rate 9%
$407,922
Alternative Uses
Best Use
Multifamily LT 5
$524.5K
$458.9K – $611.9K
NOI $36,713 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$453.7K
$397.0K – $529.3K
NOI $31,756 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$720.8K
$630.7K – $840.9K
NOI $50,454 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
15 ft
Clear height
2
Residential units
Location Intelligence
Trade Area within ½ mile
429
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - New construction duplex with two 3-bedroom, 2-bath units, each with its own utilities and no HOA.
Where is this duplex located?
The property is located at 3406 Lydia Street Houston, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: New construction duplex (Year Built 2026) with two 3 bed, 2 bath units—each unit has its own utilities.; Each unit features designer tile bathrooms, his‑and‑hers vanities, oak accent walls, and walk‑in closets with custom shelving.; 15‑ft ceilings and quartz countertops; wide plank LVP flooring throughout both units.
