Renovated Two-Unit
3434 Rosedale Street, Houston, TX 77004
For Sale
$599,000
Each residence has a private entrance, separate water and electric meters, and a two-bedroom, two-bathroom layout.
Property Size2,821 SF
Days on Market13
Property Features for 3434 Rosedale Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Year Renovated
Buildings
Stories
Listing Agency:
Compass RE Texas, LLC - Houston
Listed By:
Karen Harberg · License TX #0409497
(281) 546-9444
Source:
Livingvoguerealestate
Added: Oct 29
Changed: Nov 9
Last Checked: Nov 10 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 Compass RE Texas, LLC - Houston
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 1945, this two-story duplex received renovations during 2021–2022, including work on the plumbing, electrical systems, HVAC, roof, foundation, and interior finishes. Each unit contains two bedrooms and two full bathrooms, with its own driveway and entrance. The upper residence has a balcony, while the lower residence opens onto a porch. The upstairs unit is occupied under a month-to-month arrangement.
The property is in Houston’s Third Ward, near the Texas Medical Center, the University of Houston, and Texas Southern University. Separate water and electricity meters serve the units.
The property is in Houston’s Third Ward, near the Texas Medical Center, the University of Houston, and Texas Southern University. Separate water and electricity meters serve the units.
Key Highlights
- Two‑story duplex built in 1945
- Renovations completed in 2021–2022 included plumbing, electrical, HVAC, roof, foundation, and interior work
- Two units, each with 2 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,949
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$738,980
$739.0K
Cap Rate 7%
$527,843
$527.8K
Cap Rate 9%
$410,544
$410.5K
Market Conditions
NOI Build-Up for 2,821 SF
Gross rent
$55.9K $19.80/SF
− Vacancy
−$3.1K −$1.09/SF
EGI
$52.8K $18.71/SF
− OpEx
−$15.8K −$5.61/SF
NOI
$36.9K $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%
$738,980
Cap Rate 7%
$527,843
Cap Rate 9%
$410,544
Alternative Uses
Best Use
Multifamily LT 5
$527.8K
$461.9K – $615.8K
NOI $36,949 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$456.6K
$399.5K – $532.7K
NOI $31,960 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$725.4K
$634.7K – $846.3K
NOI $50,778 @ 7.0% cap · market cap 8.48%
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
Utilities to site
Location Intelligence
Trade Area within ½ mile
829
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
$384,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - Each residence has a private entrance, separate water and electric meters, and a two-bedroom, two-bathroom layout.
Where is this duplex located?
The property is located at 3434 Rosedale Street Houston, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two‑story duplex built in 1945; Renovations completed in 2021–2022 included plumbing, electrical, HVAC, roof, foundation, and interior work; Two units, each with 2 bedrooms and 2 full bathrooms
