Renovated
For Sale
$254,990
3502 Goodhope Street, Houston, TX 77021
Two residential units offer matching two-bedroom, one-bath layouts with laminate flooring throughout.
Property Size1,640 SF
Price / SF$155.48
Days on Market52
Property Features for 3502 Goodhope Street
General Information
Standard status
Active
Size
1,640 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Greater Ost / South Union
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,682
Amenities
Carpet,Plank,Vinyl
Yes
2
4
Appraiser
Other
5000
1640
Building Details
Building Size
1,640 SF
Year Built
1962
Stories
1
Listing Agency:
Pinnacle Realty Advisors
(713) 961-1722
Listed By:
JJ Molaison
(713) 859-8962
Source:
Garygreene
Added: Sep 4
Changed: Oct 25
Last Checked: Oct 24 at 2:06PM
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 Pinnacle Realty Advisors
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Investment Insights
Based on property information with market context.
This renovated duplex contains two residential units, each with 2 bedrooms, 1 bath, and 820 SF of interior space. Laminate flooring is installed in both units, and the property was built in 1962.
Located at 3502 Goodhope Street in Houston, TX 77021, the property combines a consistent unit layout with updated interior finishes. The matching floor plans provide a straightforward configuration for residential income use.
Located at 3502 Goodhope Street in Houston, TX 77021, the property combines a consistent unit layout with updated interior finishes. The matching floor plans provide a straightforward configuration for residential income use.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bath in each unit
- Each unit contains 820 SF
- Renovated property with laminate flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,480
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,600
$429.6K
Cap Rate 7%
$306,857
$306.9K
Cap Rate 9%
$238,667
$238.7K
Market Conditions
NOI Build-Up for 1,640 SF
Gross rent
$32.5K $19.80/SF
− Vacancy
−$1.8K −$1.09/SF
EGI
$30.7K $18.71/SF
− OpEx
−$9.2K −$5.61/SF
NOI
$21.5K $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%
$429,600
Cap Rate 7%
$306,857
Cap Rate 9%
$238,667
Alternative Uses
Best Use
Multifamily LT 5
$306.9K
$268.5K – $358.0K
NOI $21,480 @ 7.0% cap · market cap 8.42%
Second Best
Apartment 5plus
$265.4K
$232.3K – $309.7K
NOI $18,580 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$421.7K
$369.0K – $492.0K
NOI $29,520 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer matching two-bedroom, one-bath layouts with laminate flooring throughout.
Where is this duplex located?
The property is located at 3502 Goodhope Street Houston, TX.
What is the asking price?
The asking price for this property is $254,990.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bath in each unit; Each unit contains 820 SF; Renovated property with laminate flooring
