Updated Two-Unit
For Sale
$480,000
3614 Dawson Lane A, Houston, TX 77051
Both residences feature refreshed finishes and are leased through August 2027.
Property Size2,848 SF
Price / SF$168.54
Days on Market60
Property Features for 3614 Dawson Lane A
General Information
Standard status
Active
Size
2,848 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Additional Details
Gross Income
$42,000
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$8,325
Amenities
Carpet
Yes
4
6
Window Coverings
Washer Hookup,Dryer Hookup
Appraiser
Laminate Counters,Window Treatments,Ceiling Fan(s)
Partial
Other,Near Public Transit
7000
Two
Garage
2848
Building Details
Building Size
2,848 SF
Year Built
2007
Stories
2
Listing Agency:
TMRE Texas Properties
(713) 961-1722
Listed By:
Christopher Williams · License #3191684
(713) 855-4419
Source:
Garygreene
Added: Aug 11
Changed: Oct 7
Last Checked: Oct 7 at 9:10AM
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 TMRE Texas Properties
Investment Insights
Based on property information with market context.
This two-unit duplex, built in 2007, offers a matching configuration with three bedrooms and two and a half bathrooms in each residence. Recent improvements include renovated bathrooms, new carpet, updated light fixtures, and replacement kitchen appliances. The property is being offered as one complete duplex rather than as separate units.
Located on Dawson Ln in Houston, the property provides access to SH 288, Downtown Houston, the Texas Medical Center, and Pearland. WalkScore is 52, BikeScore is 47, and TransitScore is 46, reflecting some walkability, bike access, and transit availability. Both units are leased through August 2027.
Located on Dawson Ln in Houston, the property provides access to SH 288, Downtown Houston, the Texas Medical Center, and Pearland. WalkScore is 52, BikeScore is 47, and TransitScore is 46, reflecting some walkability, bike access, and transit availability. Both units are leased through August 2027.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 2.5 bathrooms per unit
- Both units leased through August 2027
- Renovated bathrooms, new carpet, updated light fixtures, and new kitchen appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,302
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$746,040
$746.0K
Cap Rate 7%
$532,886
$532.9K
Cap Rate 9%
$414,467
$414.5K
Market Conditions
NOI Build-Up for 2,848 SF
Gross rent
$56.4K $19.80/SF
− Vacancy
−$3.1K −$1.09/SF
EGI
$53.3K $18.71/SF
− OpEx
−$16.0K −$5.61/SF
NOI
$37.3K $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%
$746,040
Cap Rate 7%
$532,886
Cap Rate 9%
$414,467
Alternative Uses
Best Use
Multifamily LT 5
$532.9K
$466.3K – $621.7K
NOI $37,302 @ 7.0% cap · market cap 7.77%
Second Best
Apartment 5plus
$460.9K
$403.3K – $537.8K
NOI $32,265 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$732.3K
$640.8K – $854.4K
NOI $51,264 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Explore this area
Business Placement
Demographics for 77051, TX
18,323
Population
7,453
Households
2.5
Avg Household Size
34
Median Age
15%
College-Educated
78%
High-School Grad
7.4 sq mi
ZIP Area
2,476
Density / Sq Mi
$40,030
Median Household Income
$31,914
Median Earnings
$1,332
Median Rent
$171,900
Median Home Value
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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 - Both residences feature refreshed finishes and are leased through August 2027.
Where is this duplex located?
The property is located at 3614 Dawson Lane A Houston, TX.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 2.5 bathrooms per unit; Both units leased through August 2027; Renovated bathrooms, new carpet, updated light fixtures, and new kitchen appliances
