Newly Built Gated
For Sale
$484,000
3815 Lydia Street, Houston, TX 77021
Two three-bedroom units provide single-story layouts with contemporary finishes and no HOA.
Property Size2,498 SF
Price / SF$193.76
Days on Market54
Property Features for 3815 Lydia Street
General Information
Standard status
Active
Size
2,498 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Greater Ost / South Union
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,550
Amenities
gated
Laminate,Tile,Hardwood
Yes
Owner
Ceiling Fan(s)
Other,Subdivision
5000
Two
Appraiser
Electric Gate,Paved
2498
Building Details
Building Size
2,498 SF
Year Built
2026
Buildings
1
Stories
1
Listing Agency:
RE/MAX Prime Properties
(713) 961-1722
Listed By:
Ben Suscavage
(713) 598-3605
Source:
Garygreene
Added: Sep 2
Changed: Oct 25
Last Checked: Oct 24 at 3:10PM
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 RE/MAX Prime Properties
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.
Completed in 2026, this duplex contains 2,498 SF across two single-story residences. Each unit offers three bedrooms, two full bathrooms, an open layout, and a mix of laminate, tile, and hardwood flooring. Contemporary finishes and electric-gated access are part of the property’s design, while paved exterior areas support day-to-day use.
The property is located at 3815 Lydia Street in Houston, Texas 77021. Both residences are offered without an HOA or stated restrictions, providing a straightforward ownership structure for the duplex configuration.
The property is located at 3815 Lydia Street in Houston, Texas 77021. Both residences are offered without an HOA or stated restrictions, providing a straightforward ownership structure for the duplex configuration.
Key Highlights
- 2,498 SF duplex completed in 2026
- Two single‑story units, each with 3 bedrooms and 2 full baths
- Open layouts with laminate, tile, and hardwood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,718
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$654,360
$654.4K
Cap Rate 7%
$467,400
$467.4K
Cap Rate 9%
$363,533
$363.5K
Market Conditions
NOI Build-Up for 2,498 SF
Gross rent
$49.5K $19.80/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$46.7K $18.71/SF
− OpEx
−$14.0K −$5.61/SF
NOI
$32.7K $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%
$654,360
Cap Rate 7%
$467,400
Cap Rate 9%
$363,533
Alternative Uses
Best Use
Multifamily LT 5
$467.4K
$409.0K – $545.3K
NOI $32,718 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$404.3K
$353.8K – $471.7K
NOI $28,300 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$642.3K
$562.1K – $749.4K
NOI $44,964 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
372
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
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units provide single-story layouts with contemporary finishes and no HOA.
Where is this duplex located?
The property is located at 3815 Lydia Street Houston, TX.
What is the asking price?
The asking price for this property is $484,000.
What are key features of this property?
This property features: 2,498 SF duplex completed in 2026; Two single‑story units, each with 3 bedrooms and 2 full baths; Open layouts with laminate, tile, and hardwood flooring
