Newly Built Gated
New
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 Market4
Property Features for 3815 Lydia Street
General Information
Standard status
Active
Size
2,498 SF
Property subtype
Multi-Family
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:
BLUEPRINT REALTY TX
(713) 961-1722
Listed By:
Ben Suscavage
(713) 598-3605
Source:
Garygreene
Added: Sep 2
Changed: Sep 5
Last Checked: Sep 5 at 4:34AM
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 BLUEPRINT REALTY TX
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,718
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Current Use
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
Questions? Ask Rey
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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
