Modern Duplex For
For Sale
$385,000
3907 Falls Street, Houston, TX 77026
New, move-in ready duplex with private covered porches, spacious decks, and on-site parking for each unit.
Property Size2,520 SF
Price / SF$152.78
Days on Market97
Property Features for 3907 Falls Street
General Information
Standard status
Active
Size
2,520 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
Plank,Vinyl
Yes
2
3
Appraiser
Ceiling Fan(s)
5000
2520
Building Details
Building Size
2,520 SF
Year Built
2024
Stories
1
Listing Agency:
Navasota Realty
(713) 461-6800
Listed By:
Julie Morton
(832) 401-2908
Source:
Garygreene
Added: Jul 11
Changed: Oct 13
Last Checked: Oct 14 at 9:26PM
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 Navasota Realty
Investment Insights
Based on property information with market context.
This newly built modern duplex offers a move-in ready setup with private covered porches and spacious decks for each unit. Both sides feature gated exterior space and on-site parking. Inside, you’ll find quartz countertops, stainless steel appliances, soft-close cabinetry, recessed lighting, and a designer kitchen backsplash. Bathrooms include dual vanities with tile wainscoting, along with energy-efficient ceiling fans throughout.
The property is located at 3907 Falls St in Houston. Transportation and walkability metrics indicate the area is somewhat bikeable and somewhat transit-accessible, with a car-dependent rating.
The duplex’s contemporary finishes and practical outdoor layout make it well suited for tenants or owner-occupants seeking a fresh, modern residential income property with convenient parking and outdoor living space.
The property is located at 3907 Falls St in Houston. Transportation and walkability metrics indicate the area is somewhat bikeable and somewhat transit-accessible, with a car-dependent rating.
The duplex’s contemporary finishes and practical outdoor layout make it well suited for tenants or owner-occupants seeking a fresh, modern residential income property with convenient parking and outdoor living space.
Key Highlights
- Brand‑new 2024 modern duplex—move‑in ready
- Each unit has a private covered porch and a spacious deck
- Gated exterior with on‑site parking for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,006
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,120
$660.1K
Cap Rate 7%
$471,514
$471.5K
Cap Rate 9%
$366,733
$366.7K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$49.9K $19.80/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$47.2K $18.71/SF
− OpEx
−$14.1K −$5.61/SF
NOI
$33.0K $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%
$660,120
Cap Rate 7%
$471,514
Cap Rate 9%
$366,733
Alternative Uses
Best Use
Multifamily LT 5
$471.5K
$412.6K – $550.1K
NOI $33,006 @ 7.0% cap · market cap 8.57%
Second Best
Apartment 5plus
$407.8K
$356.9K – $475.8K
NOI $28,549 @ 7.0% cap · market cap 7.42%
Theoretical Best
Office A
$648.0K
$567.0K – $756.0K
NOI $45,360 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Explore this area
Business Placement
Demographics for 77026, TX
23,405
Population
9,580
Households
2.4
Avg Household Size
36
Median Age
9%
College-Educated
70%
High-School Grad
6.6 sq mi
ZIP Area
3,546
Density / Sq Mi
$34,835
Median Household Income
$29,339
Median Earnings
$962
Median Rent
$104,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 - New, move-in ready duplex with private covered porches, spacious decks, and on-site parking for each unit.
Where is this duplex located?
The property is located at 3907 Falls Street Houston, TX.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Brand‑new 2024 modern duplex—move‑in ready; Each unit has a private covered porch and a spacious deck; Gated exterior with on‑site parking for each unit
