New Construction Duplex
For Sale
$549,995
408 E 34th St, Houston, TX 77018
Brand-new duplex with modern finishes, offering flexible live-in or rental income options across two separate units.
Property Size2,366 SF
Days on Market145
Property Features for 408 E 34th St
General Information
Standard status
Active
Size
2,366 SF
Property subtype
Investment
Site & Location
Neighborhood
Central Northwest
Highway Access
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,375
Building Details
Building Size
2,366 SF
Year Built
2026
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
KW Commercial Houston
Listed By:
Michael Stavinoha · License #675302
(979) 320-4303
Source:
Elliman
Added: Jun 4
Changed: Oct 12
Last Checked: Oct 24 at 5:14PM
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 KW Commercial Houston
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Investment Insights
Based on property information with market context.
This brand-new duplex features a modern design and premium finishes across both units. Each side includes open-concept floor plans intended to maximize space and natural light, along with quartz countertops, luxury vinyl plank flooring, contemporary fixtures, and energy-efficient features throughout. The building is set up to support independent use of each unit, whether for a live-in arrangement or for generating rental income from both sides.
The property is located in Houston’s Independence Heights area, positioned minutes from Downtown Houston, The Heights, the Washington Avenue Corridor, and the Medical Center. Access is described as convenient to major highways, supporting a range of tenant or resident commutes within the broader Houston market. BikeScore is listed at 69 and WalkScore at 75, with transitScore at 50.
From an ownership standpoint, the layout and finishes support multiple occupancy strategies, including living in one unit while renting the other, or renting both units. Both 408 and 410 are individually for sale, which can provide added flexibility for buyers evaluating purchase options within the duplex configuration.
The property is located in Houston’s Independence Heights area, positioned minutes from Downtown Houston, The Heights, the Washington Avenue Corridor, and the Medical Center. Access is described as convenient to major highways, supporting a range of tenant or resident commutes within the broader Houston market. BikeScore is listed at 69 and WalkScore at 75, with transitScore at 50.
From an ownership standpoint, the layout and finishes support multiple occupancy strategies, including living in one unit while renting the other, or renting both units. Both 408 and 410 are individually for sale, which can provide added flexibility for buyers evaluating purchase options within the duplex configuration.
Key Highlights
- New construction duplex built in 2026 in Houston’s Independence Heights
- Each unit has modern finishes including quartz countertops and luxury vinyl plank flooring
- Both units feature contemporary fixtures and energy‑efficient features throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,989
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$619,780
$619.8K
Cap Rate 7%
$442,700
$442.7K
Cap Rate 9%
$344,322
$344.3K
Market Conditions
NOI Build-Up for 2,366 SF
Gross rent
$46.8K $19.80/SF
− Vacancy
−$2.6K −$1.09/SF
EGI
$44.3K $18.71/SF
− OpEx
−$13.3K −$5.61/SF
NOI
$31.0K $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%
$619,780
Cap Rate 7%
$442,700
Cap Rate 9%
$344,322
Alternative Uses
Best Use
Multifamily LT 5
$442.7K
$387.4K – $516.5K
NOI $30,989 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$382.9K
$335.1K – $446.8K
NOI $26,805 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$608.4K
$532.4K – $709.8K
NOI $42,588 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,266
Businesses Nearby
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Business Placement
Demographics for 77018, TX
27,870
Population
13,335
Households
2.1
Avg Household Size
38
Median Age
60%
College-Educated
92%
High-School Grad
6.8 sq mi
ZIP Area
4,099
Density / Sq Mi
$121,658
Median Household Income
$75,487
Median Earnings
$1,256
Median Rent
$543,800
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 - Brand-new duplex with modern finishes, offering flexible live-in or rental income options across two separate units.
Where is this duplex located?
The property is located at 408 E 34th St Houston, TX.
What is the asking price?
The asking price for this property is $549,995.
What are key features of this property?
This property features: New construction duplex built in 2026 in Houston’s Independence Heights; Each unit has modern finishes including quartz countertops and luxury vinyl plank flooring; Both units feature contemporary fixtures and energy‑efficient features throughout
