Stacked Duplex with Modern
New
For Sale
$385,000
409 Calloway St A-B, Houston, TX 77029
Each residence has three bedrooms, two bathrooms, and contemporary interior finishes.
Property Size2,000 SF
Days on Market5
Property Features for 409 Calloway St A-B
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Investment
Lease Term
12 months
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$8,919
Amenities
open-concept layout
wood-look flooring
quartz countertops
stainless appliances
shaker-style cabinetry
primary suite with en-suite bath and walk-in closet
manual driveway gate
off-street surface parking
Building Details
Building Size
2,000 SF
Year Built
2025
Buildings
1
Stories
2
Units
1
Listing Agency:
Nuresi CORP
Listed By:
Chris Grizzaffi
(713) 742-3005
Source:
Elliman
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 5 at 7:54PM
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 Nuresi CORP
Investment Insights
Based on property information with market context.
Completed in 2025, this duplex contains two stacked residences of approximately 1,000 square feet apiece. Both homes have three bedrooms and two bathrooms, with open living areas, wood-look flooring, quartz counters, stainless steel appliances, and shaker cabinetry. Each primary bedroom connects to a private bathroom and walk-in closet. One residence is leased; a manual gate provides access to off-street surface parking.
The property is in Houston, with access to major thoroughfares, Downtown Houston, the East End, parks, recreation, and community amenities.
The property is in Houston, with access to major thoroughfares, Downtown Houston, the East End, parks, recreation, and community amenities.
Key Highlights
- Two stacked residences, each approximately 1,000 SF
- Each unit includes 3 bedrooms and 2 baths
- Built in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,195
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,900
$523.9K
Cap Rate 7%
$374,214
$374.2K
Cap Rate 9%
$291,056
$291.1K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$39.6K $19.80/SF
− Vacancy
−$2.2K −$1.09/SF
EGI
$37.4K $18.71/SF
− OpEx
−$11.2K −$5.61/SF
NOI
$26.2K $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%
$523,900
Cap Rate 7%
$374,214
Cap Rate 9%
$291,056
Alternative Uses
Best Use
Multifamily LT 5
$374.2K
$327.4K – $436.6K
NOI $26,195 @ 7.0% cap · market cap 6.80%
Second Best
Apartment 5plus
$323.7K
$283.2K – $377.6K
NOI $22,658 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$514.3K
$450.0K – $600.0K
NOI $36,000 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Explore this area
Business Placement
Demographics for 77029, TX
17,044
Population
6,386
Households
2.7
Avg Household Size
36
Median Age
9%
College-Educated
62%
High-School Grad
10.6 sq mi
ZIP Area
1,608
Density / Sq Mi
$49,601
Median Household Income
$32,614
Median Earnings
$1,129
Median Rent
$115,400
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 - Each residence has three bedrooms, two bathrooms, and contemporary interior finishes.
Where is this duplex located?
The property is located at 409 Calloway St A-B 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: Two stacked residences, each approximately 1,000 SF; Each unit includes 3 bedrooms and 2 baths; Built in 2025
