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Duplex with Contemporary Finishes

415 Neyland Street, Houston, TX 77022

For Sale
$649,999
Pending

An open kitchen, private outdoor space, and EV charging connections add practical features to this 2026-built duplex.

Property Size3,440 SF
Days on Market65

Property Features for 415 Neyland Street

General Information

Standard status Pending
Size 3,440 SF
Property subtype Multi Family,Duplex

Site & Location

Neighborhood Independence Heights

Taxes and HOA fees

Annual Taxes $2,869

Amenities

EV plugs
Taex pest control system

Building Details

Building Size 3,440 SF
Year Built 2026
Listing Agency: Brooks & Davis Real Estate
Listed By: Kourtney Gobert
Source: Kaystimsonproperties
Added: Sep 7 Changed: Nov 9 Last Checked: Nov 10 at 12:10PM

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 Brooks & Davis Real Estate

Rey
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Investment Insights

Based on property information with market context.

This 3,440-square-foot duplex, built in 2026, features an open kitchen with quartz countertops. Vinyl plank flooring covers the main living areas, while the bedrooms have carpet. The interiors also include updated fixtures and finishes, with gold accents, and a primary suite. Security and surround-sound systems can be installed using existing prewiring.

The property has a separated backyard and EV plugs. A Taex pest control system and a StrucSure 1-2-10 builder warranty are included. Located at 415 Neyland Street in Houston, the property offers a combination of interior finish details and outdoor space.

Key Highlights

  • 3,440 square feet; built in 2026
  • Open kitchen with quartz countertops
  • Vinyl plank flooring in main living areas and carpeted bedrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$45,056
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$901,120 $901.1K
Cap Rate 7%
$643,657 $643.7K
Cap Rate 9%
$500,622 $500.6K
Market Conditions
NOI Build-Up for 3,440 SF
Gross rent
$68.1K $19.80/SF
− Vacancy
−$3.7K −$1.09/SF
EGI
$64.4K $18.71/SF
− OpEx
−$19.3K −$5.61/SF
NOI
$45.1K $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%
$901,120
Cap Rate 7%
$643,657
Cap Rate 9%
$500,622

Alternative Uses

Best Use
Multifamily LT 5
$643.7K
$563.2K – $750.9K (±1% cap)
NOI $45,056 @ 7.0% cap · market cap 6.93%
Second Best
Apartment 5plus
$556.7K
$487.2K – $649.5K (±1% cap)
NOI $38,972 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$884.6K
$774.0K – $1.03M (±1% cap)
NOI $61,920 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Location Intelligence

Trade Area within ½ mile

838
Businesses Nearby

Demographics for 77022, TX

28,748
Population
10,717
Households
2.7
Avg Household Size
35
Median Age
13%
College-Educated
63%
High-School Grad
5.8 sq mi
ZIP Area
4,957
Density / Sq Mi
$48,386
Median Household Income
$28,877
Median Earnings
$1,047
Median Rent
$197,200
Median Home Value

Market

Average Price Trend$/SF for Duplexes in Houston, TX

$199 Jul
$190 Aug
$184 Sep
$186 Oct

Properties on Market for Duplexes in Houston

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - An open kitchen, private outdoor space, and EV charging connections add practical features to this 2026-built duplex.
Where is this duplex located?
The property is located at 415 Neyland Street Houston, TX.
What is the asking price?
The asking price for this property is $649,999.
What are key features of this property?
This property features: 3,440 square feet; built in 2026; Open kitchen with quartz countertops; Vinyl plank flooring in main living areas and carpeted bedrooms
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