Modern Duplex Collection
For Sale
$725,000
421 E 41st Street, Houston, TX 77022
For sale duplex collection featuring private two-car garages, high ceilings, and efficient Trane AC in a contemporary design.
Property Size3,550 SF
Days on Market34
Property Features for 421 E 41st Street
General Information
Standard status
Active
Size
3,550 SF
Property subtype
Multi Family,Duplex
Additional Details
Clear Height
10 ft
Taxes and HOA fees
Annual Taxes
$2,870
Building Details
Building Size
3,550 SF
Year Built
2026
Listing Agency:
Central Metro Realty
(916) 221-1676
Listed By:
Jolena Lumpkin
(916) 221-1676
Source:
Nancyalmodovar
Added: Jul 22
Changed: Aug 23
Last Checked: Aug 24 at 3:10PM
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 Central Metro Realty
Investment Insights
Based on property information with market context.
This for-sale duplex collection presents bold, modern architecture with a refined exterior palette and exterior lighting details designed to highlight the homes’ perimeter. Each residence includes a private two-car garage with a wide driveway, along with an elevated design approach throughout.
Interiors are planned for an open feel, with 10-ft ceilings and 8-ft grey satin painted accent doors. The kitchen includes features such as a pot filler and sleek cabinetry, complemented by a counter-to-ceiling backsplash tile and under-cabinet lighting. Additional interior lighting includes stair-step lighting, and a custom accent wall supports the living area design. The primary suite offers a private balcony, and each home includes a spacious backyard suited for everyday use and entertaining.
Comfort is supported by high-efficiency Trane AC. The property is located at 421 E 41st St in Houston, TX 77022, on a rapidly developing street.
Interiors are planned for an open feel, with 10-ft ceilings and 8-ft grey satin painted accent doors. The kitchen includes features such as a pot filler and sleek cabinetry, complemented by a counter-to-ceiling backsplash tile and under-cabinet lighting. Additional interior lighting includes stair-step lighting, and a custom accent wall supports the living area design. The primary suite offers a private balcony, and each home includes a spacious backyard suited for everyday use and entertaining.
Comfort is supported by high-efficiency Trane AC. The property is located at 421 E 41st St in Houston, TX 77022, on a rapidly developing street.
Key Highlights
- New construction (Year Built: 2026) duplex collection with contemporary exterior and modern lighting/soffit lighting around the perimeter
- Each home includes a private two‑car garage and wide driveway
- 10‑ft ceilings with 8‑ft grey satin painted accent doors for an open, airy interior feel
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
$46,497
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
6.41%
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%
$929,940
$929.9K
Cap Rate 7%
$664,243
$664.2K
Cap Rate 9%
$516,633
$516.6K
Market Conditions
NOI Build-Up for 3,550 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
$70.3K $19.80/SF
− Vacancy
−$3.9K −$1.09/SF
EGI
$66.4K $18.71/SF
− OpEx
−$19.9K −$5.61/SF
NOI
$46.5K $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%
$929,940
Cap Rate 7%
$664,243
Cap Rate 9%
$516,633
Alternative Uses
Best Use
Multifamily LT 5
$664.2K
$581.2K – $775.0K
NOI $46,497 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$574.6K
$502.7K – $670.3K
NOI $40,219 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$912.9K
$798.8K – $1.07M
NOI $63,900 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10 ft
Clear height
Location Intelligence
Trade Area within ½ mile
1,981
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - For sale duplex collection featuring private two-car garages, high ceilings, and efficient Trane AC in a contemporary design.
Where is this duplex located?
The property is located at 421 E 41st Street Houston, TX.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: New construction (Year Built: 2026) duplex collection with contemporary exterior and modern lighting/soffit lighting around the perimeter; Each home includes a private two‑car garage and wide driveway; 10‑ft ceilings with 8‑ft grey satin painted accent doors for an open, airy interior feel
