Modern Two-Unit
422 Calloway Street #A/B, Houston, TX 77029
For Sale
$389,900
Both residences feature three bedrooms, two bathrooms, and contemporary interior finishes.
Property Size2,250 SF
Price / SF$173.29
Days on Market41
Property Features for 422 Calloway Street #A/B
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Premier Haus Realty, LLC
(713) 364-9169
Listed By:
Olevia Johnson
(832) 492-6883
Source:
Brighthouse-realty
Added: Oct 1
Changed: Nov 9
Last Checked: Nov 10 at 4:59AM
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 Premier Haus Realty, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2026, this duplex contains two residences with a combined 2,250 square feet. Each unit has three bedrooms and two bathrooms, along with flat-panel European cabinetry, quartz counters, electric fireplaces, and integrated lighting. The upper residence also features cathedral ceilings.
The property is on Calloway Street in Houston, a few minutes from Downtown Houston, East River, major freeways, and surrounding development.
The property is on Calloway Street in Houston, a few minutes from Downtown Houston, East River, major freeways, and surrounding development.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- 2,250 total square feet
- Built in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,470
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,400
$589.4K
Cap Rate 7%
$421,000
$421.0K
Cap Rate 9%
$327,444
$327.4K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$44.6K $19.80/SF
− Vacancy
−$2.5K −$1.09/SF
EGI
$42.1K $18.71/SF
− OpEx
−$12.6K −$5.61/SF
NOI
$29.5K $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 Rate 5%
$589,400
Cap Rate 7%
$421,000
Cap Rate 9%
$327,444
Alternative Uses
Best Use
Multifamily LT 5
$421.0K
$368.4K – $491.2K
NOI $29,470 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$364.2K
$318.6K – $424.9K
NOI $25,491 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$578.6K
$506.3K – $675.0K
NOI $40,500 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
149
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
$115,400
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Houston, TX
Properties on Market for Duplexes in Houston
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences feature three bedrooms, two bathrooms, and contemporary interior finishes.
Where is this duplex located?
The property is located at 422 Calloway Street #A/B Houston, TX.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; 2,250 total square feet; Built in 2026
