Modern Duplex with Cathedral
New
For Sale
$389,900
422 Calloway Street Unit A/B, Houston, TX 77029
Two 3-bedroom units feature quartz counters, electric fireplaces, and integrated lighting.
Property Size2,250 SF
Price / SF$173.29
Days on Market6
Property Features for 422 Calloway Street Unit A/B
General Information
Standard status
Active
Size
2,250 SF
Property subtype
Multi Family,Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
European flat-panel cabinetry
quartz countertops
electric fireplaces
integrated lighting
cathedral ceilings
Building Details
Building Size
2,250 SF
Year Built
2026
Buildings
1
Listing Agency:
Premier Haus Realty, LLC
Listed By:
Olevia Johnson
(832) 492-6883
Source:
Greenwoodking
Added: Oct 1
Changed: Oct 5
Last Checked: Oct 5 at 11:46PM
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
Investment Insights
Based on property information with market context.
Built in 2026, this 2,250-square-foot duplex contains two units, each with 3 bedrooms and 2 bathrooms. Interior finishes include European flat-panel cabinetry, quartz countertops, electric fireplaces, and integrated lighting at the stairs, beneath kitchen cabinets, and within shower niches. The upper unit has cathedral ceilings.
The property is located minutes from Downtown Houston, East River, major freeways, and surrounding development.
The property is located minutes from Downtown Houston, East River, major freeways, and surrounding development.
Key Highlights
- 2,250 square feet across two units
- Each unit has 3 bedrooms and 2 bathrooms
- 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.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
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
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two 3-bedroom units feature quartz counters, electric fireplaces, and integrated lighting.
Where is this duplex located?
The property is located at 422 Calloway Street Unit 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: 2,250 square feet across two units; Each unit has 3 bedrooms and 2 bathrooms; Built in 2026
