New Residential Duplex with Fenced
422 East 41st Street Houston, TX 77022
For Sale
Contact for pricing
Brand-new duplex offers two units with private fenced yards, 3 bedrooms, and 2 bathrooms per side.
Property Size2,984 SF
Price / SF$204.42
Days on Market82
Property Features for 422 East 41st Street
General Information
- Standard status
- Active
- Size
- 2,984 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2025
Listing Agency:
NetWorth Builders
Listed By:
ADEWALE LAWAL · License #TX 736740
Source:
Crexi
Added: May 5
Changed: Jul 23
Last Checked: Jul 24 at 11:17AM
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 NetWorth Builders
Investment Insights
Based on property information with market context.
This brand-new residential duplex features two separate units sharing a common wall. Each unit includes 3 bedrooms and 2 bathrooms, with approximately 1,500 square feet per side. Interiors are designed for an open feel, highlighted by a 17-foot entry ceiling, 10-foot ceilings throughout, and 8-foot solid core doors. Finishes include waterproof wide-plank vinyl flooring, quartz countertops, stainless steel appliances, and built-in living room speakers, along with LED recessed lighting and brushed nickel finishes.
The property is supported by a drilled pier foundation and includes fire-rated walls. Both units also offer private fenced yards.
Built to accommodate either owner-occupancy or rental use, this duplex is a turnkey residential income property with durable construction and consistent unit layouts across both sides.
The property is supported by a drilled pier foundation and includes fire-rated walls. Both units also offer private fenced yards.
Built to accommodate either owner-occupancy or rental use, this duplex is a turnkey residential income property with durable construction and consistent unit layouts across both sides.
Key Highlights
- New construction duplex with 2 units, each offering 3 bedrooms and 2 bathrooms
- Approximately 1,500 SF per side with a bright layout featuring a 17‑ft entry ceiling and 10‑ft ceilings
- Unit interiors include waterproof wide‑plank vinyl flooring, quartz countertops, and stainless steel appliances
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.1k | $19.80 |
| − Vacancy | −$3.2k | −$1.09 |
| EGI | $55.8k | $18.71 |
| − OpEx | −$16.8k | −$5.61 |
| NOI | $39.1k | $13.10 |
2,984 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$558.3K
$488.6K – $651.4K
NOI $39,084 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$482.9K
$422.6K – $563.4K
NOI $33,806 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$767.3K
$671.4K – $895.2K
NOI $53,712 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Brand-new duplex offers two units with private fenced yards, 3 bedrooms, and 2 bathrooms per side.
Where is this duplex located?
The property is located at 422 East 41st Street Houston, TX.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: New construction duplex with 2 units, each offering 3 bedrooms and 2 bathrooms; Approximately 1,500 SF per side with a bright layout featuring a 17‑ft entry ceiling and 10‑ft ceilings; Unit interiors include waterproof wide‑plank vinyl flooring, quartz countertops, and stainless steel appliances
