Two-Unit
New
For Sale
$359,000
433A/B Rhode Island St, Houston, TX 77029
Each residence combines an open layout with a kitchen island and stainless steel appliances.
Property Size2,350 SF
Days on Market4
Property Features for 433A/B Rhode Island St
General Information
Standard status
Active
Size
2,350 SF
Property subtype
Investment
Site & Location
Neighborhood
Clinton Park Tri-Community
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,323
Building Details
Building Size
2,350 SF
Year Built
1940
Buildings
1
Stories
2
Listing Agency:
WHITE HOUSE GLOBAL PROPERTIES
Listed By:
Manuel Martinez · License #0733169
(956) 312-1807
Source:
Elliman
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 24 at 5:09PM
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 WHITE HOUSE GLOBAL PROPERTIES
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two separate residences, each configured with three bedrooms and two full bathrooms. Open-concept living areas are complemented by kitchens with large islands, stainless steel appliances, and ample cabinet storage. Natural light and contemporary finishes are featured throughout both units.
The property is located at 433A/B Rhode Island St in Houston. Its Walk Score is 12, its Transit Score is 24, and its Bike Score is 30.
The property is located at 433A/B Rhode Island St in Houston. Its Walk Score is 12, its Transit Score is 24, and its Bike Score is 30.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full bathrooms
- Open‑concept layouts with spacious living areas
- Kitchens include large islands, stainless steel appliances, and ample cabinet space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,780
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,600
$615.6K
Cap Rate 7%
$439,714
$439.7K
Cap Rate 9%
$342,000
$342.0K
Market Conditions
NOI Build-Up for 2,350 SF
Gross rent
$46.5K $19.80/SF
− Vacancy
−$2.6K −$1.09/SF
EGI
$44.0K $18.71/SF
− OpEx
−$13.2K −$5.61/SF
NOI
$30.8K $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%
$615,600
Cap Rate 7%
$439,714
Cap Rate 9%
$342,000
Alternative Uses
Best Use
Multifamily LT 5
$439.7K
$384.8K – $513.0K
NOI $30,780 @ 7.0% cap · market cap 8.57%
Second Best
Apartment 5plus
$380.3K
$332.8K – $443.7K
NOI $26,624 @ 7.0% cap · market cap 7.42%
Theoretical Best
Office A
$604.3K
$528.8K – $705.0K
NOI $42,300 @ 7.0% cap · market cap 11.78%
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
222
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
Frequently Asked Questions
What type of property is this?
Duplex - Each residence combines an open layout with a kitchen island and stainless steel appliances.
Where is this duplex located?
The property is located at 433A/B Rhode Island St Houston, TX.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 full bathrooms; Open‑concept layouts with spacious living areas; Kitchens include large islands, stainless steel appliances, and ample cabinet space
