Duplex with Modern
For Sale
$359,000
435A/B Rhode Island Street, Houston, TX 77029
Both residences offer three bedrooms, two full bathrooms, and open-concept living areas.
Property Size2,350 SF
Days on Market9
Property Features for 435A/B Rhode Island Street
General Information
Standard status
Active
Size
2,350 SF
Property subtype
Multi Family,Duplex
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
Listing Agency:
White House Global Properties
Listed By:
Manuel Martinez · License #0733169
(956) 312-1807
Source:
Mpowerrealtygroup
Added: Oct 14
Changed: Oct 21
Last Checked: Oct 21 at 3:10AM
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 residences, each with three bedrooms and two full bathrooms. Open-concept layouts connect spacious living areas with kitchens featuring large islands, stainless steel appliances, and ample cabinetry. Natural light and contemporary finishes characterize the interiors, complemented by a modern exterior design.
The property is located at 435 Rhode Island Street in Houston, Texas.
The property is located at 435 Rhode Island Street in Houston, Texas.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full bathrooms
- Open‑concept layouts with spacious living areas
- Each kitchen features a large island, 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 - Both residences offer three bedrooms, two full bathrooms, and open-concept living areas.
Where is this duplex located?
The property is located at 435A/B Rhode Island Street 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; Each kitchen features a large island, stainless steel appliances, and ample cabinet space
