Duplex with Fenced
For Sale
$499,000
508 /510 Clarence St, Tomball, TX 77375
Two-unit property with private entrances, individual utility rooms, and separate outdoor areas for each residence.
Property Size2,292 SF
Price / SF$217.71
Days on Market64
Property Features for 508 /510 Clarence St
General Information
Standard status
Active
Size
2,292 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Parking per Unit
2
Additional Details
Utilities to Site
Yes
Amenities
private entrances
fenced backyards
utility room
Building Details
Year Built
1984
Listing Agency:
RE/MAX Elite Properties
Listed By:
Sam Sharif · License #0752848
(713) 806-6939
Source:
Nova-era
Added: Aug 14
Changed: Oct 10
Last Checked: Oct 15 at 1:41AM
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 RE/MAX Elite Properties
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Investment Insights
Based on property information with market context.
This 2,292-square-foot duplex, built in 1984, contains two residences with matching layouts. Each unit includes 2 bedrooms, 2 full baths, an open kitchen and living area, a private entrance, an individual utility room, and a fenced backyard. The property is served by city water and sewer and uses all-electric systems, with two dedicated parking spaces assigned to each unit.
The property is located in Downtown Tomball near hospitals, restaurants, shopping, and a weekend farmers market. Its central setting places everyday services and community amenities within minutes of the residences.
The property is located in Downtown Tomball near hospitals, restaurants, shopping, and a weekend farmers market. Its central setting places everyday services and community amenities within minutes of the residences.
Key Highlights
- 2,292‑square‑foot duplex built in 1984
- Each unit has 2 bedrooms and 2 full baths
- Private entrance, utility room, and fenced backyard for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,514
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,280
$350.3K
Cap Rate 7%
$250,200
$250.2K
Cap Rate 9%
$194,600
$194.6K
Market Conditions
NOI Build-Up for 2,292 SF
Gross rent
$27.5K $12.00/SF
− Vacancy
−$2.5K −$1.08/SF
EGI
$25.0K $10.92/SF
− OpEx
−$7.5K −$3.27/SF
NOI
$17.5K $7.64/SF
Area
Harris County, TX
Vacancy
9.03%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,280
Cap Rate 7%
$250,200
Cap Rate 9%
$194,600
Alternative Uses
Best Use
Multifamily LT 5
$250.2K
$218.9K – $291.9K
NOI $17,514 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$217.1K
$190.0K – $253.3K
NOI $15,196 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$625.8K
$547.6K – $730.1K
NOI $43,808 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,582
Businesses Nearby
Explore this area
Business Placement
Demographics for 77375, TX
65,365
Population
25,452
Households
2.6
Avg Household Size
34
Median Age
41%
College-Educated
92%
High-School Grad
35.2 sq mi
ZIP Area
1,857
Density / Sq Mi
$95,813
Median Household Income
$57,735
Median Earnings
$1,495
Median Rent
$287,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with private entrances, individual utility rooms, and separate outdoor areas for each residence.
Where is this duplex located?
The property is located at 508 /510 Clarence St Tomball, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 2,292‑square‑foot duplex built in 1984; Each unit has 2 bedrooms and 2 full baths; Private entrance, utility room, and fenced backyard for each unit
