Renovation Duplex with Detached
For Sale
$209,000
510 N Everton Street, Houston, TX 77003
Sold as-is, this duplex includes a main house and a detached garage apartment needing extensive repairs and updating.
Property Size948 SF
Price / SF$220.46
Days on Market114
Property Features for 510 N Everton Street
General Information
Standard status
Active
Size
948 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Second Ward
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,550
Amenities
Carpet,Tile
Yes
1
2
Appraiser
No
4750
948
Building Details
Building Size
948 SF
Year Built
1940
Stories
1
Listing Agency:
Hacienda Real Estate
(281) 486-1900
Listed By:
Lisa Smith · License #0791341
(281) 635-4007
Source:
Garygreene
Added: Jul 4
Changed: Oct 25
Last Checked: Oct 24 at 2:34PM
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 Hacienda Real Estate
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Investment Insights
Based on property information with market context.
This renovation duplex is being sold as-is and includes a main house plus a detached garage apartment. The existing improvements require extensive repairs and updating, making it a strong fit for buyers and investors looking for a property they can rework and reposition. The layout provides two separate living components within the same offering.
The property is located near Downtown Houston with convenient access to major freeways and nearby dining and entertainment. WalkScore is 37 (car-dependent), while bikeScore is 49 (somewhat bikeable) and transitScore is 42 (some transit).
Also available separately is the adjacent property at 516 N Everton St, offering the opportunity to acquire two side-by-side properties for those pursuing a larger combined redevelopment plan.
The property is located near Downtown Houston with convenient access to major freeways and nearby dining and entertainment. WalkScore is 37 (car-dependent), while bikeScore is 49 (somewhat bikeable) and transitScore is 42 (some transit).
Also available separately is the adjacent property at 516 N Everton St, offering the opportunity to acquire two side-by-side properties for those pursuing a larger combined redevelopment plan.
Key Highlights
- Sold as‑is; existing improvements require extensive repairs and updating.
- Duplex setup includes a main house plus a detached garage apartment.
- Year built: 1940.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,417
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,340
$248.3K
Cap Rate 7%
$177,386
$177.4K
Cap Rate 9%
$137,967
$138.0K
Market Conditions
NOI Build-Up for 948 SF
Gross rent
$18.8K $19.80/SF
− Vacancy
−$1.0K −$1.09/SF
EGI
$17.7K $18.71/SF
− OpEx
−$5.3K −$5.61/SF
NOI
$12.4K $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%
$248,340
Cap Rate 7%
$177,386
Cap Rate 9%
$137,967
Alternative Uses
Best Use
Multifamily LT 5
$177.4K
$155.2K – $207.0K
NOI $12,417 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$153.4K
$134.3K – $179.0K
NOI $10,740 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$243.8K
$213.3K – $284.4K
NOI $17,064 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
832
Businesses Nearby
Explore this area
Business Placement
Demographics for 77003, TX
11,874
Population
6,201
Households
1.9
Avg Household Size
36
Median Age
49%
College-Educated
93%
High-School Grad
2.7 sq mi
ZIP Area
4,398
Density / Sq Mi
$88,837
Median Household Income
$63,831
Median Earnings
$1,562
Median Rent
$363,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Sold as-is, this duplex includes a main house and a detached garage apartment needing extensive repairs and updating.
Where is this duplex located?
The property is located at 510 N Everton Street Houston, TX.
What is the asking price?
The asking price for this property is $209,000.
What are key features of this property?
This property features: Sold as‑is; existing improvements require extensive repairs and updating.; Duplex setup includes a main house plus a detached garage apartment.; Year built: 1940.
