Duplex With Detached
For Sale
$219,000
516 Everton Street, Houston, TX 77003
Two separate residential structures are offered in as-is condition for a renovation-focused project.
Property Size1,092 SF
Price / SF$200.55
Days on Market63
Property Features for 516 Everton Street
General Information
Standard status
Active
Size
1,092 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
require significant renovation and updating
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,181
Amenities
Tile,Vinyl,Wood
Yes
1
2
Appraiser
No
4750
1092
Building Details
Building Size
1,092 SF
Year Built
1938
Buildings
2
Stories
1
Listing Agency:
Paramount Premier Properties
(281) 444-5140
Listed By:
Justin Hanchett
(281) 450-1587
Source:
Garygreene
Added: Aug 8
Changed: Oct 7
Last Checked: Oct 7 at 10:40AM
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 Paramount Premier Properties
Investment Insights
Based on property information with market context.
This duplex property includes a primary residence and a detached garage apartment. Both improvements are offered in as-is condition and require substantial renovation and updating. The existing layout provides two separate structures for a buyer evaluating a residential income property, remodel, expansion, or redevelopment plan. The property dates to 1938.
Located at 516 Everton Street in Houston’s EaDo/Greater East End area, the property is near Downtown Houston with access to major freeways, restaurants, and entertainment. The neighboring property at 510 N Everton St is being offered separately, providing an option to evaluate the two adjoining properties together.
Located at 516 Everton Street in Houston’s EaDo/Greater East End area, the property is near Downtown Houston with access to major freeways, restaurants, and entertainment. The neighboring property at 510 N Everton St is being offered separately, providing an option to evaluate the two adjoining properties together.
Key Highlights
- Main house plus detached garage apartment
- Built in 1938
- Sold in as‑is condition with significant renovation needs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,303
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,060
$286.1K
Cap Rate 7%
$204,329
$204.3K
Cap Rate 9%
$158,922
$158.9K
Market Conditions
NOI Build-Up for 1,092 SF
Gross rent
$21.6K $19.80/SF
− Vacancy
−$1.2K −$1.09/SF
EGI
$20.4K $18.71/SF
− OpEx
−$6.1K −$5.61/SF
NOI
$14.3K $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%
$286,060
Cap Rate 7%
$204,329
Cap Rate 9%
$158,922
Alternative Uses
Best Use
Multifamily LT 5
$204.3K
$178.8K – $238.4K
NOI $14,303 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$176.7K
$154.6K – $206.2K
NOI $12,371 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$280.8K
$245.7K – $327.6K
NOI $19,656 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residential structures are offered in as-is condition for a renovation-focused project.
Where is this duplex located?
The property is located at 516 Everton Street Houston, TX.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Main house plus detached garage apartment; Built in 1938; Sold in as‑is condition with significant renovation needs
