550 Dukeway Universal City, TX 78148
MULTI_FAMILY - Universal City, TX
Property Features for 550 Dukeway
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 4,672 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10320
Building Details
- Year built
- 1983
Listing agent Sterling Williams (214) 202-7615
Listing office Real Broker, LLC 2626 Cole Avenue, Houston, TX (855) 450-0442
Listing date May 30, 2026
Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Key Highlights
- Value‑add fourplex.
- Strong upside potential due to under‑market rents.
- Ideal for investors or owner‑occupants.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.7k | $16.20 |
| − Vacancy | −$5.4k | −$1.15 |
| EGI | $70.3k | $15.05 |
| − OpEx | −$21.1k | −$4.51 |
| NOI | $49.2k | $10.53 |
