New Construction Duplex for
For Sale
$485,000
6186 Eastland Street A/B, Houston, TX 77028
Two-story corner duplex with private gated entry, attached one-car garages, and fully fenced backyards for each unit.
Property Size2,798 SF
Price / SF$173.34
Days on Market52
Property Features for 6186 Eastland Street A/B
General Information
Standard status
Active
Size
2,798 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,163
Amenities
private gated entry
fully fenced backyards
quartz countertops
stainless steel appliances
designer lighting
luxury vinyl plank flooring
Tile,Vinyl
Yes
3
Low-Emissivity Windows
Washer Hookup,Dryer Hookup
Owner
Quartz Counters,Ceiling Fan(s)
4000
4500
Appraiser
Garage,Garage Door Opener
Private Entrance
2798
Building Details
Building Size
2,798 SF
Year Built
2026
Stories
2
Tenancy
Multi
Listing Agency:
Ruth Longoria, REALTORS
(713) 461-6800
Listed By:
Kalee Irwin
(832) 444-6465
Source:
Garygreene
Added: Jul 21
Changed: Sep 9
Last Checked: Sep 9 at 6:58AM
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 Ruth Longoria, REALTORS
Investment Insights
Based on property information with market context.
New construction two-story duplex on a corner lot featuring luxury finishes and separate living layouts. Each unit includes three bedrooms and 2.5 bathrooms with an open-concept design. Interior improvements include quartz countertops, shaker-style cabinetry, champagne-toned fixtures, stainless steel appliances, designer lighting, luxury vinyl plank flooring, and oversized tiled showers. A private gated entry, attached one-car garage per unit, and fully fenced backyards for each side are key features.
The property is located at 6186 Eastland St A/B in Houston, TX 77028, with easy access to I-69, Loop 610, and Downtown Houston. Bike and walk scores indicate a more car-dependent setting, with some transit access.
This duplex offers a configuration that supports either investor ownership or owner-occupancy, with two self-contained units within one property.
The property is located at 6186 Eastland St A/B in Houston, TX 77028, with easy access to I-69, Loop 610, and Downtown Houston. Bike and walk scores indicate a more car-dependent setting, with some transit access.
This duplex offers a configuration that supports either investor ownership or owner-occupancy, with two self-contained units within one property.
Key Highlights
- Two‑story duplex on a corner lot with private gated entry
- Attached 1‑car garages for each unit
- Fully fenced backyards for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,647
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$732,940
$732.9K
Cap Rate 7%
$523,529
$523.5K
Cap Rate 9%
$407,189
$407.2K
Market Conditions
NOI Build-Up for 2,798 SF
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.
Gross rent
$55.4K $19.80/SF
− Vacancy
−$3.0K −$1.09/SF
EGI
$52.4K $18.71/SF
− OpEx
−$15.7K −$5.61/SF
NOI
$36.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$732,940
Cap Rate 7%
$523,529
Cap Rate 9%
$407,189
Alternative Uses
Best Use
Multifamily LT 5
$523.5K
$458.1K – $610.8K
NOI $36,647 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$452.8K
$396.2K – $528.3K
NOI $31,699 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$719.5K
$629.6K – $839.4K
NOI $50,364 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
Explore this area
Business Placement
Demographics for 77028, TX
18,701
Population
7,102
Households
2.6
Avg Household Size
35
Median Age
8%
College-Educated
69%
High-School Grad
9.1 sq mi
ZIP Area
2,055
Density / Sq Mi
$36,244
Median Household Income
$28,099
Median Earnings
$1,115
Median Rent
$108,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-story corner duplex with private gated entry, attached one-car garages, and fully fenced backyards for each unit.
Where is this duplex located?
The property is located at 6186 Eastland Street A/B Houston, TX.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Two‑story duplex on a corner lot with private gated entry; Attached 1‑car garages for each unit; Fully fenced backyards for each unit
