Updated Two-Unit
6206 Lyndhurst Drive, Houston, TX 77087
For Sale
$475,000
Separate entrances, laundry hookups, and outdoor areas serve each residence.
Property Size2,554 SF
Price / SF$185.98
Days on Market280
Property Features for 6206 Lyndhurst Drive
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Priority One Real Estate
Listed By:
Sarah Benson
(281) 707-2210
Source:
Skwrealty
Added: Feb 4
Changed: Nov 7
Last Checked: Nov 10 at 12:24PM
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 Priority One Real Estate
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Investment Insights
Based on property information with market context.
This duplex contains two updated residences, each with three bedrooms and two bathrooms. Both units have private entrances, in-unit laundry hookups, and separate outdoor areas. Interior features include open-plan living areas, kitchens with new cabinetry, quartz counters and stainless steel appliances, luxury vinyl plank flooring, fresh paint, and updated lighting. The building measures 2,554 square feet and was built in 1955.
Major building systems—including plumbing, electrical, roofing, and HVAC—have been updated. Construction is in its final stages.
Major building systems—including plumbing, electrical, roofing, and HVAC—have been updated. Construction is in its final stages.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- 2,554‑square‑foot duplex, built in 1955
- Separate entrance and outdoor area for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,452
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,040
$669.0K
Cap Rate 7%
$477,886
$477.9K
Cap Rate 9%
$371,689
$371.7K
Market Conditions
NOI Build-Up for 2,554 SF
Gross rent
$50.6K $19.80/SF
− Vacancy
−$2.8K −$1.09/SF
EGI
$47.8K $18.71/SF
− OpEx
−$14.3K −$5.61/SF
NOI
$33.5K $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%
$669,040
Cap Rate 7%
$477,886
Cap Rate 9%
$371,689
Alternative Uses
Best Use
Multifamily LT 5
$477.9K
$418.2K – $557.5K
NOI $33,452 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$413.4K
$361.7K – $482.3K
NOI $28,935 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$656.7K
$574.7K – $766.2K
NOI $45,972 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
278
Businesses Nearby
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Business Placement
Demographics for 77087, TX
34,654
Population
12,400
Households
2.8
Avg Household Size
35
Median Age
12%
College-Educated
63%
High-School Grad
6.6 sq mi
ZIP Area
5,251
Density / Sq Mi
$53,624
Median Household Income
$32,927
Median Earnings
$1,015
Median Rent
$148,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Houston, TX
Properties on Market for Duplexes in Houston
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances, laundry hookups, and outdoor areas serve each residence.
Where is this duplex located?
The property is located at 6206 Lyndhurst Drive Houston, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; 2,554‑square‑foot duplex, built in 1955; Separate entrance and outdoor area for each unit
