Two-Story Duplex with Covered
For Sale
$470,000
6501 Osprey Drive, Houston, TX 77048
Residential, Houston, TX
Property Size2,236 SF
Lot Size0.09 Acres
Price / SF$210.20
Days on Market47
Property Features for 6501 Osprey Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 4, Bathroom 2, Bedroom 4, Bathroom 3, Bedroom 2, Bedroom 1
Parking
4
Parking features
Assigned
Patio and Porch features
Patio
Interior features
OpenFloorplan, CableTv, BreakfastBar, CeilingFans
Appliances
Dishwasher, ElectricOven, ElectricRange, FreeStandingRange, Microwave, Refrigerator
Subdivision
Noah Springs
Lot features
Interior Lot
Elementary school district
Other ISD
Middle school district
Other ISD
High school district
Other ISD
Standard status
Active
APN
144-633-001-0001
Size
2,236 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Description
LT 1+2 BLK 1 NOAH SPRINGS
Tax Annual Amount
7477
Legal Description
LT 1+2 BLK 1 NOAH SPRINGS
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
fenced backyard
covered patio
laundry room
Building Details
Year built
2020
Floors in Building
2
Number of units
2
Flooring type
Carpet, Tile
Building materials
HardiplankType
Roof type
Shingle
Listing Agency:
Texas Ally Real Estate Group
(512) 763-2559
Listed By:
Justine Cornell · License #0754899
(805) 358-3307
Added: Sep 1
Changed: Sep 23
Last Checked: Oct 17 at 7:06AM
MLS# 481758
Copyright © 2026 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2020, this two-story duplex contains two separate two-bedroom, one-and-a-half-bath units totaling 2,236 square feet. Each residence offers an open floor plan, first-floor living areas, a breakfast bar, laundry room, walk-in closets, and upgraded finishes. Kitchens include refrigerators, dishwashers, electric ranges, and microwaves. Both units also feature fenced backyards with covered patios, tile and carpet flooring, central electric heating and cooling, Trane AC systems, and Rheem water heaters.
The property includes four bedrooms and four bathrooms overall, with two bedrooms and a full bathroom positioned upstairs in each unit. Assigned parking provides four spaces, with two allocated to each side. Public water and sewer serve the property, which is located in Houston near shopping, dining, major employers, Houston Hobby Airport, the Medical Center, Highway 288, I-45, and I-610.
The property includes four bedrooms and four bathrooms overall, with two bedrooms and a full bathroom positioned upstairs in each unit. Assigned parking provides four spaces, with two allocated to each side. Public water and sewer serve the property, which is located in Houston near shopping, dining, major employers, Houston Hobby Airport, the Medical Center, Highway 288, I-45, and I-610.
Key Highlights
- 2,236 square feet across a two‑unit duplex
- Built in 2020 with Hardiplank construction
- Each unit includes 2 bedrooms and 1.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,286
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,720
$585.7K
Cap Rate 7%
$418,371
$418.4K
Cap Rate 9%
$325,400
$325.4K
Market Conditions
NOI Build-Up for 2,236 SF
Gross rent
$44.3K $19.80/SF
− Vacancy
−$2.4K −$1.09/SF
EGI
$41.8K $18.71/SF
− OpEx
−$12.6K −$5.61/SF
NOI
$29.3K $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%
$585,720
Cap Rate 7%
$418,371
Cap Rate 9%
$325,400
Alternative Uses
Best Use
Multifamily LT 5
$418.4K
$366.1K – $488.1K
NOI $29,286 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$361.9K
$316.7K – $422.2K
NOI $25,332 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$575.0K
$503.1K – $670.8K
NOI $40,248 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
Explore this area
Business Placement
Demographics for 77048, TX
20,536
Population
8,029
Households
2.6
Avg Household Size
33
Median Age
21%
College-Educated
83%
High-School Grad
11.5 sq mi
ZIP Area
1,786
Density / Sq Mi
$54,625
Median Household Income
$36,864
Median Earnings
$1,317
Median Rent
$190,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Fully rented duplex with two-bedroom units, upgraded finishes, private patios, and assigned parking.
Where is this duplex located?
The property is located at 6501 Osprey Drive Houston, TX.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: 2,236 square feet across a two‑unit duplex; Built in 2020 with Hardiplank construction; Each unit includes 2 bedrooms and 1.5 bathrooms
