Two-Story Duplex With Covered
For Sale
$470,000
6501 Osprey Drive A/B, Houston, TX 77048
Two attached residential units offer updated finishes, private fenced yards, and in-unit laundry areas.
Property Size2,236 SF
Price / SF$210.20
Days on Market84
Property Features for 6501 Osprey Drive A/B
General Information
Standard status
Active
Size
2,236 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Neighborhood
Minnetex
Highway Access
Yes
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Parking per Unit
2
Amenities
fenced backyard
covered patio
laundry room
walk-in closets
utility room
Building Details
Year Built
2020
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Texas Ally Real Estate Group, LLC
Listed By:
Justine Cornell · License #0754899
(805) 358-3307
Source:
Poprealty
Added: Aug 4
Changed: Oct 25
Last Checked: Oct 7 at 5:15PM
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 Texas Ally Real Estate Group, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2020, this two-story duplex contains two matching units, each with 2 bedrooms and 1.5 baths. The property totals 2,236 square feet, with first-floor living areas, open kitchen and dining layouts, laundry rooms, and second-floor bedrooms with a full bath. Each residence includes a refrigerator, washer, dryer, dishwasher, and stove/range, along with walk-in closets, ceiling fans, a Rheem water heater, and Trane AC. Both sides also provide a covered patio, fenced backyard, and two parking spaces.
The duplex is located at 6501 Osprey Drive A/B in Houston, near shopping, dining, the Medical Center, and Houston Hobby Airport. Access to 288, I-45, and I-610 is nearby. Both units are currently leased, with tenants permitted to remain for the buyer.
The duplex is located at 6501 Osprey Drive A/B in Houston, near shopping, dining, the Medical Center, and Houston Hobby Airport. Access to 288, I-45, and I-610 is nearby. Both units are currently leased, with tenants permitted to remain for the buyer.
Key Highlights
- Two‑unit duplex totaling 2,236 square feet
- Built in 2020 with 2 bedrooms and 1.5 baths per unit
- Each side includes a fenced backyard and covered patio
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.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
118
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two attached residential units offer updated finishes, private fenced yards, and in-unit laundry areas.
Where is this duplex located?
The property is located at 6501 Osprey Drive A/B 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: Two‑unit duplex totaling 2,236 square feet; Built in 2020 with 2 bedrooms and 1.5 baths per unit; Each side includes a fenced backyard and covered patio
