Two-Unit Duplex with
For Sale
$350,000
6602 Tamar Drive A B, Pasadena, TX 77503
Duplex offers two bedrooms and two bathrooms on each side, with private backyards and ample parking.
Property Size2,430 SF
Price / SF$144.03
Days on Market159
Property Features for 6602 Tamar Drive A B
General Information
Standard status
Active
Size
2,430 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,092
Amenities
Yes
2
Appraiser
Ceiling Fan(s),Programmable Thermostat
Partial
7501
2430
Building Details
Building Size
2,430 SF
Year Built
1985
Stories
1
Tenancy
Multi
Listing Agency:
Walzel Properties - Corporate Office
(281) 367-3531
Listed By:
Adrian Slimp
(936) 499-3291
Source:
Garygreene
Added: May 17
Changed: Oct 21
Last Checked: Oct 20 at 6:21PM
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 Walzel Properties - Corporate Office
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Investment Insights
Based on property information with market context.
This two-unit duplex features two bedrooms and two bathrooms on each side, along with separate private backyards. Each unit also provides plenty of parking for residents and guests.
Located near San Jacinto College and UHCL, the property offers convenient access to Beltway 8. It is also described as a short commute to the Port of Houston.
The property is marketed as never flooded and includes a stated low tax rate, with no HOA. WalkScore and BikeScore indicate the area is car-dependent for day-to-day errands.
Located near San Jacinto College and UHCL, the property offers convenient access to Beltway 8. It is also described as a short commute to the Port of Houston.
The property is marketed as never flooded and includes a stated low tax rate, with no HOA. WalkScore and BikeScore indicate the area is car-dependent for day-to-day errands.
Key Highlights
- Duplex built in 1985, featuring 2 bedrooms and 2 bathrooms on each side
- Each unit has a private backyard and ample parking
- Long‑term tenants already in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,674
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,480
$553.5K
Cap Rate 7%
$395,343
$395.3K
Cap Rate 9%
$307,489
$307.5K
Market Conditions
NOI Build-Up for 2,430 SF
Gross rent
$42.3K $17.40/SF
− Vacancy
−$2.7K −$1.13/SF
EGI
$39.5K $16.27/SF
− OpEx
−$11.9K −$4.88/SF
NOI
$27.7K $11.39/SF
Area
Pasadena, TX
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,480
Cap Rate 7%
$395,343
Cap Rate 9%
$307,489
Alternative Uses
Best Use
Multifamily LT 5
$395.3K
$345.9K – $461.2K
NOI $27,674 @ 7.0% cap · market cap 7.91%
Second Best
Apartment 5plus
$355.4K
$310.9K – $414.6K
NOI $24,875 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$801.9K
$701.7K – $935.6K
NOI $56,135 @ 7.0% cap · market cap 16.04%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
Explore this area
Business Placement
Demographics for 77503, TX
24,956
Population
8,980
Households
2.8
Avg Household Size
33
Median Age
10%
College-Educated
70%
High-School Grad
6.3 sq mi
ZIP Area
3,961
Density / Sq Mi
$64,977
Median Household Income
$37,015
Median Earnings
$1,211
Median Rent
$165,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex offers two bedrooms and two bathrooms on each side, with private backyards and ample parking.
Where is this duplex located?
The property is located at 6602 Tamar Drive A B Pasadena, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Duplex built in 1985, featuring 2 bedrooms and 2 bathrooms on each side; Each unit has a private backyard and ample parking; Long‑term tenants already in place
