Brand-New Duplex With Open
For Sale
$495,000
6708 Conley St, Houston, TX 77021
New duplex offers two units, each with three bedrooms and two full bathrooms plus tile flooring and open-concept living areas.
Days on Market8
Property Features for 6708 Conley St
General Information
Standard status
Active
Property subtype
Investment
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Building Size
2,728 SF
Year Built
2026
Tenancy
Multi
Listing Agency:
(832) 524-0398
Listed By:
Ryan Hicks · License #449718
(832) 524-0398
Source:
Elliman
Added: Jul 25
Changed: Jul 26
Last Checked: Jul 31 at 6:09AM
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 Ryan Hicks
Investment Insights
Based on property information with market context.
Brand-new duplex featuring a popular open-concept floorplan in each unit. Both units are laid out with three bedrooms and two full bathrooms, with tile flooring throughout the main living areas. Kitchens include a spacious island kitchen with quartz counters, designed for daily use and entertaining. Each unit’s primary suite includes a well-appointed bath and walk-in closet, while the secondary bedrooms are sized to support a range of living arrangements.
Conveniently located with quick access to Hwy 288 and within reach of the Texas Medical Center, Museum District, and Downtown.
Each unit includes the core finishes and layout features described, making the property well-suited to consistent, repeatable leasing or owner-occupancy arrangements.
Conveniently located with quick access to Hwy 288 and within reach of the Texas Medical Center, Museum District, and Downtown.
Each unit includes the core finishes and layout features described, making the property well-suited to consistent, repeatable leasing or owner-occupancy arrangements.
Key Highlights
- Brand‑new duplex (Year built 2026) with 2 units
- Each unit features 3 bedrooms and 2 full bathrooms
- Tile flooring throughout main living areas plus open‑concept layout
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.0k | $19.80 |
| − Vacancy | −$3.0k | −$1.09 |
| EGI | $51.0k | $18.71 |
| − OpEx | −$15.3k | −$5.61 |
| NOI | $35.7k | $13.10 |
2,728 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$510.4K
$446.6K – $595.5K
NOI $35,731 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$441.5K
$386.3K – $515.1K
NOI $30,906 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$701.5K
$613.8K – $818.4K
NOI $49,104 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
881
Businesses Nearby
Explore this area
Business Placement
Demographics for 77021, TX
28,055
Population
12,819
Households
2.2
Avg Household Size
36
Median Age
34%
College-Educated
87%
High-School Grad
6.1 sq mi
ZIP Area
4,599
Density / Sq Mi
$45,034
Median Household Income
$38,041
Median Earnings
$1,193
Median Rent
$203,900
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 - New duplex offers two units, each with three bedrooms and two full bathrooms plus tile flooring and open-concept living areas.
Where is this duplex located?
The property is located at 6708 Conley St Houston, TX.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Brand‑new duplex (Year built 2026) with 2 units; Each unit features 3 bedrooms and 2 full bathrooms; Tile flooring throughout main living areas plus open‑concept layout
