Two-Unit Duplex with Open
For Sale
$499,999
6832 Morrow Street # B Unit A and B, Houston, TX 77091
Both residences are occupied, with leases running into 2027.
Property Size2,178 SF
Days on Market19
Property Features for 6832 Morrow Street # B Unit A and B
General Information
Standard status
Active
Size
2,178 SF
Property subtype
Multi Family,Duplex
Occupancy
100%
Site & Location
Neighborhood
Acres Home
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,097
Building Details
Building Size
2,178 SF
Year Built
2022
Buildings
1
Tenancy
Multi
Listing Agency:
Compass RE Texas, LLC - Houston
Listed By:
Elena Turcanu
(832) 590-0066
Source:
Nancyalmodovar
Added: Oct 8
Changed: Oct 25
Last Checked: Oct 24 at 11:31PM
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 Compass RE Texas, LLC - Houston
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Investment Insights
Based on property information with market context.
Built in 2022, this duplex contains two separate three-bedroom, two-bathroom residences. Each unit has an open living and dining arrangement, vaulted ceilings, and a kitchen with an oversized island and stainless-steel appliances. Interior finishes include luxury vinyl flooring and Italian tile; tankless water heaters, seamless gutters, private outdoor areas, and driveway parking are also included.
Both units are currently occupied, with leases extending through May 2027 and September 2027. The property is in Houston’s Acres Homes area, with access to major roadways, shopping, dining, and surrounding Houston communities.
Both units are currently occupied, with leases extending through May 2027 and September 2027. The property is in Houston’s Acres Homes area, with access to major roadways, shopping, dining, and surrounding Houston communities.
Key Highlights
- Two three‑bedroom, two‑bathroom units
- Built in 2022
- Each unit features vaulted ceilings and an open living and dining layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,527
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$570,540
$570.5K
Cap Rate 7%
$407,529
$407.5K
Cap Rate 9%
$316,967
$317.0K
Market Conditions
NOI Build-Up for 2,178 SF
Gross rent
$43.1K $19.80/SF
− Vacancy
−$2.4K −$1.09/SF
EGI
$40.8K $18.71/SF
− OpEx
−$12.2K −$5.61/SF
NOI
$28.5K $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%
$570,540
Cap Rate 7%
$407,529
Cap Rate 9%
$316,967
Alternative Uses
Best Use
Multifamily LT 5
$407.5K
$356.6K – $475.5K
NOI $28,527 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$352.5K
$308.4K – $411.3K
NOI $24,675 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$560.1K
$490.1K – $653.4K
NOI $39,204 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
572
Businesses Nearby
Explore this area
Business Placement
Demographics for 77091, TX
28,020
Population
12,501
Households
2.2
Avg Household Size
34
Median Age
19%
College-Educated
73%
High-School Grad
7.1 sq mi
ZIP Area
3,946
Density / Sq Mi
$35,737
Median Household Income
$28,906
Median Earnings
$1,061
Median Rent
$223,700
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 - Both residences are occupied, with leases running into 2027.
Where is this duplex located?
The property is located at 6832 Morrow Street # B Unit A and B Houston, TX.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Two three‑bedroom, two‑bathroom units; Built in 2022; Each unit features vaulted ceilings and an open living and dining layout
