Modern Duplex With Furnished
For Sale
$390,000
7119 Palestine St, Houston, TX 77020
Two side-by-side units each offer 3 bedrooms and 2 full baths with open-concept layouts and stainless appliances.
Property Size2,100 SF
Price / SF$185.71
Days on Market112
Property Features for 7119 Palestine St
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Denver Harbor / Port Houston
Taxes and HOA fees
Annual Taxes
$7,630
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Jimmy Franklin
(281) 433-6728
Source:
Exprealty
Added: Jul 6
Changed: Oct 25
Last Checked: Oct 24 at 8:28PM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
This modern duplex is an income-producing property with two well-appointed units. Each unit features 3 bedrooms and 2 full baths, with open-concept living spaces and durable vinyl plank flooring. Kitchens include quartz countertops and stainless steel appliances, along with contemporary finishes throughout. The duplex can be sold fully furnished, supporting immediate occupancy or rental use.
The property is located just minutes from Downtown Houston. WalkScore is listed as 79 (very walkable) and bikeScore is 78 (very bikeable), with transitScore 50 (good transit).
As configured, the duplex offers a straightforward two-unit layout well suited to buyers seeking a turnkey setup for either short-term or long-term rental purposes.
The property is located just minutes from Downtown Houston. WalkScore is listed as 79 (very walkable) and bikeScore is 78 (very bikeable), with transitScore 50 (good transit).
As configured, the duplex offers a straightforward two-unit layout well suited to buyers seeking a turnkey setup for either short-term or long-term rental purposes.
Key Highlights
- Modern duplex built in 2022 with two side‑by‑side units.
- Each unit features 3 bedrooms and 2 full baths with an open‑concept layout.
- Vinyl plank flooring, quartz countertops, and stainless steel appliances in both units.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,505
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,100
$550.1K
Cap Rate 7%
$392,929
$392.9K
Cap Rate 9%
$305,611
$305.6K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$41.6K $19.80/SF
− Vacancy
−$2.3K −$1.09/SF
EGI
$39.3K $18.71/SF
− OpEx
−$11.8K −$5.61/SF
NOI
$27.5K $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%
$550,100
Cap Rate 7%
$392,929
Cap Rate 9%
$305,611
Alternative Uses
Best Use
Multifamily LT 5
$392.9K
$343.8K – $458.4K
NOI $27,505 @ 7.0% cap · market cap 7.05%
Second Best
Apartment 5plus
$339.9K
$297.4K – $396.5K
NOI $23,791 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$540.0K
$472.5K – $630.0K
NOI $37,800 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
569
Businesses Nearby
Explore this area
Business Placement
Demographics for 77020, TX
24,846
Population
10,054
Households
2.5
Avg Household Size
35
Median Age
13%
College-Educated
65%
High-School Grad
7.8 sq mi
ZIP Area
3,185
Density / Sq Mi
$49,481
Median Household Income
$32,573
Median Earnings
$942
Median Rent
$133,600
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 - Two side-by-side units each offer 3 bedrooms and 2 full baths with open-concept layouts and stainless appliances.
Where is this duplex located?
The property is located at 7119 Palestine St Houston, TX.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Modern duplex built in 2022 with two side‑by‑side units.; Each unit features 3 bedrooms and 2 full baths with an open‑concept layout.; Vinyl plank flooring, quartz countertops, and stainless steel appliances in both units.
