Converted Duplex with Dual
721 Lenox Street Houston, TX 77023
For Sale
$324,000
Converted into a duplex with private entrances and two driveways featuring powered track gates.
Property Size1,490 SF
Price / SF$217.45
Days on Market125
Property Features for 721 Lenox Street
General Information
- Standard status
- Active
- Size
- 1,490 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1930
Listing Agency:
JEA Properties
(832) 447-0032
Listed By:
Goya Corona
(832) 447-0032
Source:
Garygreene
Added: Mar 21
Changed: Jul 23
Last Checked: Jul 23 at 4:37AM
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 JEA Properties
Investment Insights
Based on property information with market context.
This converted duplex offers two separate living spaces with private entrances, each with comfortable living areas and functional kitchens. The property is configured as a 2-bedroom, 2-bath layout and is currently operating as a long-term Airbnb.
The home sits on a corner lot and includes two driveways with motor-powered track gates, providing on-site parking convenience and separation for each side.
As presented, the arrangement supports flexible use for either long-term tenants or owner-occupancy, and the seller indicates the house can be reconfigured into a full three-bedroom.
The home sits on a corner lot and includes two driveways with motor-powered track gates, providing on-site parking convenience and separation for each side.
As presented, the arrangement supports flexible use for either long-term tenants or owner-occupancy, and the seller indicates the house can be reconfigured into a full three-bedroom.
Key Highlights
- Converted duplex on a corner lot with private entrances and 1,490 sqft living area
- 2 bedrooms and 2 baths with 1 fireplace, ceiling fans, carpet and vinyl flooring
- Two driveways with motor‑powered track gates for ample parking
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 | $29.5k | $19.80 |
| − Vacancy | −$1.6k | −$1.09 |
| EGI | $27.9k | $18.71 |
| − OpEx | −$8.4k | −$5.61 |
| NOI | $19.5k | $13.10 |
1,490 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$278.8K
$244.0K – $325.3K
NOI $19,516 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$241.1K
$211.0K – $281.3K
NOI $16,880 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$383.1K
$335.3K – $447.0K
NOI $26,820 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Converted into a duplex with private entrances and two driveways featuring powered track gates.
Where is this duplex located?
The property is located at 721 Lenox Street Houston, TX.
What is the asking price?
The asking price for this property is $324,000.
What are key features of this property?
This property features: Converted duplex on a corner lot with private entrances and 1,490 sqft living area; 2 bedrooms and 2 baths with 1 fireplace, ceiling fans, carpet and vinyl flooring; Two driveways with motor‑powered track gates for ample parking
