New Duplex with Open-Concept
For Sale
$489,900
7906 Gladstone Street, Houston, TX 77051
Brand-new duplex featuring two 3-bedroom, 2-bath units with open-concept living spaces.
Property Size2,454 SF
Price / SF$199.63
Days on Market114
Property Features for 7906 Gladstone Street
General Information
Standard status
Active
Size
2,454 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,700
Amenities
Carpet,Plank,Tile,Vinyl
Yes
2
3
Washer Hookup,Dryer Hookup
Builder
Quartz Counters
Partial
Near Public Transit
5000
More than Two
Appraiser
Paved
2454
Building Details
Building Size
2,454 SF
Year Built
2026
Stories
1
Listing Agency:
eXp Realty, LLC
(281) 444-5140
Listed By:
Rebecca Nelson
(281) 799-0203
Source:
Garygreene
Added: Jun 26
Changed: Oct 16
Last Checked: Oct 16 at 6:58AM
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.
Welcome to 7906 Gladstone Street, a brand-new duplex offering two separate residential units. Each unit is laid out with 3 bedrooms and 2 bathrooms, including an open-concept living area, a private primary suite, and a dedicated utility area. The property is finished with modern, stylish touches throughout.
Situated in Houston’s Sunnyside community, the home is positioned for convenient access to Downtown Houston, the Texas Medical Center, University of Houston, and major freeways. Transit, walkability, and bikeability are noted as moderate, supporting day-to-day connectivity.
With two identical residential layouts on one site, this duplex configuration can support a variety of owner-occupant or rental use approaches, depending on how you plan to operate the property.
Situated in Houston’s Sunnyside community, the home is positioned for convenient access to Downtown Houston, the Texas Medical Center, University of Houston, and major freeways. Transit, walkability, and bikeability are noted as moderate, supporting day-to-day connectivity.
With two identical residential layouts on one site, this duplex configuration can support a variety of owner-occupant or rental use approaches, depending on how you plan to operate the property.
Key Highlights
- Brand‑new duplex built in 2026 with two units
- Each unit features 3 bedrooms and 2 bathrooms
- Open‑concept living spaces in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,142
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,840
$642.8K
Cap Rate 7%
$459,171
$459.2K
Cap Rate 9%
$357,133
$357.1K
Market Conditions
NOI Build-Up for 2,454 SF
Gross rent
$48.6K $19.80/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$45.9K $18.71/SF
− OpEx
−$13.8K −$5.61/SF
NOI
$32.1K $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%
$642,840
Cap Rate 7%
$459,171
Cap Rate 9%
$357,133
Alternative Uses
Best Use
Multifamily LT 5
$459.2K
$401.8K – $535.7K
NOI $32,142 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$397.2K
$347.5K – $463.4K
NOI $27,802 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$631.0K
$552.2K – $736.2K
NOI $44,172 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Explore this area
Business Placement
Demographics for 77051, TX
18,323
Population
7,453
Households
2.5
Avg Household Size
34
Median Age
15%
College-Educated
78%
High-School Grad
7.4 sq mi
ZIP Area
2,476
Density / Sq Mi
$40,030
Median Household Income
$31,914
Median Earnings
$1,332
Median Rent
$171,900
Median Home Value
Check the figures for this property
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 - Brand-new duplex featuring two 3-bedroom, 2-bath units with open-concept living spaces.
Where is this duplex located?
The property is located at 7906 Gladstone Street Houston, TX.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Brand‑new duplex built in 2026 with two units; Each unit features 3 bedrooms and 2 bathrooms; Open‑concept living spaces in both units
