New Construction Two-Unit
811 E 32nd-1/2 Street Unit A/B, Houston, TX 77022
For Sale
$630,000
Each residence has two bedrooms, an open layout, and contemporary finishes.
Property Size3,400 SF
Price / SF$185.29
Days on Market18
Property Features for 811 E 32nd-1/2 Street Unit A/B
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Illustrious Realty, LLC
Listed By:
Crystal Joy
(832) 844-8608
Source:
Nancyalmodovar
Added: Oct 23
Changed: Nov 9
Last Checked: Nov 8 at 4:26PM
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 Illustrious Realty, LLC
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Investment Insights
Based on property information with market context.
Completed in 2026, this two-story duplex contains 3,400 square feet across two 1,700-square-foot residences. Both units have two bedrooms, open-concept layouts, contemporary finishes, and energy-efficient construction.
The property is near major thoroughfares, dining, and transit in Houston.
The property is near major thoroughfares, dining, and transit in Houston.
Key Highlights
- 3,400 square feet total, divided into two 1,700‑square‑foot units
- Two‑story duplex built in 2026
- Each unit includes two bedrooms and an open‑concept layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,532
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$890,640
$890.6K
Cap Rate 7%
$636,171
$636.2K
Cap Rate 9%
$494,800
$494.8K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$67.3K $19.80/SF
− Vacancy
−$3.7K −$1.09/SF
EGI
$63.6K $18.71/SF
− OpEx
−$19.1K −$5.61/SF
NOI
$44.5K $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%
$890,640
Cap Rate 7%
$636,171
Cap Rate 9%
$494,800
Alternative Uses
Best Use
Multifamily LT 5
$636.2K
$556.7K – $742.2K
NOI $44,532 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$550.3K
$481.5K – $642.0K
NOI $38,519 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$874.3K
$765.0K – $1.02M
NOI $61,200 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
819
Businesses Nearby
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Business Placement
Demographics for 77022, TX
28,748
Population
10,717
Households
2.7
Avg Household Size
35
Median Age
13%
College-Educated
63%
High-School Grad
5.8 sq mi
ZIP Area
4,957
Density / Sq Mi
$48,386
Median Household Income
$28,877
Median Earnings
$1,047
Median Rent
$197,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Houston, TX
Properties on Market for Duplexes in Houston
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, an open layout, and contemporary finishes.
Where is this duplex located?
The property is located at 811 E 32nd-1/2 Street Unit A/B Houston, TX.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: 3,400 square feet total, divided into two 1,700‑square‑foot units; Two‑story duplex built in 2026; Each unit includes two bedrooms and an open‑concept layout
