New Duplex Near Downtown
8629 Homewood Ln, Houston, TX 77028
New two-story duplex with modern features, ideal for investors.
Type:Investment
Property size:
3,000 SFPrice / SF:
$159/SF- Added:
- Mar 25, 2026
- Days on Market:
- 71
- Last Refresh:
- Mar 24 at 6:22 am
Property Features for 8629 Homewood Ln
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Investment
Building Details
- Year Built
- 2026
Listing agent Nicole Handy License #0623605
Listing office (713) 847-6666
Listing date Mar 25, 2026
Source Elliman
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 Nicole Handy
HighLights
- Brand‑new two‑story duplex in a rapidly growing area near Downtown Houston.
- Each unit features 3 bedrooms and 2.5 bathrooms with approximately 1,500 sq ft of modern living space.
- No HOA fees.
- Fully equipped kitchen with all appliances included.
- Backed by a 2‑10 Home Warranty.
- Easy access to major freeways, dining, and entertainment.
Overview
This is a newly constructed two-story duplex located minutes from Downtown Houston. Each unit features 3 bedrooms and 2.5 bathrooms, with approximately 1,500 square feet of living space. The interior includes an open-concept layout and luxury vinyl plank flooring. The kitchens are fully equipped with appliances. The primary bedroom includes a walk-in closet. The property has no HOA and offers easy access to major freeways, dining, and entertainment options. It is backed by a 2-10 Home Warranty. This property is suitable for both owner-occupants and investors seeking rental income. The property is located in a growing area near the city center.
Local 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 | $59.4k | $19.80 |
| − Vacancy | −$3.3k | −$1.09 |
| EGI | $56.1k | $18.71 |
| − OpEx | −$16.8k | −$5.61 |
| NOI | $39.3k | $13.10 |
3,000 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$561.3K
$491.2K – $654.9K
NOI $39,293 @ 7.0% cap · market cap 8.19%
Second Best
Apartment 5plus
$485.5K
$424.8K – $566.5K
NOI $33,987 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$771.4K
$675.0K – $900.0K
NOI $54,000 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Fort Bend
- State
- Texas
- Longitude
- -95.2651922
- Latitude
- 29.8429932
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - New two-story duplex with modern features, ideal for investors.
Where is this duplex located?
The property is located at 8629 Homewood Ln Houston, TX.
What is the asking price?
The asking price for this property is $479,999.
What are key features of this property?
This property features: Brand‑new two‑story duplex in a rapidly growing area near Downtown Houston.; Each unit features 3 bedrooms and 2.5 bathrooms with approximately 1,500 sq ft of modern living space.; No HOA fees.
