Two-Unit Duplex with Open
New
For Sale
$429,999
880 Prosper Street, Houston, TX 77088
Built in 2024, the property offers two three-bedroom residences with private driveway parking.
Property Size2,545 SF
Price / SF$168.96
Days on Market5
Property Features for 880 Prosper Street
General Information
Standard status
Active
Size
2,545 SF
Property subtype
Multi Family Home
Site & Location
Neighborhood
Acres Home
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,898
Building Details
Building Size
2,545 SF
Year Built
2024
Stories
1
Units
2
Listing Agency:
1st Texas Realty Services
(713) 871-1600
Listed By:
Chet Polniazek · License #0318518
(713) 231-1129
Source:
Dorsettdyeassociates
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 4:07PM
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 1st Texas Realty Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2024, this duplex contains 2,545 square feet across two residences. Each unit has three bedrooms, one full bathroom, contemporary finishes, and an open-plan living area. A private driveway provides parking for the property.
The two-unit configuration allows each residence to function independently. The building is located at 880 Prosper Street in Houston, Texas.
The two-unit configuration allows each residence to function independently. The building is located at 880 Prosper Street in Houston, Texas.
Key Highlights
- Two‑unit duplex built in 2024
- 2,545 square feet
- Each unit includes 3 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,334
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$666,680
$666.7K
Cap Rate 7%
$476,200
$476.2K
Cap Rate 9%
$370,378
$370.4K
Market Conditions
NOI Build-Up for 2,545 SF
Gross rent
$50.4K $19.80/SF
− Vacancy
−$2.8K −$1.09/SF
EGI
$47.6K $18.71/SF
− OpEx
−$14.3K −$5.61/SF
NOI
$33.3K $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%
$666,680
Cap Rate 7%
$476,200
Cap Rate 9%
$370,378
Alternative Uses
Best Use
Multifamily LT 5
$476.2K
$416.7K – $555.6K
NOI $33,334 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$411.9K
$360.4K – $480.6K
NOI $28,833 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$654.4K
$572.6K – $763.5K
NOI $45,810 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
635
Businesses Nearby
Explore this area
Business Placement
Demographics for 77088, TX
54,320
Population
18,500
Households
2.9
Avg Household Size
35
Median Age
13%
College-Educated
72%
High-School Grad
11.1 sq mi
ZIP Area
4,894
Density / Sq Mi
$52,549
Median Household Income
$32,015
Median Earnings
$1,177
Median Rent
$173,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Built in 2024, the property offers two three-bedroom residences with private driveway parking.
Where is this duplex located?
The property is located at 880 Prosper Street Houston, TX.
What is the asking price?
The asking price for this property is $429,999.
What are key features of this property?
This property features: Two‑unit duplex built in 2024; 2,545 square feet; Each unit includes 3 bedrooms and 1 full bathroom
