Luxury Duplex Near Hobby
For Sale
$640,000
Pending
8903 Encino Valley Dr AB, Houston, TX 77075
Upscale three-story duplex with great views, under construction near airport.
Property Size2,658 SF
Days on Market332
Property Features for 8903 Encino Valley Dr AB
General Information
Standard status
Pending
Size
2,658 SF
Property subtype
Investment
Site & Location
Neighborhood
Greater Hobby Area
Building Details
Building Size
2,658 SF
Stories
3
Listed By:
Nonmls
(713) 629-1900
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 26
Last Checked: Oct 24 at 7:34PM
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 Nonmls
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.
This gated entry duplex, currently under construction, is located close to Hobby Airport and near Pearland Parkway. The three-story homes offer great views and upscale living. Showings will begin once construction is completed.
Key Highlights
- Gated entry for enhanced security and privacy.
- Luxury duplex with upscale living.
- Three‑story home offering great views.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,814
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$696,280
$696.3K
Cap Rate 7%
$497,343
$497.3K
Cap Rate 9%
$386,822
$386.8K
Market Conditions
NOI Build-Up for 2,658 SF
Gross rent
$52.6K $19.80/SF
− Vacancy
−$2.9K −$1.09/SF
EGI
$49.7K $18.71/SF
− OpEx
−$14.9K −$5.61/SF
NOI
$34.8K $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%
$696,280
Cap Rate 7%
$497,343
Cap Rate 9%
$386,822
Alternative Uses
Best Use
Multifamily LT 5
$497.3K
$435.2K – $580.2K
NOI $34,814 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$430.2K
$376.4K – $501.9K
NOI $30,113 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$683.5K
$598.1K – $797.4K
NOI $47,844 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
Explore this area
Business Placement
Demographics for 77075, TX
38,873
Population
13,267
Households
2.9
Avg Household Size
32
Median Age
16%
College-Educated
70%
High-School Grad
11.2 sq mi
ZIP Area
3,471
Density / Sq Mi
$71,509
Median Household Income
$34,327
Median Earnings
$1,225
Median Rent
$219,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Upscale three-story duplex with great views, under construction near airport.
Where is this duplex located?
The property is located at 8903 Encino Valley Dr AB Houston, TX.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Gated entry for enhanced security and privacy.; Luxury duplex with upscale living.; Three‑story home offering great views.
