Two-Unit
9003 Prairie View Dr A/B, Houston, TX 77088
For Sale
New
$429,000
Both residences are vacant, allowing a new owner to select occupants and establish leasing plans.
Property Size2,491 SF
Days on Market3
Property Features for 9003 Prairie View Dr A/B
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
World Famous Realty
Listed By:
Belinda Hernandez
(832) 584-6237
Source:
Elliman
Added: Nov 12
Last Checked: Nov 12 at 2:28PM
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 World Famous Realty
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.
Built in 2021, this duplex contains two residences. The property is described with a three-bedroom, 2.5-bathroom configuration, and both units are vacant.
The vacant status gives a new owner the opportunity to choose occupants and determine leasing arrangements. The property is in Houston, Texas.
The vacant status gives a new owner the opportunity to choose occupants and determine leasing arrangements. The property is in Houston, Texas.
Key Highlights
- Two‑unit duplex built in 2021
- Both units are vacant
- Three bedrooms and 2.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,626
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$652,520
$652.5K
Cap Rate 7%
$466,086
$466.1K
Cap Rate 9%
$362,511
$362.5K
Market Conditions
NOI Build-Up for 2,491 SF
Gross rent
$49.3K $19.80/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$46.6K $18.71/SF
− OpEx
−$14.0K −$5.61/SF
NOI
$32.6K $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%
$652,520
Cap Rate 7%
$466,086
Cap Rate 9%
$362,511
Alternative Uses
Best Use
Multifamily LT 5
$466.1K
$407.8K – $543.8K
NOI $32,626 @ 7.0% cap · market cap 7.61%
Second Best
Apartment 5plus
$403.2K
$352.8K – $470.4K
NOI $28,221 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$640.5K
$560.5K – $747.3K
NOI $44,838 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
285
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
$173,900
Median Home Value
Market
Average Price Trend$/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 - Both residences are vacant, allowing a new owner to select occupants and establish leasing plans.
Where is this duplex located?
The property is located at 9003 Prairie View Dr A/B Houston, TX.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2021; Both units are vacant; Three bedrooms and 2.5 bathrooms
