2-Unit Duplex with Private
New
For Sale
$389,000
915 Pinckney Street, Houston, TX 77009
Both residences offer separate utility meters, gated parking, and in-unit laundry.
Property Size1,662 SF
Days on Market4
Property Features for 915 Pinckney Street
General Information
Standard status
Active
Size
1,662 SF
Property subtype
Multi Family,Duplex
Occupancy
100%
Site & Location
Neighborhood
Near Northside
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Additional Details
Gross Income
$36,000
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$7,927
Amenities
private yards
gated parking
in-unit washer/dryer
modern appliances
energy-efficient solar panels
Building Details
Building Size
1,662 SF
Year Built
2002
Listing Agency:
LPT Realty, LLC
Listed By:
Adewale Lawal · License #0736740
(832) 776-9582
Source:
Mpowerrealtygroup
Added: Nov 1
Last Checked: Nov 3 at 1:12PM
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 LPT Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 2002, this Houston duplex contains two separately metered residences, each with two bedrooms, one bathroom, and approximately 830 square feet. Each unit has a private yard, in-unit washer and dryer, and modern appliances. Gated parking serves the property, and solar panels are installed. Improvements include a 2024 roof, newer HVAC, and updated plumbing and electrical systems, along with recent renovations.
The property is on Pinckney Street near Downtown Houston. Tenants pay their own utilities, and the property has no HOA. Both units are occupied.
The property is on Pinckney Street near Downtown Houston. Tenants pay their own utilities, and the property has no HOA. Both units are occupied.
Key Highlights
- Two units, each with 2 bedrooms, 1 bathroom, and approximately 830 SF
- Separately metered residences; tenants pay their own utilities
- Private yards and gated parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,768
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,360
$435.4K
Cap Rate 7%
$310,971
$311.0K
Cap Rate 9%
$241,867
$241.9K
Market Conditions
NOI Build-Up for 1,662 SF
Gross rent
$32.9K $19.80/SF
− Vacancy
−$1.8K −$1.09/SF
EGI
$31.1K $18.71/SF
− OpEx
−$9.3K −$5.61/SF
NOI
$21.8K $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%
$435,360
Cap Rate 7%
$310,971
Cap Rate 9%
$241,867
Alternative Uses
Best Use
Multifamily LT 5
$311.0K
$272.1K – $362.8K
NOI $21,768 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$269.0K
$235.4K – $313.8K
NOI $18,829 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$427.4K
$374.0K – $498.6K
NOI $29,916 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
964
Businesses Nearby
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Business Placement
Demographics for 77009, TX
36,425
Population
17,890
Households
2
Avg Household Size
37
Median Age
39%
College-Educated
78%
High-School Grad
6.2 sq mi
ZIP Area
5,875
Density / Sq Mi
$81,921
Median Household Income
$49,446
Median Earnings
$1,229
Median Rent
$403,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer separate utility meters, gated parking, and in-unit laundry.
Where is this duplex located?
The property is located at 915 Pinckney Street Houston, TX.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms, 1 bathroom, and approximately 830 SF; Separately metered residences; tenants pay their own utilities; Private yards and gated parking
