Two-Unit
For Sale
$498,999
9315 Ashville Drive # B Unit A B, Houston, TX 77051
Each residence has three bedrooms, three full bathrooms, and an open-concept layout.
Property Size2,648 SF
Price / SF$188.44
Days on Market16
Property Features for 9315 Ashville Drive # B Unit A B
General Information
Standard status
Active
Size
2,648 SF
Property subtype
Multi Family,Duplex
Site & Location
Neighborhood
Sunnyside
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$10,547
Building Details
Building Size
2,648 SF
Year Built
2024
Listing Agency:
eXp Realty LLC
Listed By:
Michan Murray · License #588132
(713) 725-9865
Source:
Legendlivingrealestate
Added: Oct 15
Changed: Oct 26
Last Checked: Oct 26 at 3:13PM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
Completed in 2024, this duplex contains two residences totaling 2,648 square feet. Each unit offers three bedrooms, three full bathrooms, an open-concept floor plan, and a kitchen with contemporary finishes. One residence is leased; the other is available.
The property is in Houston’s Sunnyside community, with Downtown Houston, the Texas Medical Center, the University of Houston, and major highways identified as nearby destinations.
The property is in Houston’s Sunnyside community, with Downtown Houston, the Texas Medical Center, the University of Houston, and major highways identified as nearby destinations.
Key Highlights
- Two residences, each with 3 bedrooms and 3 full bathrooms
- 2,648 square feet total
- Built in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,683
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$693,660
$693.7K
Cap Rate 7%
$495,471
$495.5K
Cap Rate 9%
$385,367
$385.4K
Market Conditions
NOI Build-Up for 2,648 SF
Gross rent
$52.4K $19.80/SF
− Vacancy
−$2.9K −$1.09/SF
EGI
$49.5K $18.71/SF
− OpEx
−$14.9K −$5.61/SF
NOI
$34.7K $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%
$693,660
Cap Rate 7%
$495,471
Cap Rate 9%
$385,367
Alternative Uses
Best Use
Multifamily LT 5
$495.5K
$433.5K – $578.1K
NOI $34,683 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$428.6K
$375.0K – $500.0K
NOI $30,000 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$680.9K
$595.8K – $794.4K
NOI $47,664 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
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Business Placement
Demographics for 77051, TX
18,323
Population
7,453
Households
2.5
Avg Household Size
34
Median Age
15%
College-Educated
78%
High-School Grad
7.4 sq mi
ZIP Area
2,476
Density / Sq Mi
$40,030
Median Household Income
$31,914
Median Earnings
$1,332
Median Rent
$171,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, three full bathrooms, and an open-concept layout.
Where is this duplex located?
The property is located at 9315 Ashville Drive # B Unit A B Houston, TX.
What is the asking price?
The asking price for this property is $498,999.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 3 full bathrooms; 2,648 square feet total; Built in 2024
