Recently Renovated
For Sale
$239,900
9335 Lomax Street, Houston, TX 77093
Both residences have updated interiors and are presently leased to occupants.
Property Size1,824 SF
Price / SF$131.52
Days on Market186
Property Features for 9335 Lomax Street
General Information
Standard status
Active
Size
1,824 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Neighborhood
Eastex - Jensen Area
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,346
Amenities
2
Yes
4
Appraiser
Subdivision
No
Public
9300
0.2135
Attached,Garage
Slab
1824
Building Details
Building Size
1,824 SF
Year Built
2012
Stories
2
Listing Agency:
Town & Country Realty Mortgage
(713) 461-6800
Listed By:
Brandon Warren
(832) 368-8659
Source:
Garygreene
Added: Apr 23
Changed: Oct 25
Last Checked: Oct 24 at 3:15PM
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 Town & Country Realty Mortgage
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Investment Insights
Based on property information with market context.
This two-unit residential income property contains 1,824 square feet and was built in 2012. Each residence has undergone recent remodeling, providing an updated configuration across the duplex.
Both units are currently leased and occupied, offering an existing income-producing setup at the property. The duplex is located at 9335 Lomax St in Houston, Texas, within the 77093 ZIP code.
Both units are currently leased and occupied, offering an existing income-producing setup at the property. The duplex is located at 9335 Lomax St in Houston, Texas, within the 77093 ZIP code.
Key Highlights
- Two‑unit duplex with 1,824 square feet
- Both units recently remodeled
- Both residences currently leased and occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,664
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,280
$413.3K
Cap Rate 7%
$295,200
$295.2K
Cap Rate 9%
$229,600
$229.6K
Market Conditions
NOI Build-Up for 1,824 SF
Gross rent
$40.1K $21.96/SF
− Vacancy
−$2.5K −$1.36/SF
EGI
$37.6K $20.60/SF
− OpEx
−$16.9K −$9.27/SF
NOI
$20.7K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,280
Cap Rate 7%
$295,200
Cap Rate 9%
$229,600
Alternative Uses
Best Use
Multifamily LT 5
$341.3K
$298.6K – $398.2K
NOI $23,890 @ 7.0% cap · market cap 9.96%
Second Best
Apartment 5plus
$295.2K
$258.3K – $344.4K
NOI $20,664 @ 7.0% cap · market cap 8.61%
Theoretical Best
Office A
$469.0K
$410.4K – $547.2K
NOI $32,832 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
Explore this area
Business Placement
Demographics for 77093, TX
47,736
Population
14,671
Households
3.3
Avg Household Size
31
Median Age
5%
College-Educated
51%
High-School Grad
12.0 sq mi
ZIP Area
3,978
Density / Sq Mi
$41,958
Median Household Income
$28,493
Median Earnings
$1,102
Median Rent
$122,400
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 - Both residences have updated interiors and are presently leased to occupants.
Where is this duplex located?
The property is located at 9335 Lomax Street Houston, TX.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,824 square feet; Both units recently remodeled; Both residences currently leased and occupied
