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968 South Lane #A/B, Houston, TX 77088
Two three-bedroom residences feature modern finishes, flexible occupancy options, and no HOA restrictions.
Property Size2,560 SF
Price / SF$169.92
Days on Market9
Property Features for 968 South Lane #A/B
General Information
Standard status
Active
Size
2,560 SF
Class
B
Property subtype
Multifamily
Zoning
Residential (Multifamily)
Investment Type
Value Add
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
2026
Buildings
1
Stories
2
Units
2
Listing Agency:
NetWorth Builders
Listed By:
ADEWALE LAWAL · License #TX 736740
Source:
Crexi
Added: Jul 28
Changed: Aug 4
Last Checked: Aug 4 at 5:48AM
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 NetWorth Builders
Investment Insights
Based on property information with market context.
This 2,560-square-foot duplex, built in 2026, contains two residences with three bedrooms and two baths on each side. The interiors include an open kitchen with quartz countertops, an oversized living area, black fixtures, neutral finishes, and waterproof wood-look vinyl plank flooring. Each residence also includes a primary suite and abundant lighting. A StrucSure 1-2-10 builder warranty is included, and the property carries Residential (Multifamily) zoning.
The property is located in Houston near 249, Beltway 8, 290, hospitals, and shopping. No HOA restrictions provide flexibility for occupancy and leasing arrangements, including living in one side while using the other for rental purposes or operating both sides as rentals.
The property is located in Houston near 249, Beltway 8, 290, hospitals, and shopping. No HOA restrictions provide flexibility for occupancy and leasing arrangements, including living in one side while using the other for rental purposes or operating both sides as rentals.
Key Highlights
- 2,560 SF duplex built in 2026
- Two 3‑bedroom, 2‑bath residences
- Residential (Multifamily) zoning
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.7k | $19.80 |
| − Vacancy | −$2.8k | −$1.09 |
| EGI | $47.9k | $18.71 |
| − OpEx | −$14.4k | −$5.61 |
| NOI | $33.5k | $13.10 |
2,560 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$479.0K
$419.1K – $558.8K
NOI $33,530 @ 7.0% cap · market cap 7.71%
Second Best
Apartment 5plus
$414.3K
$362.5K – $483.4K
NOI $29,003 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$658.3K
$576.0K – $768.0K
NOI $46,080 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
321
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
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences feature modern finishes, flexible occupancy options, and no HOA restrictions.
Where is this duplex located?
The property is located at 968 South Lane #A/B Houston, TX.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 2,560 SF duplex built in 2026; Two 3‑bedroom, 2‑bath residences; Residential (Multifamily) zoning
