New-Construction Duplex with Modern
For Sale
$359,900
9706 Pelsey St, Houston, TX 77029
Two-unit property with all-electric systems, private driveways, separate utilities, and contemporary interior finishes.
Property Size2,368 SF
Price / SF$151.98
Days on Market92
Property Features for 9706 Pelsey St
General Information
Standard status
Active
Size
2,368 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Clinton Park Tri-Community
Additional Details
Multifamily Units
2
Amenities
10ft walls
quartz countertop
kitchen drawers soft close
tile from tub to ceiling
no gas
all electric
gutters
individual driveways
utilities
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Vive Realty LLC
(713) 637-4150
Listed By:
Larry Reyes
(832) 293-3113
Source:
Exprealty
Added: Jul 27
Changed: Oct 13
Last Checked: Oct 24 at 9:56PM
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 Vive Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex is scheduled for completion by October 31, 2026, with 2,368 square feet of property size. The planned design includes 10-foot walls, quartz countertops, soft-close kitchen drawers, and tile extending from the tub to the ceiling. The property will use all-electric systems and include gutters, individual driveways, and individual utilities.
Located at 9706 Pelsey St in Houston, Texas, the property is designed as a two-unit residential asset with separate driveways and utilities. Its contemporary finish package and new construction status provide a clearly defined physical profile for future occupancy or ownership.
Located at 9706 Pelsey St in Houston, Texas, the property is designed as a two-unit residential asset with separate driveways and utilities. Its contemporary finish package and new construction status provide a clearly defined physical profile for future occupancy or ownership.
Key Highlights
- Construction scheduled for completion by October 31, 2026
- 2,368 square feet of property size
- 10‑foot walls and contemporary interior design
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,015
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,300
$620.3K
Cap Rate 7%
$443,071
$443.1K
Cap Rate 9%
$344,611
$344.6K
Market Conditions
NOI Build-Up for 2,368 SF
Gross rent
$46.9K $19.80/SF
− Vacancy
−$2.6K −$1.09/SF
EGI
$44.3K $18.71/SF
− OpEx
−$13.3K −$5.61/SF
NOI
$31.0K $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%
$620,300
Cap Rate 7%
$443,071
Cap Rate 9%
$344,611
Alternative Uses
Best Use
Multifamily LT 5
$443.1K
$387.7K – $516.9K
NOI $31,015 @ 7.0% cap · market cap 8.62%
Second Best
Apartment 5plus
$383.2K
$335.3K – $447.1K
NOI $26,827 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$608.9K
$532.8K – $710.4K
NOI $42,624 @ 7.0% cap · market cap 11.84%
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
179
Businesses Nearby
Explore this area
Business Placement
Demographics for 77029, TX
17,044
Population
6,386
Households
2.7
Avg Household Size
36
Median Age
9%
College-Educated
62%
High-School Grad
10.6 sq mi
ZIP Area
1,608
Density / Sq Mi
$49,601
Median Household Income
$32,614
Median Earnings
$1,129
Median Rent
$115,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with all-electric systems, private driveways, separate utilities, and contemporary interior finishes.
Where is this duplex located?
The property is located at 9706 Pelsey St Houston, TX.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Construction scheduled for completion by October 31, 2026; 2,368 square feet of property size; 10‑foot walls and contemporary interior design
