Duplex with Quartz
For Sale
$359,900
9708 Pelsey St, Houston, TX 77029
Planned all-electric duplex with separate driveways, individual utilities, and upgraded interior finishes.
Property Size2,368 SF
Price / SF$151.98
Days on Market91
Property Features for 9708 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
Building Details
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 8:11PM
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 planned duplex is scheduled for completion by October 31, 2026, with 2,368 square feet of property size. The design includes 10-foot walls, quartz countertops, soft-close kitchen drawers, and tiled tub surrounds extending to the ceiling. The building will use an all-electric system with no gas service and will include gutters.
Each side is planned with its own driveway and individual utilities, providing separate access and service arrangements for the two-unit configuration. The property is located at 9708 Pelsey St in Houston, Texas.
Each side is planned with its own driveway and individual utilities, providing separate access and service arrangements for the two-unit configuration. The property is located at 9708 Pelsey St in Houston, Texas.
Key Highlights
- 2,368 square feet of property size
- Construction scheduled for completion by October 31, 2026
- 10‑foot walls with quartz countertops
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 - Planned all-electric duplex with separate driveways, individual utilities, and upgraded interior finishes.
Where is this duplex located?
The property is located at 9708 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: 2,368 square feet of property size; Construction scheduled for completion by October 31, 2026; 10‑foot walls with quartz countertops
