New Two-Unit
For Sale
$395,000
9721 Turnbow St, Houston, TX 77029
Both residences include three bedrooms, two full bathrooms, and open interior layouts.
Property Size2,280 SF
Price / SF$173.25
Days on Market11
Property Features for 9721 Turnbow St
General Information
Standard status
Active
Size
2,280 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Clinton Park Tri-Community
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Buildings
1
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
Ranika Prince-Gilliam
(832) 339-0709
Source:
Exprealty
Added: Oct 23
Changed: Nov 1
Last Checked: Nov 1 at 11:09AM
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 LPT Realty, LLC
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Investment Insights
Based on property information with market context.
Completed as a new duplex, the property contains two residences with open layouts. Each residence has three bedrooms and two full bathrooms, with natural light noted as a feature. The property measures 2,280 square feet and is located in Houston.
Key Highlights
- Two‑unit duplex at 9721 Turnbow St, Houston, TX
- 2,280 square feet
- Each unit has 3 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,863
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,260
$597.3K
Cap Rate 7%
$426,614
$426.6K
Cap Rate 9%
$331,811
$331.8K
Market Conditions
NOI Build-Up for 2,280 SF
Gross rent
$45.1K $19.80/SF
− Vacancy
−$2.5K −$1.09/SF
EGI
$42.7K $18.71/SF
− OpEx
−$12.8K −$5.61/SF
NOI
$29.9K $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%
$597,260
Cap Rate 7%
$426,614
Cap Rate 9%
$331,811
Alternative Uses
Best Use
Multifamily LT 5
$426.6K
$373.3K – $497.7K
NOI $29,863 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$369.0K
$322.9K – $430.5K
NOI $25,830 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$586.3K
$513.0K – $684.0K
NOI $41,040 @ 7.0% cap · market cap 10.39%
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
162
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 - Both residences include three bedrooms, two full bathrooms, and open interior layouts.
Where is this duplex located?
The property is located at 9721 Turnbow St Houston, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two‑unit duplex at 9721 Turnbow St, Houston, TX; 2,280 square feet; Each unit has 3 bedrooms and 2 full bathrooms
