Modern One-Story
987 Glen Ave A/B Houston, TX 77088
987 Glen Ave A/B, Houston, TX, 77088
$464,900
Pending
For Sale
$464,900
Pending
New-construction, gated duplex built in 2026, offering two 3-bedroom, 2-bath units with oversized backyards.
Property Size2,568 SF
Lot Size0.23 Acres
Days on Market73
Property Features for 987 Glen Ave A/B
General Information
- Standard status
- Pending
- Size
- 2,568 SF
- Lot size
- 0.23 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 2026
Listing agency
(832) 884-9616
Listed by
Jackie Carter · License #0649814
(832) 884-9616
Source
Elliman
Added: May 10 Updated: Jul 20 at 7:59PM Checked: Jul 21 at 5:42AM
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 Jackie Carter
Investment Insights
Based on property information with market context.
Welcome to 987 Glen Ave A/B, a modernized, gated, new-construction one-story duplex built in 2026. The property includes two separate sides, each with 3 bedrooms and 2 bathrooms, and each side offers 1,284 square feet of living space, for a total of 2,568 square feet across the duplex. Set on a large 9,900 square foot lot, the home features an oversized backyard.
The address is in Houston, TX 77088, with walk and transit scores indicating a more car-dependent setting, while bikeability is rated as somewhat bikeable.
For a practical layout, the asset is configured as a side-by-side duplex, giving each unit its own three-bedroom, two-bath floorplan within the one-story overall design.
The address is in Houston, TX 77088, with walk and transit scores indicating a more car-dependent setting, while bikeability is rated as somewhat bikeable.
For a practical layout, the asset is configured as a side-by-side duplex, giving each unit its own three-bedroom, two-bath floorplan within the one-story overall design.
Key Highlights
- New construction 2026 one‑story gated duplex at 987 Glen Ave
- Two units with identical layouts: 3 bedrooms and 2 bathrooms on each side
- Total living area 2,568 SF (1,284 SF per unit)
Local 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 | $50.8k | $19.80 |
| − Vacancy | −$2.8k | −$1.09 |
| EGI | $48.0k | $18.71 |
| − OpEx | −$14.4k | −$5.61 |
| NOI | $33.6k | $13.10 |
2,568 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$480.5K
$420.4K – $560.6K
NOI $33,635 @ 7.0% cap · market cap 7.23%
Second Best
Apartment 5plus
$415.6K
$363.7K – $484.9K
NOI $29,093 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$660.3K
$577.8K – $770.4K
NOI $46,224 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - New-construction, gated duplex built in 2026, offering two 3-bedroom, 2-bath units with oversized backyards.
Where is this duplex located?
The property is located at 987 Glen Ave A/B Houston, TX.
What is the asking price?
The asking price for this property is $464,900.
What are key features of this property?
This property features: New construction 2026 one‑story gated duplex at 987 Glen Ave; Two units with identical layouts: 3 bedrooms and 2 bathrooms on each side; Total living area 2,568 SF (1,284 SF per unit)
