Three-Story New Construction
For Sale
$665,000
A-b-1405 Gregg St, Houston, TX 77020
Both residences include private bedroom suites, dedicated studies, and attached one-car garages.
Property Size3,518 SF
Price / SF$189.03
Days on Market15
Property Features for A-b-1405 Gregg St
General Information
Standard status
Active
Size
3,518 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/3.5BA
Multifamily Units
2
Parking per Unit
1
Building Details
Stories
3
Listing Agency:
Nuresi CORP
Listed By:
Chris Grizzaffi
(713) 742-3005
Source:
Exprealty
Added: Sep 30
Changed: Oct 10
Last Checked: Oct 12 at 10:46PM
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 Nuresi CORP
Investment Insights
Based on property information with market context.
This newly built duplex contains two three-level residences totaling 3,518 SF. Unit A measures 1,751 SF and Unit B 1,767 SF; each has three bedrooms, 3.5 baths, and an attached one-car garage. A ground-level bedroom has its own bathroom. The next floor brings together the kitchen, dining, and living areas with a separate study. On the upper level, each home has a primary suite with a walk-in closet, another bedroom with a private bath, and a utility room. Interior finishes include quartz counters, stainless appliances, shaker cabinetry, and wood-look flooring.
The property is near Houston’s East End, with access to Downtown, major thoroughfares, restaurants, and entertainment venues.
The property is near Houston’s East End, with access to Downtown, major thoroughfares, restaurants, and entertainment venues.
Key Highlights
- Two residences total 3,518 SF: Unit A is 1,751 SF and Unit B is 1,767 SF
- Each home has 3 bedrooms, 3.5 baths, and an attached 1‑car garage
- Three‑story layout includes a ground‑floor bedroom suite and an upper‑level primary suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,078
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$921,560
$921.6K
Cap Rate 7%
$658,257
$658.3K
Cap Rate 9%
$511,978
$512.0K
Market Conditions
NOI Build-Up for 3,518 SF
Gross rent
$69.7K $19.80/SF
− Vacancy
−$3.8K −$1.09/SF
EGI
$65.8K $18.71/SF
− OpEx
−$19.7K −$5.61/SF
NOI
$46.1K $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%
$921,560
Cap Rate 7%
$658,257
Cap Rate 9%
$511,978
Alternative Uses
Best Use
Multifamily LT 5
$658.3K
$576.0K – $768.0K
NOI $46,078 @ 7.0% cap · market cap 6.93%
Second Best
Apartment 5plus
$569.4K
$498.2K – $664.3K
NOI $39,856 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$904.6K
$791.6K – $1.06M
NOI $63,324 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Explore this area
Business Placement
Demographics for 77020, TX
24,846
Population
10,054
Households
2.5
Avg Household Size
35
Median Age
13%
College-Educated
65%
High-School Grad
7.8 sq mi
ZIP Area
3,185
Density / Sq Mi
$49,481
Median Household Income
$32,573
Median Earnings
$942
Median Rent
$133,600
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 - Both residences include private bedroom suites, dedicated studies, and attached one-car garages.
Where is this duplex located?
The property is located at A-b-1405 Gregg St Houston, TX.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: Two residences total 3,518 SF: Unit A is 1,751 SF and Unit B is 1,767 SF; Each home has 3 bedrooms, 3.5 baths, and an attached 1‑car garage; Three‑story layout includes a ground‑floor bedroom suite and an upper‑level primary suite
