Two-Unit Duplex with Island
For Sale
$498,000
A-b-2025 Oak Forest Dr, Houston, TX 77018
The planned residences offer modern finishes, appliance packages, and a gated community setting with shared green space.
Property Size2,006 SF
Price / SF$248.26
Days on Market9
Property Features for A-b-2025 Oak Forest Dr
General Information
Standard status
Active
Size
2,006 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
gated community
green space
backyard
Building Details
Buildings
1
Listing Agency:
Walzel Properties - Corporate Office
(832) 674-4960
Listed By:
Tina Vu
(832) 732-9772
Source:
Exprealty
Added: Oct 9
Changed: Oct 16
Last Checked: Oct 16 at 2:28PM
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 Walzel Properties - Corporate Office
Ask AI about this property
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 under construction and contains two residences: one with 2 bedrooms and 2 bathrooms, and another with 1 bedroom and 1 bathroom. Both feature island kitchens, quartz counters, plank flooring, ceiling fans, and 10-foot ceilings. Subway and hex tile are specified for the bathrooms, and the interiors have no carpet. Appliance packages and window blinds are included. Garage access, covered parking, and a backyard are also part of the property.
The property is in Houston’s Independent Heights area, near Garden Oaks. Shopping, restaurants, everyday services, and nightlife are described as nearby, with downtown Houston accessible by a short drive. The community is gated and includes green space.
The property is in Houston’s Independent Heights area, near Garden Oaks. Shopping, restaurants, everyday services, and nightlife are described as nearby, with downtown Houston accessible by a short drive. The community is gated and includes green space.
Key Highlights
- Duplex with one 2‑bedroom, 2‑bathroom residence and one 1‑bedroom, 1‑bathroom residence
- Under construction with 10‑foot ceilings
- Island kitchens with quartz counters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,274
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,480
$525.5K
Cap Rate 7%
$375,343
$375.3K
Cap Rate 9%
$291,933
$291.9K
Market Conditions
NOI Build-Up for 2,006 SF
Gross rent
$39.7K $19.80/SF
− Vacancy
−$2.2K −$1.09/SF
EGI
$37.5K $18.71/SF
− OpEx
−$11.3K −$5.61/SF
NOI
$26.3K $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%
$525,480
Cap Rate 7%
$375,343
Cap Rate 9%
$291,933
Alternative Uses
Best Use
Multifamily LT 5
$375.3K
$328.4K – $437.9K
NOI $26,274 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$324.7K
$284.1K – $378.8K
NOI $22,726 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$515.8K
$451.4K – $601.8K
NOI $36,108 @ 7.0% cap · market cap 7.25%
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
2,431
Businesses Nearby
Explore this area
Business Placement
Demographics for 77018, TX
27,870
Population
13,335
Households
2.1
Avg Household Size
38
Median Age
60%
College-Educated
92%
High-School Grad
6.8 sq mi
ZIP Area
4,099
Density / Sq Mi
$121,658
Median Household Income
$75,487
Median Earnings
$1,256
Median Rent
$543,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The planned residences offer modern finishes, appliance packages, and a gated community setting with shared green space.
Where is this duplex located?
The property is located at A-b-2025 Oak Forest Dr Houston, TX.
What is the asking price?
The asking price for this property is $498,000.
What are key features of this property?
This property features: Duplex with one 2‑bedroom, 2‑bathroom residence and one 1‑bedroom, 1‑bathroom residence; Under construction with 10‑foot ceilings; Island kitchens with quartz counters
