Duplex with Mixed Unit
For Sale
$498,000
A-b-2037 Oak Forest Dr, Houston, TX 77018
The gated community includes green space, garage parking, and covered parking.
Property Size2,006 SF
Price / SF$248.26
Days on Market17
Property Features for A-b-2037 Oak Forest Dr
General Information
Standard status
Active
Size
2,006 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Central Northwest
Units
Unit Mix
1 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
backyard
gated community
green space
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 23
Last Checked: Oct 24 at 10:51PM
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
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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 2,006-square-foot duplex is under construction and contains two units: one with 2 bedrooms and 2 bathrooms, and another with 1 bedroom and 1 bathroom. The property includes a garage, covered parking, and a backyard. Interior features include 10-foot ceilings, island kitchens, ceiling fans, plank flooring, and quartz counters, along with subway and hex tile in the bathrooms. Appliances and blinds are included, and the garage has a remote opener.
The property is on Oak Forest Drive in Houston, within a gated community with green space. The address provided is A-b-2037 Oak Forest Dr, Houston, TX 77018.
The property is on Oak Forest Drive in Houston, within a gated community with green space. The address provided is A-b-2037 Oak Forest Dr, Houston, TX 77018.
Key Highlights
- Two‑unit duplex totaling 2,006 square feet
- Unit mix: one 2 bed/2 bath unit and one 1 bed/1 bath unit
- Under construction
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
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 gated community includes green space, garage parking, and covered parking.
Where is this duplex located?
The property is located at A-b-2037 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: Two‑unit duplex totaling 2,006 square feet; Unit mix: one 2 bed/2 bath unit and one 1 bed/1 bath unit; Under construction
