Two-Unit Duplex with Modern
New
For Sale
$1,149,000
A-b-2317 Cleburne St, Houston, TX 77004
Both residences span two stories and include separate living, dining, kitchen, and utility areas.
Property Size4,218 SF
Price / SF$272.40
Days on Market7
Property Features for A-b-2317 Cleburne St
General Information
Standard status
Active
Size
4,218 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 6BR/5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,999
Building Details
Buildings
1
Stories
2
Listing Agency:
Nuresi CORP
Listed By:
Chris Grizzaffi
(713) 742-3005
Source:
Exprealty
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 5 at 8:50PM
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 new-construction duplex comprises two residences: Unit A measures 2,104 SF and Unit B measures 2,114 SF. Each has six bedrooms and five bathrooms across two stories, with two bedrooms on the ground floor and four upstairs. Living and dining areas, a kitchen, and utility space complete each layout. Finishes include quartz counters, shaker cabinets, black fixtures, and tile accents. Completion is expected in November.
The property is near the University of Houston, Texas Southern University, and Downtown Houston.
The property is near the University of Houston, Texas Southern University, and Downtown Houston.
Key Highlights
- Two residences measuring 2,104 SF and 2,114 SF
- Each unit has 6 bedrooms and 5 baths across two stories
- Two first‑floor bedrooms and four upstairs in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,246
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,104,920
$1.1M
Cap Rate 7%
$789,229
$789.2K
Cap Rate 9%
$613,844
$613.8K
Market Conditions
NOI Build-Up for 4,218 SF
Gross rent
$83.5K $19.80/SF
− Vacancy
−$4.6K −$1.09/SF
EGI
$78.9K $18.71/SF
− OpEx
−$23.7K −$5.61/SF
NOI
$55.2K $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%
$1,104,920
Cap Rate 7%
$789,229
Cap Rate 9%
$613,844
Alternative Uses
Best Use
Multifamily LT 5
$789.2K
$690.6K – $920.8K
NOI $55,246 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$682.7K
$597.3K – $796.4K
NOI $47,786 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$1.08M
$949.1K – $1.27M
NOI $75,924 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,956
Businesses Nearby
Explore this area
Business Placement
Demographics for 77004, TX
37,005
Population
18,321
Households
2
Avg Household Size
31
Median Age
57%
College-Educated
96%
High-School Grad
5.2 sq mi
ZIP Area
7,116
Density / Sq Mi
$65,901
Median Household Income
$55,909
Median Earnings
$1,320
Median Rent
$384,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Both residences span two stories and include separate living, dining, kitchen, and utility areas.
Where is this duplex located?
The property is located at A-b-2317 Cleburne St Houston, TX.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: Two residences measuring 2,104 SF and 2,114 SF; Each unit has 6 bedrooms and 5 baths across two stories; Two first‑floor bedrooms and four upstairs in each unit
