Two-Unit Duplex with Open
New
For Sale
$409,900
A-b-251 Calloway St, Houston, TX 77029
New construction pairs two three-bedroom residences with contemporary finishes and front surface parking.
Property Size2,189 SF
Price / SF$187.25
Days on Market7
Property Features for A-b-251 Calloway St
General Information
Standard status
Active
Size
2,189 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,242
Building Details
Buildings
1
Stories
1
Listing Agency:
Nuresi CORP
Listed By:
Chris Grizzaffi
(713) 742-3005
Source:
Exprealty
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 5 at 7:15PM
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, single-story duplex contains two separate 3-bedroom, 2-bath residences totaling 2,189 square feet. One unit measures 1,100 square feet and the other 1,089 square feet. Both feature open layouts, wood-look flooring, quartz counters, stainless steel appliances, and shaker cabinetry. Each primary suite has a private bathroom with dual sinks and a walk-in closet. Surface parking is positioned in front of the building.
The property is in Houston, with access to major thoroughfares, Downtown Houston, the East End, nearby parks, recreation, and community amenities.
The property is in Houston, with access to major thoroughfares, Downtown Houston, the East End, nearby parks, recreation, and community amenities.
Key Highlights
- Two 3‑bedroom, 2‑bath units totaling 2,189 square feet
- Unit sizes are 1,100 square feet and 1,089 square feet
- Single‑story new construction with surface parking in front
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,671
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,420
$573.4K
Cap Rate 7%
$409,586
$409.6K
Cap Rate 9%
$318,567
$318.6K
Market Conditions
NOI Build-Up for 2,189 SF
Gross rent
$43.3K $19.80/SF
− Vacancy
−$2.4K −$1.09/SF
EGI
$41.0K $18.71/SF
− OpEx
−$12.3K −$5.61/SF
NOI
$28.7K $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%
$573,420
Cap Rate 7%
$409,586
Cap Rate 9%
$318,567
Alternative Uses
Best Use
Multifamily LT 5
$409.6K
$358.4K – $477.9K
NOI $28,671 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$354.3K
$310.0K – $413.3K
NOI $24,800 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$562.9K
$492.5K – $656.7K
NOI $39,402 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
Explore this area
Business Placement
Demographics for 77029, TX
17,044
Population
6,386
Households
2.7
Avg Household Size
36
Median Age
9%
College-Educated
62%
High-School Grad
10.6 sq mi
ZIP Area
1,608
Density / Sq Mi
$49,601
Median Household Income
$32,614
Median Earnings
$1,129
Median Rent
$115,400
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 - New construction pairs two three-bedroom residences with contemporary finishes and front surface parking.
Where is this duplex located?
The property is located at A-b-251 Calloway St Houston, TX.
What is the asking price?
The asking price for this property is $409,900.
What are key features of this property?
This property features: Two 3‑bedroom, 2‑bath units totaling 2,189 square feet; Unit sizes are 1,100 square feet and 1,089 square feet; Single‑story new construction with surface parking in front
