Modern Stacked
New
For Sale
$385,000
A-b-409 Calloway St, Houston, TX 77029
Two residences offer open layouts, private primary suites, and gated off-street parking.
Property Size2,000 SF
Price / SF$192.50
Days on Market7
Property Features for A-b-409 Calloway St
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$8,919
Listing Agency:
Nuresi CORP
Listed By:
Chris Grizzaffi
(713) 742-3005
Source:
Exprealty
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 5 at 10:43PM
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.
Built in 2025, this stacked duplex contains two residences of approximately 1,000 SF each. Both have three bedrooms, two bathrooms, open-concept living areas, wood-look flooring, quartz countertops, stainless steel appliances, and shaker-style cabinetry. Each primary suite includes a private bathroom and walk-in closet. A manual driveway gate provides access to off-street surface parking. One residence is leased.
Key Highlights
- Built in 2025
- Two residences, each approximately 1,000 SF with 3 bedrooms and 2 baths
- One residence is currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,195
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,900
$523.9K
Cap Rate 7%
$374,214
$374.2K
Cap Rate 9%
$291,056
$291.1K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$39.6K $19.80/SF
− Vacancy
−$2.2K −$1.09/SF
EGI
$37.4K $18.71/SF
− OpEx
−$11.2K −$5.61/SF
NOI
$26.2K $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%
$523,900
Cap Rate 7%
$374,214
Cap Rate 9%
$291,056
Alternative Uses
Best Use
Multifamily LT 5
$374.2K
$327.4K – $436.6K
NOI $26,195 @ 7.0% cap · market cap 6.80%
Second Best
Apartment 5plus
$323.7K
$283.2K – $377.6K
NOI $22,658 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$514.3K
$450.0K – $600.0K
NOI $36,000 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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 - Two residences offer open layouts, private primary suites, and gated off-street parking.
Where is this duplex located?
The property is located at A-b-409 Calloway St Houston, TX.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Built in 2025; Two residences, each approximately 1,000 SF with 3 bedrooms and 2 baths; One residence is currently leased
