Newly Built Duplex With Modern
For Sale
$539,900
A-b-5317 Nielan St, Houston, TX 77028
Three-bedroom layout includes stainless-steel appliances and a powder room.
Property Size3,246 SF
Price / SF$166.33
Days on Market54
Property Features for A-b-5317 Nielan St
General Information
Standard status
Active
Size
3,246 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Settegast
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$331
Building Details
Year Built
2026
Construction
contemporary
Listing Agency:
Compass RE Texas, LLC - Houston
(832) 899-4788
Listed By:
Saheed Jimoh · License #541645
(713) 409-4250
Source:
Exprealty
Added: Sep 14
Changed: Nov 3
Last Checked: Nov 4 at 6:10PM
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 Compass RE Texas, LLC - Houston
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Investment Insights
Based on property information with market context.
Completed in 2026, this duplex offers 3,246 square feet arranged around three bedrooms, two full bathrooms, and an additional powder room. The interior combines durable flooring with a contemporary kitchen equipped with stainless-steel appliances. Generous living and dining areas provide connected spaces for daily use and hosting.
Located at A-b-5317 Nielan St in Houston, Texas, the property presents a recently completed residential income asset with a modern interior finish package. Its bedroom and bath configuration, combined with the separate living, dining, and kitchen areas, creates a functional layout for residential occupancy.
Located at A-b-5317 Nielan St in Houston, Texas, the property presents a recently completed residential income asset with a modern interior finish package. Its bedroom and bath configuration, combined with the separate living, dining, and kitchen areas, creates a functional layout for residential occupancy.
Key Highlights
- Completed in 2026
- 3,246 square feet of interior space
- Three bedrooms, two full baths, and a powder room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,515
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$850,300
$850.3K
Cap Rate 7%
$607,357
$607.4K
Cap Rate 9%
$472,389
$472.4K
Market Conditions
NOI Build-Up for 3,246 SF
Gross rent
$64.3K $19.80/SF
− Vacancy
−$3.5K −$1.09/SF
EGI
$60.7K $18.71/SF
− OpEx
−$18.2K −$5.61/SF
NOI
$42.5K $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%
$850,300
Cap Rate 7%
$607,357
Cap Rate 9%
$472,389
Alternative Uses
Best Use
Multifamily LT 5
$607.4K
$531.4K – $708.6K
NOI $42,515 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$525.3K
$459.7K – $612.9K
NOI $36,774 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$834.7K
$730.4K – $973.8K
NOI $58,428 @ 7.0% cap · market cap 10.82%
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
206
Businesses Nearby
Explore this area
Business Placement
Demographics for 77028, TX
18,701
Population
7,102
Households
2.6
Avg Household Size
35
Median Age
8%
College-Educated
69%
High-School Grad
9.1 sq mi
ZIP Area
2,055
Density / Sq Mi
$36,244
Median Household Income
$28,099
Median Earnings
$1,115
Median Rent
$108,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Three-bedroom layout includes stainless-steel appliances and a powder room.
Where is this duplex located?
The property is located at A-b-5317 Nielan St Houston, TX.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: Completed in 2026; 3,246 square feet of interior space; Three bedrooms, two full baths, and a powder room
