Two-Unit Duplex with Private
For Sale
$350,000
A-b-6602 Tamar Dr, Pasadena, TX 77503
Both residences include two bedrooms, two bathrooms, and separate outdoor space.
Property Size2,430 SF
Price / SF$144.03
Days on Market154
Property Features for A-b-6602 Tamar Dr
General Information
Standard status
Active
Size
2,430 SF
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$6,092
Listing Agency:
Nan & Company Properties-Galveston Office
(713) 714-6454
Listed By:
Martina Tomey
(713) 824-4700
Source:
Exprealty
Added: May 17
Changed: Oct 8
Last Checked: Oct 16 at 10:01AM
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 Nan & Company Properties-Galveston 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 duplex contains 2,430 square feet and is arranged as two residences. Each side provides two bedrooms, two bathrooms, a private backyard, and dedicated parking. Long-term tenants are already in place, and the property has no HOA.
The property is located near San Jacinto College and UHCL, with access to Beltway 8 and a short commute to the Port of Houston. The source information also identifies the property as never flooded and notes a low tax rate.
The property is located near San Jacinto College and UHCL, with access to Beltway 8 and a short commute to the Port of Houston. The source information also identifies the property as never flooded and notes a low tax rate.
Key Highlights
- Two‑unit duplex totaling 2,430 square feet
- Each residence has 2 bedrooms and 2 bathrooms
- Separate private backyards for both sides
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,674
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,480
$553.5K
Cap Rate 7%
$395,343
$395.3K
Cap Rate 9%
$307,489
$307.5K
Market Conditions
NOI Build-Up for 2,430 SF
Gross rent
$42.3K $17.40/SF
− Vacancy
−$2.7K −$1.13/SF
EGI
$39.5K $16.27/SF
− OpEx
−$11.9K −$4.88/SF
NOI
$27.7K $11.39/SF
Area
Pasadena, TX
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,480
Cap Rate 7%
$395,343
Cap Rate 9%
$307,489
Alternative Uses
Best Use
Multifamily LT 5
$395.3K
$345.9K – $461.2K
NOI $27,674 @ 7.0% cap · market cap 7.91%
Second Best
Apartment 5plus
$355.4K
$310.9K – $414.6K
NOI $24,875 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$801.9K
$701.7K – $935.6K
NOI $56,135 @ 7.0% cap · market cap 16.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
554
Businesses Nearby
Explore this area
Business Placement
Demographics for 77503, TX
24,956
Population
8,980
Households
2.8
Avg Household Size
33
Median Age
10%
College-Educated
70%
High-School Grad
6.3 sq mi
ZIP Area
3,961
Density / Sq Mi
$64,977
Median Household Income
$37,015
Median Earnings
$1,211
Median Rent
$165,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include two bedrooms, two bathrooms, and separate outdoor space.
Where is this duplex located?
The property is located at A-b-6602 Tamar Dr Pasadena, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,430 square feet; Each residence has 2 bedrooms and 2 bathrooms; Separate private backyards for both sides
