Two-Unit Duplex with Open
For Sale
$498,999
A-b-9315 Ashville Dr, Houston, TX 77051
Completed in 2024, the property combines two residences with different current occupancy statuses.
Property Size2,648 SF
Price / SF$188.44
Days on Market10
Property Features for A-b-9315 Ashville Dr
General Information
Standard status
Active
Size
2,648 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Sunnyside
Highway Access
Yes
Units
Unit Mix
2 x 3BR/3BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,547
Building Details
Year Built
2024
Buildings
1
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Michan Murray · License #0588132
(713) 725-9865
Source:
Exprealty
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 23 at 9:55AM
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 eXp Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,648-square-foot duplex at 9315 Ashville Dr in Houston contains two residences, each with three bedrooms, three full bathrooms, and an open-concept floor plan. Both units have contemporary finishes, kitchens, and living areas. The property was built in 2024.
One residence is leased, while the other is available. The property is in Houston’s Sunnyside community, near Downtown Houston, the Texas Medical Center, the University of Houston, and major highways.
One residence is leased, while the other is available. The property is in Houston’s Sunnyside community, near Downtown Houston, the Texas Medical Center, the University of Houston, and major highways.
Key Highlights
- Two residences, each with 3 bedrooms and 3 full bathrooms
- 2,648 square feet total
- Built in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,683
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$693,660
$693.7K
Cap Rate 7%
$495,471
$495.5K
Cap Rate 9%
$385,367
$385.4K
Market Conditions
NOI Build-Up for 2,648 SF
Gross rent
$52.4K $19.80/SF
− Vacancy
−$2.9K −$1.09/SF
EGI
$49.5K $18.71/SF
− OpEx
−$14.9K −$5.61/SF
NOI
$34.7K $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%
$693,660
Cap Rate 7%
$495,471
Cap Rate 9%
$385,367
Alternative Uses
Best Use
Multifamily LT 5
$495.5K
$433.5K – $578.1K
NOI $34,683 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$428.6K
$375.0K – $500.0K
NOI $30,000 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$680.9K
$595.8K – $794.4K
NOI $47,664 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
Explore this area
Business Placement
Demographics for 77051, TX
18,323
Population
7,453
Households
2.5
Avg Household Size
34
Median Age
15%
College-Educated
78%
High-School Grad
7.4 sq mi
ZIP Area
2,476
Density / Sq Mi
$40,030
Median Household Income
$31,914
Median Earnings
$1,332
Median Rent
$171,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Completed in 2024, the property combines two residences with different current occupancy statuses.
Where is this duplex located?
The property is located at A-b-9315 Ashville Dr Houston, TX.
What is the asking price?
The asking price for this property is $498,999.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 3 full bathrooms; 2,648 square feet total; Built in 2024
