Two-Story Townhome
For Sale
$499,500
Ab-11019 Melba Ln, Houston, TX 77041
New-construction duplex with two three-bedroom units, contemporary finishes, and separate front and rear residences.
Property Size2,710 SF
Price / SF$184.32
Days on Market55
Property Features for Ab-11019 Melba Ln
General Information
Standard status
Active
Size
2,710 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/3BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,275
Building Details
Buildings
1
Stories
2
Listing Agency:
R. Alexa Group
(713) 705-0086
Listed By:
Obinna Duru
(832) 983-7122
Source:
Exprealty
Added: Sep 13
Changed: Oct 25
Last Checked: Nov 4 at 7:31PM
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 R. Alexa Group
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Investment Insights
Based on property information with market context.
This newly constructed duplex contains 2,710 square feet across two separate, two-story townhome-style units. Together, the residences provide 6 bedrooms and 6 full bathrooms, with each unit offering 3 bedrooms and 3 full bathrooms. Both layouts feature open-concept living areas, carpet-free interiors, quartz countertops, matte black fixtures, stainless steel appliances, and primary suites with walk-in closets. The front and rear unit arrangement supports separate occupancy within one property.
The property is located just north of Spring Branch in Houston, with access to Memorial City, the Energy Corridor, the Galleria, Beltway 8, and I-10. It is not in a flood zone and is positioned within a quiet residential neighborhood.
The property is located just north of Spring Branch in Houston, with access to Memorial City, the Energy Corridor, the Galleria, Beltway 8, and I-10. It is not in a flood zone and is positioned within a quiet residential neighborhood.
Key Highlights
- New construction totaling 2,710 SF
- Two separate two‑story units with 3 bedrooms and 3 full bathrooms each
- Combined total of 6 bedrooms and 6 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,495
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$709,900
$709.9K
Cap Rate 7%
$507,071
$507.1K
Cap Rate 9%
$394,389
$394.4K
Market Conditions
NOI Build-Up for 2,710 SF
Gross rent
$53.7K $19.80/SF
− Vacancy
−$3.0K −$1.09/SF
EGI
$50.7K $18.71/SF
− OpEx
−$15.2K −$5.61/SF
NOI
$35.5K $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%
$709,900
Cap Rate 7%
$507,071
Cap Rate 9%
$394,389
Alternative Uses
Best Use
Multifamily LT 5
$507.1K
$443.7K – $591.6K
NOI $35,495 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$438.6K
$383.8K – $511.7K
NOI $30,702 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$696.9K
$609.8K – $813.0K
NOI $48,780 @ 7.0% cap · market cap 9.77%
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
882
Businesses Nearby
Explore this area
Business Placement
Demographics for 77041, TX
35,958
Population
11,877
Households
3
Avg Household Size
38
Median Age
38%
College-Educated
84%
High-School Grad
18.9 sq mi
ZIP Area
1,903
Density / Sq Mi
$79,164
Median Household Income
$40,991
Median Earnings
$1,638
Median Rent
$269,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - New-construction duplex with two three-bedroom units, contemporary finishes, and separate front and rear residences.
Where is this duplex located?
The property is located at Ab-11019 Melba Ln Houston, TX.
What is the asking price?
The asking price for this property is $499,500.
What are key features of this property?
This property features: New construction totaling 2,710 SF; Two separate two‑story units with 3 bedrooms and 3 full bathrooms each; Combined total of 6 bedrooms and 6 full bathrooms
