New Construction Two-Story
For Sale
$499,500
Ab-11021 Melba Ln, Houston, TX 77041
Two separate residences offer modern finishes, efficient layouts, and flexibility for owner occupancy or rental use.
Property Size2,710 SF
Price / SF$184.32
Days on Market54
Property Features for Ab-11021 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
Listing Agency:
R. Alexa Group
(713) 705-0086
Listed By:
Obinna Duru
(832) 983-7122
Source:
Exprealty
Added: Sep 14
Changed: Oct 25
Last Checked: Nov 4 at 5:18PM
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 built duplex at Ab-11021 Melba Ln in Houston contains 2,710 square feet across two separate units. The front and rear residences each include three bedrooms, three full bathrooms, a two-story layout, an open living arrangement, and primary suites with walk-in closets. Interior finishes include quartz countertops, matte black fixtures, stainless steel appliances, and hard-surface flooring throughout. The property is outside a flood zone and designed for low-maintenance ownership.
The duplex is positioned just north of Spring Branch, with access to Memorial City, the Energy Corridor, the Galleria, Beltway 8, and I-10. Its two-unit configuration supports separate occupancy while retaining a unified residential asset for an owner-user or investor.
The duplex is positioned just north of Spring Branch, with access to Memorial City, the Energy Corridor, the Galleria, Beltway 8, and I-10. Its two-unit configuration supports separate occupancy while retaining a unified residential asset for an owner-user or investor.
Key Highlights
- Newly constructed duplex with 2,710 square feet
- Two separate units, each with 3 bedrooms and 3 full bathrooms
- Two‑story residences with open‑concept layouts and primary walk‑in closets
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 - Two separate residences offer modern finishes, efficient layouts, and flexibility for owner occupancy or rental use.
Where is this duplex located?
The property is located at Ab-11021 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: Newly constructed duplex with 2,710 square feet; Two separate units, each with 3 bedrooms and 3 full bathrooms; Two‑story residences with open‑concept layouts and primary walk‑in closets
