New-Construction
New
For Sale
$350,000
Ab-318 Tennessee St, Houston, TX 77029
Two residences feature quartz kitchen counters, soft-close cabinetry, and full-height tile around the tubs.
Property Size2,368 SF
Price / SF$147.80
Days on Market6
Property Features for Ab-318 Tennessee St
General Information
Standard status
Active
Size
2,368 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Clinton Park Tri-Community
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,195
Amenities
10-foot ceilings
quartz countertops
soft-close kitchen cabinetry
tiled tub surrounds
Building Details
Buildings
1
Listing Agency:
MODR Brokerage, LLC
(800) 244-8267
Listed By:
Folorunso Akindoju
(346) 280-5162
Source:
Exprealty
Added: Oct 26
Changed: Oct 31
Last Checked: Oct 30 at 7:18PM
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 MODR Brokerage, 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 newly built duplex contains two residences, Units A and B, within a 2,368-square-foot property. Interior details include 10-foot ceilings, quartz countertops, soft-close kitchen cabinets, and tiled tub surrounds that reach the ceiling.
The property is on Tennessee Street in Houston, with access to Downtown Houston and major highways.
The property is on Tennessee Street in Houston, with access to Downtown Houston and major highways.
Key Highlights
- Two‑unit duplex with Units A and B
- 2,368 square feet
- 10‑foot ceilings in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,015
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,300
$620.3K
Cap Rate 7%
$443,071
$443.1K
Cap Rate 9%
$344,611
$344.6K
Market Conditions
NOI Build-Up for 2,368 SF
Gross rent
$46.9K $19.80/SF
− Vacancy
−$2.6K −$1.09/SF
EGI
$44.3K $18.71/SF
− OpEx
−$13.3K −$5.61/SF
NOI
$31.0K $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%
$620,300
Cap Rate 7%
$443,071
Cap Rate 9%
$344,611
Alternative Uses
Best Use
Multifamily LT 5
$443.1K
$387.7K – $516.9K
NOI $31,015 @ 7.0% cap · market cap 8.86%
Second Best
Apartment 5plus
$383.2K
$335.3K – $447.1K
NOI $26,827 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$608.9K
$532.8K – $710.4K
NOI $42,624 @ 7.0% cap · market cap 12.18%
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
207
Businesses Nearby
Explore this area
Business Placement
Demographics for 77029, TX
17,044
Population
6,386
Households
2.7
Avg Household Size
36
Median Age
9%
College-Educated
62%
High-School Grad
10.6 sq mi
ZIP Area
1,608
Density / Sq Mi
$49,601
Median Household Income
$32,614
Median Earnings
$1,129
Median Rent
$115,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature quartz kitchen counters, soft-close cabinetry, and full-height tile around the tubs.
Where is this duplex located?
The property is located at Ab-318 Tennessee St Houston, 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 with Units A and B; 2,368 square feet; 10‑foot ceilings in each residence
