Modern
For Sale
$610,000
Ab-3402 Nathaniel Brown St, Houston, TX 77021
New construction with two residential units and access to Downtown Houston, the Texas Medical Center, universities, shopping, dining, and entertainment.
Property Size3,714 SF
Lot Size0.11 Acres
Price / SF$164.24
Days on Market61
Property Features for Ab-3402 Nathaniel Brown St
General Information
Standard status
Active
Size
3,714 SF
Lot size
0.11 Acres
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,778
Building Details
Buildings
1
Listing Agency:
Collective Realty Co.
(281) 638-9407
Listed By:
Veronica Merritt
(619) 386-6961
Source:
Exprealty
Added: Aug 24
Changed: Oct 5
Last Checked: Oct 20 at 10:00PM
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 Collective Realty Co.
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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 newly constructed duplex in Houston contains two separately designed residential units, each arranged for comfortable daily living. The property sits on a 5,000-square-foot lot and offers a contemporary layout with practical space throughout each residence.
Its location provides access to Downtown Houston, the Texas Medical Center, the University of Houston, and Texas Southern University. Shopping, dining, entertainment, and major highways are also identified among the surrounding conveniences, giving the property broad access to key Houston destinations.
Its location provides access to Downtown Houston, the Texas Medical Center, the University of Houston, and Texas Southern University. Shopping, dining, entertainment, and major highways are also identified among the surrounding conveniences, giving the property broad access to key Houston destinations.
Key Highlights
- Newly built duplex in Houston
- Two residential units with functional living spaces
- 5,000‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,645
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$972,900
$972.9K
Cap Rate 7%
$694,929
$694.9K
Cap Rate 9%
$540,500
$540.5K
Market Conditions
NOI Build-Up for 3,714 SF
Gross rent
$73.5K $19.80/SF
− Vacancy
−$4.0K −$1.09/SF
EGI
$69.5K $18.71/SF
− OpEx
−$20.8K −$5.61/SF
NOI
$48.6K $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%
$972,900
Cap Rate 7%
$694,929
Cap Rate 9%
$540,500
Alternative Uses
Best Use
Multifamily LT 5
$694.9K
$608.1K – $810.8K
NOI $48,645 @ 7.0% cap · market cap 7.97%
Second Best
Apartment 5plus
$601.1K
$526.0K – $701.3K
NOI $42,077 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$955.0K
$835.7K – $1.11M
NOI $66,852 @ 7.0% cap · market cap 10.96%
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
420
Businesses Nearby
Explore this area
Business Placement
Demographics for 77021, TX
28,055
Population
12,819
Households
2.2
Avg Household Size
36
Median Age
34%
College-Educated
87%
High-School Grad
6.1 sq mi
ZIP Area
4,599
Density / Sq Mi
$45,034
Median Household Income
$38,041
Median Earnings
$1,193
Median Rent
$203,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - New construction with two residential units and access to Downtown Houston, the Texas Medical Center, universities, shopping, dining, and entertainment.
Where is this duplex located?
The property is located at Ab-3402 Nathaniel Brown St Houston, TX.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: Newly built duplex in Houston; Two residential units with functional living spaces; 5,000‑square‑foot lot
