Gated Duplex with Attached
For Sale
$569,500
Ab-3510 Grassmere St, Houston, TX 77051
Brand-new gated duplex with two units, each offering 3 bedrooms, 2.5 baths, and an attached 2-car garage.
Property Size3,236 SF
Price / SF$175.99
Days on Market75
Property Features for Ab-3510 Grassmere St
General Information
Standard status
Active
Size
3,236 SF
Total Parking Spaces
4
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Amenities
gated driveway access
private fenced areas
landscaping
sidewalks
gutters
open-concept layout
modern kitchens with stainless steel appliances
durable flooring
Listing Agency:
Keller Williams Realty Southwest
(832) 304-4655
Listed By:
Adefemi Rogers · License #0717103
(832) 304-4655
Source:
Exprealty
Added: May 18
Changed: Jul 31
Last Checked: Jul 31 at 6:23AM
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 Keller Williams Realty Southwest
Investment Insights
Based on property information with market context.
Brand-new gated duplex offering approximately 3,236 SF of total living space across two spacious units. Each unit features three bedrooms and 2.5 bathrooms, with approximately 1,618 SF of interior living space. Both residences include an open-concept layout and modern kitchens with stainless steel appliances.
Each unit has an attached 2-car garage, gated driveway access, and private fenced areas. Exterior improvements include landscaping, sidewalks, and gutters.
Set up for both investors and owner-occupants, this duplex combines a functional, private configuration with a newer build and rental appeal. It is positioned in Houston’s Medical Center South area, with access to the Texas Medical Center, Downtown Houston, major highways, universities, shopping, and dining.
Each unit has an attached 2-car garage, gated driveway access, and private fenced areas. Exterior improvements include landscaping, sidewalks, and gutters.
Set up for both investors and owner-occupants, this duplex combines a functional, private configuration with a newer build and rental appeal. It is positioned in Houston’s Medical Center South area, with access to the Texas Medical Center, Downtown Houston, major highways, universities, shopping, and dining.
Key Highlights
- Approximately 3,236 SF total living space
- Two units, each with 3 bedrooms and 2.5 bathrooms
- Approximately 1,618 SF interior living space per unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.1k | $19.80 |
| − Vacancy | −$3.5k | −$1.09 |
| EGI | $60.5k | $18.71 |
| − OpEx | −$18.2k | −$5.61 |
| NOI | $42.4k | $13.10 |
3,236 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$605.5K
$529.8K – $706.4K
NOI $42,384 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$523.7K
$458.3K – $611.0K
NOI $36,661 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$832.1K
$728.1K – $970.8K
NOI $58,248 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
222
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Brand-new gated duplex with two units, each offering 3 bedrooms, 2.5 baths, and an attached 2-car garage.
Where is this duplex located?
The property is located at Ab-3510 Grassmere St Houston, TX.
What is the asking price?
The asking price for this property is $569,500.
What are key features of this property?
This property features: Approximately 3,236 SF total living space; Two units, each with 3 bedrooms and 2.5 bathrooms; Approximately 1,618 SF interior living space per unit
