Brand-New Luxury
For Sale
$650,000
Ab-3704 Mount Pleasant St, Houston, TX 77021
Brand-new gated luxury duplex with private garages, three bedrooms per unit, and spa-style bathrooms.
Property Size3,490 SF
Price / SF$186.25
Days on Market101
Property Features for Ab-3704 Mount Pleasant St
General Information
Standard status
Active
Size
3,490 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Greater Ost / South Union
Amenities
Gated
Private outdoor space
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Nextgen Real Estate Properties
(346) 888-2525
Listed By:
Norisha Johnson
(346) 304-1590
Source:
Exprealty
Added: Jul 29
Changed: Nov 1
Last Checked: Nov 4 at 2:39PM
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 Nextgen Real Estate Properties
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Investment Insights
Based on property information with market context.
Brand-new luxury duplex offering two residences on one address. The property is configured as a true duplex, with each unit featuring three bedrooms, two and a half baths, soaring ceilings, oversized windows, a modern fireplace, and European-inspired kitchens with warm wood cabinetry and waterfall islands. Spa-caliber primary baths include dramatic stone-inspired tile, freestanding soaking tubs, oversized glass showers, dual floating vanities, and expansive walk-in closets. Each unit also includes a private garage and private outdoor space.
The duplex is positioned near the Texas Medical Center, Downtown Houston, and major educational and employment hubs. It is gated and has never been occupied.
With a duplex layout, the property supports owner-occupancy of one unit while leasing the other, or leasing both units. There is no HOA.
The duplex is positioned near the Texas Medical Center, Downtown Houston, and major educational and employment hubs. It is gated and has never been occupied.
With a duplex layout, the property supports owner-occupancy of one unit while leasing the other, or leasing both units. There is no HOA.
Key Highlights
- Two residences on one address in a brand‑new duplex design
- Each unit has 3 bedrooms and 2.5 baths plus a private garage
- Gated property with private outdoor space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,711
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$914,220
$914.2K
Cap Rate 7%
$653,014
$653.0K
Cap Rate 9%
$507,900
$507.9K
Market Conditions
NOI Build-Up for 3,490 SF
Gross rent
$69.1K $19.80/SF
− Vacancy
−$3.8K −$1.09/SF
EGI
$65.3K $18.71/SF
− OpEx
−$19.6K −$5.61/SF
NOI
$45.7K $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%
$914,220
Cap Rate 7%
$653,014
Cap Rate 9%
$507,900
Alternative Uses
Best Use
Multifamily LT 5
$653.0K
$571.4K – $761.9K
NOI $45,711 @ 7.0% cap · market cap 7.03%
Second Best
Apartment 5plus
$564.8K
$494.2K – $659.0K
NOI $39,539 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$897.4K
$785.3K – $1.05M
NOI $62,820 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
Multi-tenant
Tenancy
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 - Brand-new gated luxury duplex with private garages, three bedrooms per unit, and spa-style bathrooms.
Where is this duplex located?
The property is located at Ab-3704 Mount Pleasant St Houston, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two residences on one address in a brand‑new duplex design; Each unit has 3 bedrooms and 2.5 baths plus a private garage; Gated property with private outdoor space
