Two-Story
For Sale
$299,000
Ab-4114 Majestic St, Houston, TX 77020
One residence generates rental income, while the other is open for viewing and available to occupy or lease.
Property Size2,300 SF
Lot Size0.12 Acres
Price / SF$130
Days on Market23
Property Features for Ab-4114 Majestic St
General Information
Standard status
Active
Size
2,300 SF
Lot size
0.12 Acres
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,787
Building Details
Year Built
2022
Buildings
1
Stories
2
Listing Agency:
Redfin Corporation
(832) 648-1671
Listed By:
Rosalinda Swartz
(703) 388-8530
Source:
Exprealty
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 20 at 8:46PM
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 Redfin Corporation
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Investment Insights
Based on property information with market context.
Completed in 2022, this two-story duplex contains two residences of approximately 1,150 square feet each, with a combined area of approximately 2,300 square feet. Each has three bedrooms, two full bathrooms, laminate flooring, granite countertops, tile backsplashes, cabinetry, washer and dryer connections, and tub-and-shower combinations. The property occupies a 5,100-square-foot lot. Unit A is occupied; Unit B is available to show. Unit B includes a washer and dryer and a stainless steel refrigerator, while Unit A has a white refrigerator and no washer or dryer.
The property is in Houston’s Northside, with access to Downtown Houston, major roadways, shopping, dining, and everyday services.
The property is in Houston’s Northside, with access to Downtown Houston, major roadways, shopping, dining, and everyday services.
Key Highlights
- Two units, each with 3 bedrooms and 2 baths
- Approximately 2,300 SF total; each unit is approximately 1,150 SF
- Built in 2022 on a 5,100 SF lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,057
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,140
$521.1K
Cap Rate 7%
$372,243
$372.2K
Cap Rate 9%
$289,522
$289.5K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$50.5K $21.96/SF
− Vacancy
−$3.1K −$1.36/SF
EGI
$47.4K $20.60/SF
− OpEx
−$21.3K −$9.27/SF
NOI
$26.1K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,140
Cap Rate 7%
$372,243
Cap Rate 9%
$289,522
Alternative Uses
Best Use
Multifamily LT 5
$430.4K
$376.6K – $502.1K
NOI $30,125 @ 7.0% cap · market cap 10.08%
Second Best
Apartment 5plus
$372.2K
$325.7K – $434.3K
NOI $26,057 @ 7.0% cap · market cap 8.71%
Theoretical Best
Office A
$591.4K
$517.5K – $690.0K
NOI $41,400 @ 7.0% cap · market cap 13.85%
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
704
Businesses Nearby
Explore this area
Business Placement
Demographics for 77020, TX
24,846
Population
10,054
Households
2.5
Avg Household Size
35
Median Age
13%
College-Educated
65%
High-School Grad
7.8 sq mi
ZIP Area
3,185
Density / Sq Mi
$49,481
Median Household Income
$32,573
Median Earnings
$942
Median Rent
$133,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One residence generates rental income, while the other is open for viewing and available to occupy or lease.
Where is this duplex located?
The property is located at Ab-4114 Majestic St Houston, TX.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 baths; Approximately 2,300 SF total; each unit is approximately 1,150 SF; Built in 2022 on a 5,100 SF lot
