Duplex with Private Fenced
For Sale
$349,000
Ab-4651 Mallow St, Houston, TX 77051
Recently built duplex with two-bedroom layouts, private baths, open kitchens, and individual outdoor space for each residence.
Property Size1,848 SF
Price / SF$188.85
Days on Market72
Property Features for Ab-4651 Mallow St
General Information
Standard status
Active
Size
1,848 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,908
Building Details
Year Built
2023
Buildings
1
Stories
1
Construction
modern farmhouse
Listing Agency:
Redfin Corporation
(832) 648-1671
Listed By:
Christopher Johns
(713) 702-2256
Source:
Exprealty
Added: Aug 7
Changed: Oct 5
Last Checked: Oct 16 at 2:31PM
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.
This 1,848-square-foot duplex was built in 2023 with two single-story residences, each offering two bedrooms and two full bathrooms. The interiors feature 9-foot ceilings, recessed lighting, wood-look tile flooring, gray paint, and open living areas. Kitchens include granite counters, stainless steel appliances, center islands, pantries, breakfast areas, and extensive cabinetry. Unit A includes a washer and dryer, while both residences provide private baths for the bedrooms and fenced backyard areas.
The property is located on Mallow St in Houston’s Medical Center South area, with access to Downtown Houston, the Texas Medical Center, universities, dining, shopping, entertainment, and major roads. Its roommate-friendly floor plans and separate outdoor areas provide a practical residential configuration for occupants seeking private bedroom suites and additional exterior space.
The property is located on Mallow St in Houston’s Medical Center South area, with access to Downtown Houston, the Texas Medical Center, universities, dining, shopping, entertainment, and major roads. Its roommate-friendly floor plans and separate outdoor areas provide a practical residential configuration for occupants seeking private bedroom suites and additional exterior space.
Key Highlights
- 1,848‑square‑foot duplex built in 2023
- Both units include 2 bedrooms and 2 full bathrooms
- Open kitchens with granite counters, stainless steel appliances, islands, pantries, and breakfast areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,205
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,100
$484.1K
Cap Rate 7%
$345,786
$345.8K
Cap Rate 9%
$268,944
$268.9K
Market Conditions
NOI Build-Up for 1,848 SF
Gross rent
$36.6K $19.80/SF
− Vacancy
−$2.0K −$1.09/SF
EGI
$34.6K $18.71/SF
− OpEx
−$10.4K −$5.61/SF
NOI
$24.2K $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%
$484,100
Cap Rate 7%
$345,786
Cap Rate 9%
$268,944
Alternative Uses
Best Use
Multifamily LT 5
$345.8K
$302.6K – $403.4K
NOI $24,205 @ 7.0% cap · market cap 6.94%
Second Best
Apartment 5plus
$299.1K
$261.7K – $348.9K
NOI $20,936 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$475.2K
$415.8K – $554.4K
NOI $33,264 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
343
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
Frequently Asked Questions
What type of property is this?
Duplex - Recently built duplex with two-bedroom layouts, private baths, open kitchens, and individual outdoor space for each residence.
Where is this duplex located?
The property is located at Ab-4651 Mallow St Houston, TX.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1,848‑square‑foot duplex built in 2023; Both units include 2 bedrooms and 2 full bathrooms; Open kitchens with granite counters, stainless steel appliances, islands, pantries, and breakfast areas
