New Construction Short-Term Rental
For Sale
$569,000
Ab-5030 Mallow St, Houston, TX 77051
Two independently operable living spaces support short- or long-term rental arrangements.
Property Size2,755 SF
Price / SF$206.53
Days on Market26
Property Features for Ab-5030 Mallow St
General Information
Standard status
Active
Size
2,755 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,189
Building Details
Buildings
1
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Aaron White
(281) 786-9899
Source:
Exprealty
Added: Sep 12
Changed: Oct 6
Last Checked: Oct 6 at 2:54AM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
New construction spans 2,755 square feet and is configured as two living spaces. The ADU-style suite has its own entrance, full kitchen, laundry, and privacy gate, allowing the spaces to operate separately or together. Interior features include a waterfall island, gas range, walk-in pantry, vaulted primary suite, soaking tub, and glass shower.
The property is in Houston, within minutes of NRG Center, the medical center, and downtown. Rental configurations described include short-, mid-, and long-term leasing.
The property is in Houston, within minutes of NRG Center, the medical center, and downtown. Rental configurations described include short-, mid-, and long-term leasing.
Key Highlights
- 2,755‑square‑foot new construction
- ADU‑style suite with private entrance, full kitchen, laundry, and privacy gate
- Two living spaces can be operated separately or combined
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,212
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,240
$624.2K
Cap Rate 7%
$445,886
$445.9K
Cap Rate 9%
$346,800
$346.8K
Market Conditions
NOI Build-Up for 2,755 SF
Gross rent
$60.5K $21.96/SF
− Vacancy
−$3.8K −$1.36/SF
EGI
$56.7K $20.60/SF
− OpEx
−$25.5K −$9.27/SF
NOI
$31.2K $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%
$624,240
Cap Rate 7%
$445,886
Cap Rate 9%
$346,800
Alternative Uses
Best Use
Apartment 5plus
$445.9K
$390.2K – $520.2K
NOI $31,212 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$708.4K
$619.9K – $826.5K
NOI $49,590 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Two independently operable living spaces support short- or long-term rental arrangements.
Where is this short term rental property located?
The property is located at Ab-5030 Mallow St Houston, TX.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: 2,755‑square‑foot new construction; ADU‑style suite with private entrance, full kitchen, laundry, and privacy gate; Two living spaces can be operated separately or combined
