Two-Story Duplex with Fenced
For Sale
$470,000
Ab-6501 Osprey Dr, Houston, TX 77048
Built in 2020, both residences offer open living areas, included appliances, laundry rooms, covered patios, and comfortable bedroom separation.
Property Size2,236 SF
Price / SF$210.20
Days on Market101
Property Features for Ab-6501 Osprey Dr
General Information
Standard status
Active
Size
2,236 SF
Total Parking Spaces
4
Property subtype
Residential Income
Site & Location
Neighborhood
South Acres / Crestmont Park
Highway Access
Yes
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$7,477
Amenities
fenced backyard
covered patio
laundry room
walk-in closets
utility room
Building Details
Year Built
2020
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Texas Ally Real Estate Group, LLC
(512) 763-2559
Listed By:
Justine Cornell · License #0754899
(805) 358-3307
Source:
Exprealty
Added: Jul 18
Changed: Oct 25
Last Checked: Oct 24 at 9:26PM
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 Texas Ally Real Estate Group, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2020, this 2,236 SF duplex contains two matching residences, each with two bedrooms and 1.5 baths. Both layouts place the living areas, half bath, and laundry room on the first floor, with two bedrooms and a full bath upstairs. Open-concept interiors include upgraded finishes, walk-in closets, utility rooms, refrigerators, washers, dryers, dishwashers, and stove/ranges. Each side also has a fenced backyard with a covered patio and two parking spaces. Trane AC systems and Rheem water heaters serve the units.
The property is near shopping, dining, the Medical Center, and Houston Hobby Airport, with access to 288, I-45, and I-610. Both units are currently rented, and the existing tenants may remain for the buyer.
The property is near shopping, dining, the Medical Center, and Houston Hobby Airport, with access to 288, I-45, and I-610. Both units are currently rented, and the existing tenants may remain for the buyer.
Key Highlights
- 2,236 SF duplex built in 2020
- Two 2‑bedroom, 1.5‑bath units
- Both units include refrigerators, washers, dryers, dishwashers, and stove/ranges
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,286
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,720
$585.7K
Cap Rate 7%
$418,371
$418.4K
Cap Rate 9%
$325,400
$325.4K
Market Conditions
NOI Build-Up for 2,236 SF
Gross rent
$44.3K $19.80/SF
− Vacancy
−$2.4K −$1.09/SF
EGI
$41.8K $18.71/SF
− OpEx
−$12.6K −$5.61/SF
NOI
$29.3K $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%
$585,720
Cap Rate 7%
$418,371
Cap Rate 9%
$325,400
Alternative Uses
Best Use
Multifamily LT 5
$418.4K
$366.1K – $488.1K
NOI $29,286 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$361.9K
$316.7K – $422.2K
NOI $25,332 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$575.0K
$503.1K – $670.8K
NOI $40,248 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
Explore this area
Business Placement
Demographics for 77048, TX
20,536
Population
8,029
Households
2.6
Avg Household Size
33
Median Age
21%
College-Educated
83%
High-School Grad
11.5 sq mi
ZIP Area
1,786
Density / Sq Mi
$54,625
Median Household Income
$36,864
Median Earnings
$1,317
Median Rent
$190,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Built in 2020, both residences offer open living areas, included appliances, laundry rooms, covered patios, and comfortable bedroom separation.
Where is this duplex located?
The property is located at Ab-6501 Osprey Dr Houston, TX.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: 2,236 SF duplex built in 2020; Two 2‑bedroom, 1.5‑bath units; Both units include refrigerators, washers, dryers, dishwashers, and stove/ranges
