Newly Built
For Sale
$439,900
Ab-6514 Luce St, Houston, TX 77087
One residence is occupied by a tenant, while both units have open layouts and contemporary finishes.
Property Size2,506 SF
Price / SF$175.54
Days on Market35
Property Features for Ab-6514 Luce St
General Information
Standard status
Active
Size
2,506 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Golfcrest / Bellfort / Reveille
Highway Access
Yes
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Building Details
Buildings
1
Stories
1
Listing Agency:
Nextgen Real Estate Properties
(346) 888-2525
Listed By:
Norisha Johnson
(346) 304-1590
Source:
Exprealty
Added: Sep 28
Changed: Oct 29
Last Checked: Nov 1 at 8:08AM
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
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.
This newly constructed, single-story duplex contains two residences, each with 3 bedrooms, 2.5 baths, an open-concept plan, and high-end finishes. Energy-efficient features are included, and the building totals 2,506 square feet. One unit is tenant-occupied, with rental income in place.
The property is in Houston’s 77087 area, with access to Downtown, the Texas Medical Center, Hobby Airport, major freeways, shopping, and dining.
The property is in Houston’s 77087 area, with access to Downtown, the Texas Medical Center, Hobby Airport, major freeways, shopping, and dining.
Key Highlights
- Two‑unit duplex with 2,506 square feet
- Single‑story construction
- Each unit offers 3 bedrooms and 2.5 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,823
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$656,460
$656.5K
Cap Rate 7%
$468,900
$468.9K
Cap Rate 9%
$364,700
$364.7K
Market Conditions
NOI Build-Up for 2,506 SF
Gross rent
$49.6K $19.80/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$46.9K $18.71/SF
− OpEx
−$14.1K −$5.61/SF
NOI
$32.8K $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%
$656,460
Cap Rate 7%
$468,900
Cap Rate 9%
$364,700
Alternative Uses
Best Use
Multifamily LT 5
$468.9K
$410.3K – $547.1K
NOI $32,823 @ 7.0% cap · market cap 7.46%
Second Best
Apartment 5plus
$405.6K
$354.9K – $473.2K
NOI $28,391 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$644.4K
$563.9K – $751.8K
NOI $45,108 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
691
Businesses Nearby
Explore this area
Business Placement
Demographics for 77087, TX
34,654
Population
12,400
Households
2.8
Avg Household Size
35
Median Age
12%
College-Educated
63%
High-School Grad
6.6 sq mi
ZIP Area
5,251
Density / Sq Mi
$53,624
Median Household Income
$32,927
Median Earnings
$1,015
Median Rent
$148,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is occupied by a tenant, while both units have open layouts and contemporary finishes.
Where is this duplex located?
The property is located at Ab-6514 Luce St Houston, TX.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,506 square feet; Single‑story construction; Each unit offers 3 bedrooms and 2.5 baths
