New Construction Three-Story
For Sale
$414,999
Pending
Ab-8021 Birmingham St, Houston, TX 77028
Two matching residences feature open layouts, private primary suites, and one unit already leased.
Property Size2,578 SF
Days on Market132
Property Features for Ab-8021 Birmingham St
General Information
Standard status
Pending
Size
2,578 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Settegast
Highway Access
Yes
Additional Details
Multifamily Units
2
Building Details
Buildings
1
Stories
3
Listing Agency:
Nextgen Real Estate Properties
(832) 736-1673
Listed By:
Norisha Johnson
(346) 304-1590
Source:
Exprealty
Added: Jun 17
Changed: Oct 26
Last Checked: Oct 24 at 10:22PM
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
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Investment Insights
Based on property information with market context.
This newly constructed duplex contains two three-story residences totaling 2,578 square feet. Each unit offers three bedrooms and 2.5 baths, with an open-concept main living area, contemporary kitchen finishes, and a floor plan arranged for separation and privacy. Two bedrooms and a shared bath occupy the second level, while the entire third floor is configured as a private primary suite.
Unit A is already leased, providing an established tenant arrangement at closing. The property is located 15 minutes from Downtown Houston and 5 minutes from the 610 Loop. It is also 10 minutes from the planned LBJ Hospital development, identified in the property information as scheduled for 2029.
Unit A is already leased, providing an established tenant arrangement at closing. The property is located 15 minutes from Downtown Houston and 5 minutes from the 610 Loop. It is also 10 minutes from the planned LBJ Hospital development, identified in the property information as scheduled for 2029.
Key Highlights
- New construction 3‑story duplex totaling 2578 square feet
- Each unit includes 3 bedrooms and 2.5 baths
- Unit A is already leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,766
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,320
$675.3K
Cap Rate 7%
$482,371
$482.4K
Cap Rate 9%
$375,178
$375.2K
Market Conditions
NOI Build-Up for 2,578 SF
Gross rent
$51.0K $19.80/SF
− Vacancy
−$2.8K −$1.09/SF
EGI
$48.2K $18.71/SF
− OpEx
−$14.5K −$5.61/SF
NOI
$33.8K $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%
$675,320
Cap Rate 7%
$482,371
Cap Rate 9%
$375,178
Alternative Uses
Best Use
Multifamily LT 5
$482.4K
$422.1K – $562.8K
NOI $33,766 @ 7.0% cap · market cap 8.14%
Second Best
Apartment 5plus
$417.2K
$365.1K – $486.8K
NOI $29,207 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$662.9K
$580.1K – $773.4K
NOI $46,404 @ 7.0% cap · market cap 11.18%
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
224
Businesses Nearby
Explore this area
Business Placement
Demographics for 77028, TX
18,701
Population
7,102
Households
2.6
Avg Household Size
35
Median Age
8%
College-Educated
69%
High-School Grad
9.1 sq mi
ZIP Area
2,055
Density / Sq Mi
$36,244
Median Household Income
$28,099
Median Earnings
$1,115
Median Rent
$108,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences feature open layouts, private primary suites, and one unit already leased.
Where is this duplex located?
The property is located at Ab-8021 Birmingham St Houston, TX.
What is the asking price?
The asking price for this property is $414,999.
What are key features of this property?
This property features: New construction 3‑story duplex totaling 2578 square feet; Each unit includes 3 bedrooms and 2.5 baths; Unit A is already leased
