New Construction Duplex with
For Sale
$560,000
Ab-8026 Penrod St, Houston, TX 77028
Two spacious units offer open-concept interiors and privately fenced backyards.
Property Size3,321 SF
Price / SF$168.62
Days on Market57
Property Features for Ab-8026 Penrod St
General Information
Standard status
Active
Size
3,321 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Settegast
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Amenities
fireplace
glass staircase railing
motion-sensor illuminated stairs
backlit accent wall
walk-in closet
dual-sink vanity
freestanding soaking tub
glass-enclosed shower
honeycomb lighting
privately fenced backyard
Building Details
Buildings
1
Listing Agency:
Nextgen Real Estate Properties
(346) 888-2525
Listed By:
Norisha Johnson
(346) 304-1590
Source:
Exprealty
Added: Aug 30
Changed: Oct 19
Last Checked: Oct 24 at 6:29PM
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 new-construction duplex contains 3, 321 square feet across two separately configured residences. Each unit measures approximately 1, 660 square feet and includes three bedrooms, 2.5 bathrooms, an open-concept living area, a waterfall-edge kitchen peninsula, a fireplace, and glass stair railings. Motion-sensor lighting accents the stairs, while the primary suite adds a walk-in closet, dual-sink vanity, freestanding soaking tub, and separate glass-enclosed shower.
Each residence also has a one-car garage with honeycomb lighting, an oversized driveway, and a privately fenced backyard. The property is located on Penrod St in Houston, Texas.
Each residence also has a one-car garage with honeycomb lighting, an oversized driveway, and a privately fenced backyard. The property is located on Penrod St in Houston, Texas.
Key Highlights
- 3, 321‑square‑foot new‑construction duplex
- Two units, each approximately 1, 660 square feet
- Each residence has 3 bedrooms and 2.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,497
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$869,940
$869.9K
Cap Rate 7%
$621,386
$621.4K
Cap Rate 9%
$483,300
$483.3K
Market Conditions
NOI Build-Up for 3,321 SF
Gross rent
$65.8K $19.80/SF
− Vacancy
−$3.6K −$1.09/SF
EGI
$62.1K $18.71/SF
− OpEx
−$18.6K −$5.61/SF
NOI
$43.5K $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%
$869,940
Cap Rate 7%
$621,386
Cap Rate 9%
$483,300
Alternative Uses
Best Use
Multifamily LT 5
$621.4K
$543.7K – $725.0K
NOI $43,497 @ 7.0% cap · market cap 7.77%
Second Best
Apartment 5plus
$537.5K
$470.3K – $627.1K
NOI $37,624 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$854.0K
$747.2K – $996.3K
NOI $59,778 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
264
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 spacious units offer open-concept interiors and privately fenced backyards.
Where is this duplex located?
The property is located at Ab-8026 Penrod St Houston, TX.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: 3, 321‑square‑foot new‑construction duplex; Two units, each approximately 1, 660 square feet; Each residence has 3 bedrooms and 2.5 bathrooms
