Two-Story
For Sale
$630,000
Ab-811 E 2nd St, Houston, TX 77001
New construction provides two separate residences with open layouts and energy-efficient features.
Property Size3,400 SF
Price / SF$185.29
Days on Market10
Property Features for Ab-811 E 2nd St
General Information
Standard status
Active
Size
3,400 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Washington Avenue Coalition / Memorial Park
Public Transit
Yes
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,258
Building Details
Buildings
1
Stories
2
Listing Agency:
Illustrious Realty, LLC
(832) 425-0484
Listed By:
Crystal Joy
(832) 844-8608
Source:
Exprealty
Added: Oct 23
Changed: Oct 30
Last Checked: Oct 30 at 2:52PM
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 Illustrious Realty, 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.
This newly constructed, two-story duplex contains 3,400 square feet, divided between two 1,700-square-foot residences. Each unit has an open-concept layout, two bedrooms, and contemporary finishes, with energy-efficient construction throughout.
Key Highlights
- 3,400 square feet across two 1,700‑square‑foot units
- Newly built, two‑story duplex
- Each residence has two bedrooms and an open‑concept layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,532
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$890,640
$890.6K
Cap Rate 7%
$636,171
$636.2K
Cap Rate 9%
$494,800
$494.8K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$67.3K $19.80/SF
− Vacancy
−$3.7K −$1.09/SF
EGI
$63.6K $18.71/SF
− OpEx
−$19.1K −$5.61/SF
NOI
$44.5K $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%
$890,640
Cap Rate 7%
$636,171
Cap Rate 9%
$494,800
Alternative Uses
Best Use
Multifamily LT 5
$636.2K
$556.7K – $742.2K
NOI $44,532 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$550.3K
$481.5K – $642.0K
NOI $38,519 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$874.3K
$765.0K – $1.02M
NOI $61,200 @ 7.0% cap · market cap 9.71%
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
1,655
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - New construction provides two separate residences with open layouts and energy-efficient features.
Where is this duplex located?
The property is located at Ab-811 E 2nd St Houston, TX.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: 3,400 square feet across two 1,700‑square‑foot units; Newly built, two‑story duplex; Each residence has two bedrooms and an open‑concept layout
