Newly Built Three-Bedroom
For Sale
$410,000
Ab-8116 Double Ave, Houston, TX 77088
Two modern residences feature open-concept interiors, quartz countertops, black fixtures, and contemporary finishes.
Property Size2,165 SF
Price / SF$189.38
Days on Market69
Property Features for Ab-8116 Double Ave
General Information
Standard status
Active
Size
2,165 SF
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Multifamily Units
2
Listing Agency:
The Reyna Group
(713) 868-9300
Listed By:
Melissa Rodriguez · License #0764347
(832) 297-6788
Source:
Exprealty
Added: Aug 10
Changed: Oct 5
Last Checked: Oct 16 at 1:34PM
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 The Reyna Group
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Investment Insights
Based on property information with market context.
This newly built duplex contains two residences, each with three bedrooms and two bathrooms. Both units feature open-concept floor plans, quartz countertops, black fixtures, and contemporary interior finishes. Primary bedrooms include custom accent walls, adding a distinct design element to each residence.
The property is located in Houston, Texas, with convenient access to major highways for regional commuting. A 2/10 warranty is included, and the two-unit configuration supports rental use or an owner-occupant arrangement with an additional residence on site.
The property is located in Houston, Texas, with convenient access to major highways for regional commuting. A 2/10 warranty is included, and the two-unit configuration supports rental use or an owner-occupant arrangement with an additional residence on site.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 2 bathrooms in each residence
- Newly built property with contemporary interior finishes
- Open‑concept layouts in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,357
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,140
$567.1K
Cap Rate 7%
$405,100
$405.1K
Cap Rate 9%
$315,078
$315.1K
Market Conditions
NOI Build-Up for 2,165 SF
Gross rent
$42.9K $19.80/SF
− Vacancy
−$2.4K −$1.09/SF
EGI
$40.5K $18.71/SF
− OpEx
−$12.2K −$5.61/SF
NOI
$28.4K $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%
$567,140
Cap Rate 7%
$405,100
Cap Rate 9%
$315,078
Alternative Uses
Best Use
Multifamily LT 5
$405.1K
$354.5K – $472.6K
NOI $28,357 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$350.4K
$306.6K – $408.8K
NOI $24,528 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$556.7K
$487.1K – $649.5K
NOI $38,970 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
Explore this area
Business Placement
Demographics for 77088, TX
54,320
Population
18,500
Households
2.9
Avg Household Size
35
Median Age
13%
College-Educated
72%
High-School Grad
11.1 sq mi
ZIP Area
4,894
Density / Sq Mi
$52,549
Median Household Income
$32,015
Median Earnings
$1,177
Median Rent
$173,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two modern residences feature open-concept interiors, quartz countertops, black fixtures, and contemporary finishes.
Where is this duplex located?
The property is located at Ab-8116 Double Ave Houston, TX.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 2 bathrooms in each residence; Newly built property with contemporary interior finishes; Open‑concept layouts in both residences
