New Construction
For Sale
$430,000
Pending
Ab-9309 Caddo Road, Houston, TX 77078
Both residences offer three bedrooms, two bathrooms, open dining areas, and private side yards.
Property Size2,603 SF
Days on Market25
Property Features for Ab-9309 Caddo Road
General Information
Standard status
Pending
Size
2,603 SF
Property subtype
Residential Income
Site & Location
Neighborhood
East Little York / Homestead
Highway Access
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,392
Building Details
Buildings
1
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Lina Monteverde
(832) 205-0423
Source:
Exprealty
Added: Oct 10
Changed: Oct 31
Last Checked: Nov 3 at 8:14AM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
This new-construction duplex in Kentshire Place totals 2,603 square feet and contains two identical residences, each with three bedrooms and two bathrooms. Interior finishes include vaulted ceilings, wood-plank flooring, geometric light fixtures, and kitchens with white shaker cabinetry, brass hardware, navy tile backsplashes, gas ranges, and quartz counters. Glass doors connect each dining area to a private side yard. Bathrooms feature tiled showers, quartz vanities, and brass fixtures.
The property is in Northeast Houston, 8 miles from Generation Park, a 4,300-acre master-planned development with corporate campuses, educational facilities, dining, and retail. Access routes include I-610, Tidwell, and Wayside.
The property is in Northeast Houston, 8 miles from Generation Park, a 4,300-acre master-planned development with corporate campuses, educational facilities, dining, and retail. Access routes include I-610, Tidwell, and Wayside.
Key Highlights
- Two identical residences, each with 3 bedrooms and 2 bathrooms
- 2,603 square feet of new construction
- Vaulted ceilings, wood‑plank flooring, and geometric lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,093
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$681,860
$681.9K
Cap Rate 7%
$487,043
$487.0K
Cap Rate 9%
$378,811
$378.8K
Market Conditions
NOI Build-Up for 2,603 SF
Gross rent
$51.5K $19.80/SF
− Vacancy
−$2.8K −$1.09/SF
EGI
$48.7K $18.71/SF
− OpEx
−$14.6K −$5.61/SF
NOI
$34.1K $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%
$681,860
Cap Rate 7%
$487,043
Cap Rate 9%
$378,811
Alternative Uses
Best Use
Multifamily LT 5
$487.0K
$426.2K – $568.2K
NOI $34,093 @ 7.0% cap · market cap 7.93%
Second Best
Apartment 5plus
$421.3K
$368.6K – $491.5K
NOI $29,490 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$669.3K
$585.7K – $780.9K
NOI $46,854 @ 7.0% cap · market cap 10.90%
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
331
Businesses Nearby
Explore this area
Business Placement
Demographics for 77078, TX
14,855
Population
5,607
Households
2.6
Avg Household Size
33
Median Age
12%
College-Educated
73%
High-School Grad
10.3 sq mi
ZIP Area
1,442
Density / Sq Mi
$38,838
Median Household Income
$28,600
Median Earnings
$1,336
Median Rent
$151,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer three bedrooms, two bathrooms, open dining areas, and private side yards.
Where is this duplex located?
The property is located at Ab-9309 Caddo Road Houston, TX.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Two identical residences, each with 3 bedrooms and 2 bathrooms; 2,603 square feet of new construction; Vaulted ceilings, wood‑plank flooring, and geometric lighting
