Modern Duplex With Open Living
For Sale
$460,000
Ab-959 Ringold St, Houston, TX 77088
Two-unit residential property with contemporary kitchens, smart-security wiring, and outdoor space in Houston’s Acres Homes community.
Property Size2,722 SF
Price / SF$168.99
Days on Market63
Property Features for Ab-959 Ringold St
General Information
Standard status
Active
Size
2,722 SF
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,298
Building Details
Buildings
1
Listing Agency:
Braden Real Estate Group
(832) 408-9882
Listed By:
Nicole Handy · License #0623605
(832) 500-5426
Source:
Exprealty
Added: Aug 16
Changed: Oct 7
Last Checked: Oct 16 at 2:15PM
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 Braden Real Estate Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,722-square-foot duplex is configured as a three-bedroom, two-bath residential property with oversized open living areas in each unit. The kitchens feature contemporary European-style cabinetry, while prewiring for an alarm system and video doorbell supports future security additions. A backyard provides outdoor space for entertaining, pets, or additional improvements.
The property is located in Houston’s Acres Homes community, with access to major highways, shopping, dining, parks, and Downtown Houston. Its two-unit layout and updated design elements provide a clearly defined residential income property format.
The property is located in Houston’s Acres Homes community, with access to major highways, shopping, dining, parks, and Downtown Houston. Its two-unit layout and updated design elements provide a clearly defined residential income property format.
Key Highlights
- 2,722 SF duplex with a three‑bedroom, two‑bath configuration
- Oversized open‑concept living areas in each unit
- Contemporary kitchens with European‑style designer cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,652
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$713,040
$713.0K
Cap Rate 7%
$509,314
$509.3K
Cap Rate 9%
$396,133
$396.1K
Market Conditions
NOI Build-Up for 2,722 SF
Gross rent
$53.9K $19.80/SF
− Vacancy
−$3.0K −$1.09/SF
EGI
$50.9K $18.71/SF
− OpEx
−$15.3K −$5.61/SF
NOI
$35.7K $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%
$713,040
Cap Rate 7%
$509,314
Cap Rate 9%
$396,133
Alternative Uses
Best Use
Multifamily LT 5
$509.3K
$445.7K – $594.2K
NOI $35,652 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$440.5K
$385.5K – $514.0K
NOI $30,838 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$699.9K
$612.5K – $816.6K
NOI $48,996 @ 7.0% cap · market cap 10.65%
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
729
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-unit residential property with contemporary kitchens, smart-security wiring, and outdoor space in Houston’s Acres Homes community.
Where is this duplex located?
The property is located at Ab-959 Ringold St Houston, TX.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: 2,722 SF duplex with a three‑bedroom, two‑bath configuration; Oversized open‑concept living areas in each unit; Contemporary kitchens with European‑style designer cabinetry
