Modern Duplex with Open
For Sale
$460,000
Ab-961 Ringold St, Houston, TX 77088
Contemporary income property with designer cabinetry, smart-security wiring, and an outdoor area suited to gatherings or pets.
Property Size2,722 SF
Price / SF$168.99
Days on Market57
Property Features for Ab-961 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
Listing Agency:
Braden Real Estate Group
(832) 408-9882
Listed By:
Nicole Handy · License #0623605
(832) 500-5426
Source:
Exprealty
Added: Aug 22
Changed: Oct 8
Last Checked: Oct 16 at 2:14PM
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 in Houston’s Acres Homes community features open-concept living areas and contemporary kitchens with European-style designer cabinetry. The property is pre-wired for an alarm system and includes video-enabled doorbell wiring, allowing for future security enhancements. A backyard provides space for entertaining, pets, or additional outdoor improvements.
The property is positioned near major highways, shopping, dining, parks, and Downtown Houston. Its duplex configuration and modern interior features provide a residential income property format with flexible outdoor space and updated design elements.
The property is positioned near major highways, shopping, dining, parks, and Downtown Houston. Its duplex configuration and modern interior features provide a residential income property format with flexible outdoor space and updated design elements.
Key Highlights
- 2,722 SF duplex in Houston’s Acres Homes community
- Open‑concept living areas designed for flexible daily use and entertaining
- 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 - Contemporary income property with designer cabinetry, smart-security wiring, and an outdoor area suited to gatherings or pets.
Where is this duplex located?
The property is located at Ab-961 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 in Houston’s Acres Homes community; Open‑concept living areas designed for flexible daily use and entertaining; Contemporary kitchens with European‑style designer cabinetry
