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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Apartment buildings
2420 Mcduffie St 10, Houston, TX 77019-6752
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4739871
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1950
Construction
WOOD FRAME
Total area
4,534 SF
Lot
0.21 ac (9,243 SF)
APN
291720050005
UPID
US82-4739871
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$355k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$517k
Blend (final)
Blend
$555k
Owner & transaction history
1608 Welch INC · 6 yrs held
1608 Welch INC
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$785,000
+107.4%
Retail stores
$470,000
+24.8%
Auto repair, garage
$425,000
+12.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Houston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Houston submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$380,000
Current use
COMMERCIAL (GENERAL)
$785,000
Change: +107% · Conversion: Moderate
RETAIL STORES
$470,000
Change: +25% · Conversion: Difficult
AUTO REPAIR, GARAGE
$425,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$122 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$28,207
Tax year 2022
Assessed value
$1,488,301
Assessed 2024
Previous assessed
$1,400,000
+6.3% YoY
Effective rate
1.90%
On assessed value
Assessed land
$970,515
Assessed improvement
$517,786
Land market value
$970,515
Improvement market value
$517,786
Total market value
$1,488,301
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1950
Construction
WOOD FRAME
Heating
RADIANT
Cooling
NONE
Buildings
3
Stories
2
Rooms
1
Bathrooms
3
Total area
4,534 SF
Lot
0.21 ac (9,243 SF)
APN
291720050005
UPID
US82-4739871
Jurisdiction
HARRIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$380,000
COMMERCIAL (GENERAL)
Est. value
$785,000
RETAIL STORES
Est. value
$470,000
AUTO REPAIR, GARAGE
Est. value
$425,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1950
Construction
WOOD FRAME
Heating
RADIANT
Cooling
Yes
Stories
2
Buildings
3
Rooms
1
Bathrooms
3
Lot
0.21 ac
Current owner
From public records · entity-resolved
1608 Welch INC
Entity
Mailing address
5714 DUMFRIES DR, HOUSTON, TX 77096-4802
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2020
—
1608 Welch INC
—
Deed
related
$400,000 · Norf 3 Opportunity Zone Fund L
Oct 21, 2020
—
1608 Welch INC
—
Deed
related
$400,000 · Norf 3 Opportunity Zone Fund L
Apr 6, 2020
—
1608 Welch INC
Berlanga Brothers Invs INC
Warranty Deed
$1,040,000 · Chasewood Bk
May 22, 2019
—
Berlanga Brothers Invs INC
—
Deed
related
$495,000 · Allegiance Bk
Apr 18, 2019
—
Berlanga Brothers Invs INC
Second Wind Investments LLP
Warranty Deed
related
—
Mar 22, 2019
—
Second Wind Investments LLP
Berlanga Brothers Invs INC
Warranty Deed
related
—
Aug 25, 2016
—
Berlanga Brothers Invs INC
Berlanga,tristan
Quit Claim Deed
related
—
Oct 2, 2015
—
Tristan Berlanga
Berlanga Brothers Invs INC
Quit Claim Deed
related
—
Aug 4, 2015
—
Berlanga Brothers Invs INC
Berlanga,tristan
Quit Claim Deed
related
—
Feb 4, 2015
—
Tristan Berlanga
Shields Catherine
Warranty Deed
related
—
—
—
Berlanga Brothers Invs INC
—
Deed Of Trust
related
$495,000 · Allegiance Bk
—
—
Thomas Dunne Trustee
—
Deed Of Trust
related
$185,000 · Seller
—
—
Thomas Y Dunne Trustee
—
Deed Of Trust
related
$25,000 · Heritage Bank
—
—
1608 Welch INC
—
Deed Of Trust
related
$400,000 · Norf 3 Opportunity Zone Fund L
—
—
1608 Welch INC
—
Deed Of Trust
related
$400,000 · Norf 3 Opportunity Zone Fund L
—
—
Thomas T Dunne
—
Deed Of Trust
related
$35,000 · Heritage Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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