Duplex, Fourplex and Small Multifamily Development in Texas

Houston, Texas
Land & New Construction
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Duplex, Fourplex and Small Multifamily Development in Texas

Sean YorkPro Member
Developer · Houston, TX · Member since 2019 · 52 posts · 12 votes

I am currently looking to grow my business in the real estate development arena, focusing on Duplex, Fourplex and Small Multifamily ideally in my backyard in NW Houston,  but open to pursuing opportunities in San Antonio & Austin as well.  What are your thoughts on pursuing this strategy, advise.  Looking to connect with like minded folks that would like to pursue similar strategy.  

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John Chong
Lender · Houston, TX · Member since 2023 · 235 posts · 255 votes
3y

Houston is a great market and will only continue to grow. Are you looking to build in Cypress?

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  • Nicholas Ruscio
    Lender · Member since 2023 · 112 posts · 35 votes
    3y

    Hi Sean, 
    Houston is a hot market for real estate. Keep in the mind the cost of flood insurance when searching in the North west area. Even far inland there can be flood requirements to close. 

    I would look into a DCSR or fix and flip loan to get you started. They are great for multi-family homes. 

    Feel free to send me a DM with any questions.

    0Reply
  • Account Closed
    Real Estate Agent · San Antonio, TX · Member since 2016 · 67 posts · 58 votes
    3y

    Hi @Sean York I can't speak much to Houston but since you mentioned SA...

    I see most of the small multi new builds/developments outside of SA's city center. There are a number of new development duplexes being built as you get around the 1604 loop. I have some clients looking into them but most of them are sitting now and have been for some time. The price points have gotten to the level that it just doesn't make a lot of sense for investors or even house hackers. Good looking assets, nice builds, etc. but they're just sitting. 

    I also had clients purchase a new construction duplex in the Converse area but that was a few years ago before they started creeping into the $500k+ range. 

    It's a good strategy provided you can best the competition, bc there's a major need for quality small multi inventory here. 

    1Reply
  • Jordan MoorheadBusiness Member
    Real Estate Agent · Austin, TX · Member since 2015 · 5k+ posts · 3k+ votes
    3y

    @Sean York sounds like a great plan as long as you can get the numbers to work out!

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  • John Chong
    Lender · Houston, TX · Member since 2023 · 235 posts · 255 votes
    3y

    Houston is a great market and will only continue to grow. Are you looking to build in Cypress?

    1Reply
  • Sean York
    Member since 2020 · 6 posts · 2 votes
    3y

    Yes anywhere there is growth from west side to northside along 99 corridor where I can get a lot that will support duplex/fourplex or townhomes.

    1Reply
  • Ron Dancy
    Real Estate Consultant · Houston, TX · Member since 2017 · 114 posts · 44 votes
    3y

    @Sean York I am working on few packages for Duplex projects. Would you be interested on the NE side? Also, new builds?

    0Reply
  • Sean York
    Member since 2020 · 6 posts · 2 votes
    3y

    yes.  let's connect.  

    0Reply
  • Gustavo Delgado
    Houston, TX · Member since 2015 · 261 posts · 170 votes
    3y

    I know someone that may have two lots available, roughly 1/2 an acre combined in the cleveland area

    0Reply
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