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For sale about 1 month ago

$415,000

rooms 0 ba 2514 sqft

9103 Grady Street #A / B, Houston, TX 77016

Commercial Multifamily

Current Rent **

N/A

Projected Rent **

$3,566

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Cash-Flow Ready Duplex in Houston | Separate Yards & Garages

*Seller concession offered with full price offer* New construction duplex WITH GARAGES! Clean, modern feel and efficient use of space. Each unit is 1,257 sq ft and offers 3 bedrooms, 2.5 baths. The first floor features the living room, kitchen/dining, half bathroom and garage. Upstairs has 3 bedrooms and 2 full bathrooms. The master suite features its own private bathroom and walk-in closet. Both sides include a single-car garage and their own separately fenced backyard, plus a fully gated front entry that adds privacy and security. Each unit has its own water and electric meter. Appliances (microwave, dishwasher, oven) + stackable washer and dryer are included with the sale!

Investment highlights
New Construction Duplex
2 Units – 3 Bed / 2.5 Bath Each
Separate Water & Electric Meters
Private Garages for Each Unit
Separate Fenced Backyards
Fully Gated Front Entrance
Stainless Steel Appliances Included
Washer & Dryer Included
Ideal for House Hacking or Investment
Minutes from Downtown Houston
Strong Rental Demand Area

🏗️ PROPERTY DETAILS
Building Size:
2,514 SF
Lot Size:
6,937 SF (0.16 Acres)
Year Built:
2026
Stories:
2
Number of Units:
2
Unit Mix:
2 × 3 Bed / 2.5 Bath Units
Parking:
2 Single-Car Garages
Occupancy:
Vacant
Investment Type:
Value-Add / Turnkey Rental / House Hack
Market:
Houston – Northside
Submarket:
North Shadydale
MLS Number:
98163364
________________________________________
📌 EXECUTIVE SUMMARY
This Houston duplex offers strong cash flow potential with both long-term and short-term rental strategies. With stable rental demand and flexible income opportunities, this property is positioned well for investors seeking cash flow and appreciation potential.
________________________________________
💵 INCOME POTENTIAL
🟢 Long-Term Rental Strategy
• Monthly Rent (per unit): $1,783
• Total Monthly Income: $3,566
• Annual Gross Income: $42,792
________________________________________
📊 OPERATING EXPENSES
• Property Taxes: $8,300/year
• Insurance (estimated): $2,200/year
• Maintenance (8%): $3,423/year
• Vacancy (5%): $2,140/year
• Property Management (8%): $3,423/year
👉 Total Expenses: $19,486/year
________________________________________
🟢 NET OPERATING INCOME (NOI)
👉 NOI: $23,306/year
________________________________________
📈 PROJECTED RETURNS
• Cap Rate: 5.62%
• GRM: 9.70
• Price per Unit: $207,500
________________________________________
⭐ INVESTMENT HIGHLIGHTS
✅ Duplex layout allows multiple exit strategies
✅ Strong Houston rental market demand
✅ Opportunity for both cash flow and appreciation
✅ Ideal for long-term investors or Airbnb operators
✅ Scalable investment with two income-producing units
________________________________________
🚀 INVESTMENT EDGE
This property provides flexibility for investors looking to maximize returns through either traditional leasing or short-term rentals. The duplex setup helps reduce vacancy risk while increasing overall revenue potential.
________________________________________
🏡 SHORT-TERM RENTAL (AIRBNB) STRATEGY
💲 Projected Nightly Rate:
Up to $150 per night (per unit)
________________________________________
🏢 Full Duplex Potential (2 Units Combined)
• Conservative (50% Occupancy)
• Monthly Revenue: ~$4,500
• Annual Revenue: ~$54,750
• Moderate (65% Occupancy)
• Monthly Revenue: ~$5,850
• Annual Revenue: ~$71,175
• High Performance (75% Occupancy)
• Monthly Revenue: ~$6,750
• Annual Revenue: ~$82,125
________________________________________
⭐ WHY THIS WORKS FOR AIRBNB
✅ Two separate units maximize booking flexibility
✅ Houston attracts medical, business, and relocation travelers
✅ Higher income potential versus traditional leasing
✅ Ideal setup for traveling professionals and families
✅ Ability to operate one unit while renting the other for added flexibility

Wale Lawal
REALTOR | INVESTOR, LPT Realty, LLC
(832) 776-9582 (p) | (832) 776-9582 (m)
[email protected]

Location:

9103 Grady Street #A / B, Houston, TX 77016

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.