Houston Duplex Investment Opportunity | New Construction | 2 Units

🏗️ PROPERTY DETAILS
Property Type: Multifamily
Subtype: Duplex
Listing Type: For Sale
Building Size: 2,870 SF
Lot Size: 3,462 SF
Units: 2
Year Built: 2026
Stories: 2
Bedrooms: 6 total
Bathrooms: 5 total
Garage: 2 spaces
Market: Northeast Houston
Submarket: Houston
County: Harris County________________________________________
💵 INCOME POTENTIAL
🟢 Long-Term Rental Strategy
• Monthly Rent (per unit): $2,055
• Total Monthly Income: $4,110
• Annual Gross Income: $49,320
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📊 OPERATING EXPENSES
• Property Taxes: $8,841/year
• Insurance: $5,200/year
• Maintenance (8%): $3,946
• Vacancy (5%): $2,466
• Property Management (8%): $3,946
👉 Total Expenses: $24,398/year
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🟢 NET OPERATING INCOME (NOI)
👉 NOI: $24,922/year
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📈 PROJECTED RETURNS
• Pro-Forma Cap Rate: 4.79%
• GRM: 10.54
• Price per Unit: $260,000
Returns are based strictly on the rental, expense, tax, and insurance assumptions provided and do not include financing, closing costs, or capital expenditures.
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⭐ INVESTMENT HIGHLIGHTS
• 🏠 Duplex with 2 income-producing units
• 💵 Approximately $4,110/month in projected long-term rent
• 📈 Approximately $49,320/year gross scheduled rental income
• 📊 Estimated $24,922 annual NOI
• 🔑 Potential to pursue either long-term or short-term rental strategies
• 💰 $260,000 purchase price per unit
• 📍 Houston investment property in the 77028 market
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🚀 INVESTMENT EDGE
The property's two-unit configuration provides multiple income strategies. An investor can operate both units as traditional rentals, explore short-term rental opportunities where permitted, or potentially use a hybrid strategy.
The STR assumption of up to $200/night per unit creates substantially higher gross-revenue potential than the projected long-term rental income, although STR revenue comes with additional operating costs, occupancy variability, furnishing costs, platform fees, utilities, and local regulatory considerations.
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🏡 SHORT-TERM RENTAL (AIRBNB) STRATEGY
💲 Projected Nightly Rate
Up to $200 per night (per unit)
🏢 Full Duplex Potential — 2 Units Combined
Conservative — 50% Occupancy
• Nightly Revenue: $400
• Monthly Revenue: ~$6,083
• Annual Revenue: ~$73,000
Moderate — 65% Occupancy
• Nightly Revenue: $400
• Monthly Revenue: ~$7,908
• Annual Revenue: ~$94,900
High Performance — 75% Occupancy
• Nightly Revenue: $400
• Monthly Revenue: ~$9,125
• Annual Revenue: ~$109,500
STR projections are gross revenue estimates before Airbnb/platform fees, cleaning, utilities, furnishings, supplies, management, maintenance, taxes, insurance, vacancy/occupancy fluctuations, and other operating expenses.
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⭐ WHY THIS WORKS FOR AIRBNB
• 🏡 Two separate units can generate revenue independently.
• 💲 A potential $200/night per-unit rate provides a higher gross-revenue ceiling than traditional leasing.
• 📈 At 65% occupancy, the two units could generate approximately $94,900/year in gross STR revenue.
• 🔄 Two units provide diversification compared with relying on a single rental unit.
• 🎯 The property can potentially target traveling professionals, relocation tenants, contractors, families, and other short-term visitors.
Key takeaway: At the supplied assumptions, the long-term strategy produces about $49,320 in annual gross rent and $24,922 NOI, while the STR scenario has a projected gross revenue range of approximately $73,000–$109,500/year depending on occupancy.

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

Location:

Houston, TX 77028