Income-Producing Duplex with Immediate Rental Potential

Stunning 2024 modern duplex featuring luxurious finishes and a prime location just 10 minutes from the Medical Center and 20 minutes from Downtown Houston. Each unit offers 1,719 sq. ft. of spacious living with 3 bedrooms, 2.5 bathrooms, an open-concept layout, and elegant tile flooring throughout—no carpet. The kitchens are equipped with ample cabinetry, oversized islands, and stainless steel appliances. Additional highlights include chimney, wood accents, LED lighting, and a luxurious primary suite with a private balcony, walk-in closet, and spa-style bathroom with a rain shower. One unit is already rented to start collecting rent from day one while to other is vacant for the owner to live in one unit if needed. With a low tax rate and high-end design, this is a turn-key investment opportunity in a prime location.
MORE DETAILS AND PICTURES HERE: https://www.har.com/homedetail/4929-wilmington-st-houston-tx-77033/16950492?lid=10580481&cid=walel
Investment highlights
Duplex = dual income streams
STR + LTR flexibility
Strong Houston rental demand
Value-add upside through rent optimization
Ideal for house hacking or BRRRR strategy
Located in a growing Houston submarket
No HOA
High cash flow potential

📌 EXECUTIVE SUMMARY
Brand-new 2024 modern duplex located minutes from Houston’s Medical Center, offering a prime investment or house-hack opportunity. Each spacious unit features 3 bedrooms, 2.5 bathrooms, and 1,719 SF of thoughtfully designed living space with high-end finishes throughout.
The property includes open-concept layouts, oversized kitchen islands, stainless steel appliances, tile flooring (no carpet), and luxurious primary suites with private balconies and spa-style bathrooms.
One unit is already leased, providing immediate income, while the second unit is vacant—ideal for owner occupancy or additional rental income. This turnkey asset combines strong rental potential with modern design in a rapidly growing area.
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💵 INCOME POTENTIAL
🟢 Long-Term Rental Strategy
• Monthly Rent (per unit): $1,900
• Total Monthly Income: $3,800
• Annual Gross Income: $45,600
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📊 OPERATING EXPENSES
• Property Taxes: $9,040/year
• Insurance: $1,800/year (est.)
• Maintenance (8%): $3,648
• Vacancy (5%): $2,280
• Property Management (8%): $3,648
👉 Total Expenses: $20,416/year
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🟢 NET OPERATING INCOME (NOI)
👉 NOI: $25,184/year
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📈 PROJECTED RETURNS
• Cap Rate: 4.66%
• GRM: 11.84
• Price per Unit: $270,000
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⭐ INVESTMENT HIGHLIGHTS
• Duplex = 2 income streams
• Strong Houston rental demand
• Flexible exit strategies (sell, refi, or STR conversion)
• Scalable income through Airbnb optimization
• Ideal for house hacking or portfolio diversification
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🚀 INVESTMENT EDGE
This deal stands out because it offers:
• Stable baseline cash flow (LTR)
• Upside through STR conversion
• Entry into a major Texas growth market
• Ability to increase rents or optimize operations
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🏡 SHORT-TERM RENTAL (AIRBNB) STRATEGY
💲 Projected Nightly Rate:
Up to $150/night (per unit)
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🏢 Full Duplex Potential (2 Units Combined = $300/night)
• Conservative (50% Occupancy)
• Monthly Revenue: ~$4,500
• Annual Revenue: ~$54,000
• Moderate (65% Occupancy)
• Monthly Revenue: ~$5,850
• Annual Revenue: ~$70,200
• High Performance (75% Occupancy)
• Monthly Revenue: ~$6,750
• Annual Revenue: ~$81,000
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⭐ WHY THIS WORKS FOR AIRBNB
• Houston has year-round demand (medical, business, events)
• Duplex layout = multiple bookings simultaneously
• Higher revenue potential vs traditional renting
• Ability to mix STR + MTR + LTR strategies
• Strong ROI upside with professional management & optimization

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

Location:

4929 Wilmington St A/B St, Houston, TX 77033