Luxury New-Build Duplex | 6 Beds Total | High Rental Demand

New construction duplex completed in 2025, located in Houston's Griggs Terrace, University Area. Never lived in. Two fully independent 3-bed/2.5-bath units, each with a private 2-car garage and fenced backyard. 3,536 sq ft total, two-story layout with high ceilings, large windows, and luxury vinyl plank flooring throughout. Kitchen (10x16): quartz countertops, stainless steel appliances, island, two-tone cabinetry. Primary suite (13x15): dual-sink vanity, quartz counters, tiled tub/shower. Secondary bedrooms: 12x10 and 11x10. Half bath on main floor. Laundry connections per unit. Refrigerator, microwave, dishwasher, disposal, and alarm system included. Living room: 19x18. Central electric/gas HVAC. Composition roof. 5,000 sq ft lot. No HOA. No restrictions. Floor plan attached. Minutes from Texas Medical Center, University of Houston, TSU, Downtown Houston, Midtown, and the Museum District.

Investment highlights
• Brand-New 2025 Duplex – Low maintenance, turnkey investment
• 2 Units | 3 Bed / 2.5 Bath Each (6 Beds Total) – Strong rental demand
• Prime Location – Near Texas Medical Center, University of Houston & Downtown
• Large 3,536 SF Layout – Modern design supports premium rents
• Dual Strategy Flexibility – Long-term rental or Airbnb upside
• Private Garages + Backyards – Rare duplex features, boosts tenant appeal
• House Hack Friendly – Live in one, rent the other
• Appreciation Potential – Located in a growing Houston submarket

💵 INCOME POTENTIAL
🟢 Long-Term Rental Strategy
• Monthly Rent (per unit): $2,150
• Total Monthly Income: $4,300
• Annual Gross Income: $51,600
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📊 OPERATING EXPENSES
• Property Taxes: ~$10,058/year
• Insurance: ~$2,000/year (estimated)
• Maintenance (8%): $4,128
• Vacancy (5%): $2,580
• Property Management (8%): $4,128
👉 Total Expenses: ~$22,894/year
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🟢 NET OPERATING INCOME (NOI)
👉 NOI: ~$28,706/year
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📈 PROJECTED RETURNS
• Cap Rate: ~5.04%
• GRM: ~11.03
• Price per Unit: $284,800
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⭐ INVESTMENT HIGHLIGHTS
• Duplex = dual income streams
• Strong Houston rental demand
• Balanced cash flow + appreciation play
• Flexibility: Long-term or short-term strategy
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🚀 INVESTMENT EDGE
This deal stands out by offering hybrid investment potential—you can lock in steady tenants or pivot to short-term rentals for higher revenue. Perfect for investors looking to maximize yield in a growing market.
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🏡 SHORT-TERM RENTAL (AIRBNB) STRATEGY
💲 Projected Nightly Rate:
Up to $150 per night (per unit)
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🏢 Full Duplex Potential (2 Units Combined)
• Conservative (50% Occupancy)
• Monthly Revenue: ~$4,500
• Annual Revenue: ~$54,000
• Moderate (65% Occupancy)
• Monthly Revenue: ~$6,000
• Annual Revenue: ~$72,000
• High Performance (75% Occupancy)
• Monthly Revenue: ~$6,900
• Annual Revenue: ~$82,800
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⭐ WHY THIS WORKS FOR AIRBNB
• Houston has year-round travel demand (medical, business, events)
• Duplex setup allows multiple bookings simultaneously
• Strong upside vs long-term rents
• Ideal for mid-term rentals (travel nurses, corporate stays) as well

Wale Lawal
Real Estate Broker & Advisor
The Networth Builders Team
Brokered By: LPT Realty
Cell: 832-776-9582
Email: [email protected]

Location:

Houston, TX 77021