Duplex
5017 Boicewood St · Houston, TX
Flood risk 3/10 · Minor
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.2%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $1,222 – $2,270
Heat risk 9/10 · Severe
- Hot days now (above 109°F)
- 7 days/yr
- Hot days in 30 yrs
- 24 days/yr
Wind risk 9/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 3 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the B+ grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +26.6/30.0
- ARV discount +15.0/15.0
- Appreciation +9.3/10.0
- DSCR +9.1/10.0
- 1% rule +7.7/10.0
- Condition / age +4.0/5.0
- Livability +3.7/5.0
- Rent growth +2.6/5.0
- Schools +2.1/10.0
$199,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Fully vacant duplex with two separate 2-bedroom, 1-bath units under one roof. Immediate lease-up opportunity for investors seeking cash flow, value-add upside, or owner-occupants looking to live in one unit and rent the other. Fully fenced property with convenient access to US-59/I-69, Downtown Houston, shopping, schools, and employment centers. Strong potential for long-term hold or portfolio expansion. Property sold AS-IS.
Key facts
- Near schools
- Near shopping
- Near public transit
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2 × 2-bed/1.0-bath units multifamily listed at $199k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $530 ($6k/yr) — positive. Per door: $265/mo.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($3k rent vs $199k).
- Recommended offer: $175k (12.0% below list) — sets the bar for market timing.
- Cap rate 9.5% vs local median 3.1% in Houston — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 74/100 on livability (#184 in TX, #4,771 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, cost of living A+, housing A+; Watch: crime F.
- Houston ISD (urban): math 27% / reading 35% proficiency, ranked #593 of 826 in TX (top 72%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 71% free/reduced lunch — lower-income household profile, screen leases tightly.
- Zoned schools: Cook Jr El (math 22% / reading 37%, grade F, #2,525 of 4,322 statewide, top 62%, 519 students, 96% FRL); Key Middle (math 10% / reading 20%, grade F, #1,569 of 1,662 statewide, top 95%, 615 students, 100% FRL); Kashmere H S (math 14% / reading 22%, grade F, #1,445 of 1,632 statewide, top 89%, 725 students, 96% FRL) — zoned schools average 97% FRL vs 71% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Market conditions: Rents flat; 467 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals lingering (median 66d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 74% of comp listings sitting > 30 days — soft ceiling on asking rent; 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).
Forward outlook
- In year one you build about $19k of equity ($1k loan paydown + $17k appreciation (8.7% local appreciation)).
- Harris County population projected at +47% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
- At projected returns (8.7% appreciation + 0.4% rent growth), your $56k cash investment doubles in ~3 years — after that, you're playing with house money.
- By year 3, paydown + projected appreciation supports a ~$47k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.
Negotiation context
- It's been on market 329 days — a 12% lower offer ($175k) is reasonable based on typical stale-listing flexibility.
- 8 sale attempts since 6y ago; this cycle's ask has dropped $41k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- It's been on market 329 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
- What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
- Built in 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
- Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 1.27% ✓
- Cap rate
- 9.49%
- Cash-on-cash
- 11.41%
- DSCR
- 1.51
- GRM
- 6.6
CMA / ARV
- ARV (median comp)
- $294,942
- List price
- $199,000
- Delta
- -32.53%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 6 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 4802 Cruse Rd | 0.40mi | 4/2.0 (+1) | 1,640 (+2%) | 19mo | $300,000 | $183 | 56 |
| 4806 Cruse Rd | 0.40mi | 2/2.0 (-1) | 1,640 (+2%) | 20mo | $300,000 | $183 | 55 |
| 8119 Bertwood St | 0.72mi | 2/1.0 (-1) | 1,519 (-6%) | 3mo | $199,900 | $132 | 47 |
| 4402 June St | 0.78mi | 4/2.0 (+1) | 1,600 (-1%) | 19mo | $134,000 | $84 | 41 |
| 5102 Haywood St | 1.07mi | 4/— (+1) | 1,788 (+11%) | 16mo | $350,000 | $196 | 29 |
| 8514 Spaulding St | 0.85mi | 4/1.0 (+1) | 1,500 (-7%) | 24mo | $155,000 | $103 | 27 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
8.65% appreciation · 0.44% rent growth · sell at horizon
- IRR
- 28.8%
- Equity multiple
- 3.11×
- Total profit
- $117,809
- Equity at exit
- $160,051
- IRR
- 24.6%
- Equity multiple
- 6.49×
- Total profit
- $305,796
- Equity at exit
- $326,548
Cash invested: $55,720 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 87 Strongly Landlord-Friendly
- State Texas
- 87 Strongly Landlord-Friendly · R+5
- County
- — inherits STATE
- City
- — inherits STATE
Active competition Active MLS
- For sale now
- 3 active
- Months of supply
- 18.0 mo (6%/mo absorbed)
- Median asking
- $255,000 ($142/sqft)
- Median days on market
- 417 d
- This list price
- lowest-priced of the active set
- ARV vs active asking
- +29.1% above current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 77016
- Home prices YoY
- 2.8%
- Rents YoY
- 0.4%
- Active inventory
- 467
- Price-to-rent
- 13.2×
Monthly cashflow live
- Estimated rent
- $2,518 high interval (Pro) →
- Mortgage (P&I)
- −$1,044
- Tax from tax record
- −$333 /mo · $3,997/yr
- Insurance
- −$83
- HOA
- −$0
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$529
- Net cashflow
- $530
2-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 2× units | 2 | 1 | $2,518 |
| #1 | 2 | 1 | $1,259 |
| #2 | 2 | 1 | $1,259 |
| Total (2 units) | $2,518 | ||
Break-even live
Sensitivity live
| Price | -10% $642 | -5% $586 | +0% $530 | +5% $473 | +10% $417 |
|---|---|---|---|---|---|
| Rent | -10% $331 | -5% $430 | +0% $530 | +5% $629 | +10% $729 |
| Rate | -1.0pp $630 | -0.5pp $580 | base $530 | +0.5pp $478 | +1.0pp $426 |
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $49,750
- Closing costs
- $5,970
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 5206 Firnat St Houston, TX | 3.0 | 2.5 | — | $2,000 | — | 73d | 1 | 0.14mi |
| 5114 Laura Koppe Rd Unit A Houston, TX | 2.0 | 1.0 | — | $1,100 | — | 66d | 1 | 0.20mi |
| 9222 Lockwood Dr Unit 17 Houston, TX | 2.0 | 1.0 | — | $849 | — | 93d | 1 | 0.22mi |
| 5318 Laura Koppe Rd Apt 7 Houston, TX | 1.0 | 1.0 | 650 | $1,050 | $1.62 | 21d | 1 | 0.24mi |
| 9105 Grady St Houston, TX | 3.0 | 2.0 | — | $1,400 | — | 65d | 1 | 0.25mi |
| 9105 Grady St Houston, TX | 3.0 | 2.0 | — | $1,400 | — | 16d | 1 | 0.25mi |
| 8639 Peachtree St Unit A Houston, TX | 3.0 | 2.5 | 1150 | $1,750 | $1.52 | 93d | 1 | 0.26mi |
| 8627 Wileyvale Rd Unit A Houston, TX | 2.0 | 1.0 | — | $1,325 | — | 13d | 1 | 0.27mi |
| 8627 Peachtree St Unit A Houston, TX | 2.0 | 2.0 | — | $1,500 | — | 17d | 1 | 0.28mi |
| 9313 Sandra St Houston, TX | 2.0 | 1.0 | 1008 | $1,975 | $1.96 | 4d | 1 | 0.31mi |
| 8605 Wileyvale Rd Unit B Houston, TX | 3.0 | 2.5 | — | $1,710 | — | 10d | 1 | 0.33mi |
| 9407 Sandra St Houston, TX | 1.0 | 1.0 | — | $950 | — | 93d | 1 | 0.34mi |
| 9407 Sandra St Houston, TX | 2.0 | 1.0 | — | $900 | — | 57d | 1 | 0.34mi |
| 9407 Sandra St Unit D Houston, TX | 1.0 | 1.0 | — | $800 | — | 65d | 1 | 0.34mi |
| 9407 Sandra St Houston, TX | 1.0 | 1.0 | — | $950 | — | 63d | 1 | 0.34mi |
| 9407 Sandra St Houston, TX | 2.0 | 1.0 | — | $900 | — | 65d | 1 | 0.34mi |
| 9406 Sandra St Unit A Houston, TX | 3.0 | 2.0 | — | $1,900 | — | 93d | 1 | 0.34mi |
| 9406 Sandra St Unit A Houston, TX | 3.0 | 2.0 | — | $1,900 | — | 70d | 1 | 0.34mi |
| 8508 Wileyvale Rd Unit A Houston, TX | 2.0 | 2.0 | — | $1,550 | — | 24d | 1 | 0.36mi |
| 8508 Wileyvale Rd Unit B Houston, TX | 2.0 | 2.0 | — | $1,550 | — | 93d | 1 | 0.36mi |
| 8508 Wileyvale Rd Houston, TX | 2.0 | 2.0 | 1504 | $1,650 | $1.10 | 93d | 1 | 0.36mi |
| 8506 Wileyvale Rd Unit A Houston, TX | 2.0 | 2.0 | — | $1,599 | — | 93d | 1 | 0.37mi |
| 4815 Cruse Rd Unit B Houston, TX | 3.0 | 2.0 | — | $2,200 | — | 24d | 1 | 0.39mi |
| 9422 Sandra St Unit B Houston, TX | 3.0 | 2.5 | 1461 | $1,875 | $1.28 | 93d | 1 | 0.39mi |
| 8922 Allwood St Houston, TX | 3.0 | 2.0 | — | $2,000 | — | 93d | 1 | 0.39mi |
| 4802 Cruse Rd Unit 1 Houston, TX | 2.0 | 2.0 | — | $1,400 | — | 10d | 1 | 0.40mi |
| 8414 Sandra St Unit A Houston, TX | 3.0 | 2.5 | — | $1,850 | — | 93d | 1 | 0.44mi |
| 4613 Ireland St Unit B Houston, TX | 3.0 | 2.5 | — | $2,350 | — | 93d | 1 | 0.45mi |
| 4613 Ireland St Unit B Houston, TX | 3.0 | 2.5 | — | $2,350 | — | 48d | 1 | 0.45mi |
| 9106 Bertwood St Unit D Houston, TX | 1.0 | 1.0 | — | $750 | — | 13d | 1 | 0.45mi |
| 9106 Bertwood St Unit A Houston, TX | 2.0 | 1.0 | — | $900 | — | 35d | 1 | 0.45mi |
| 9106 Bertwood St Houston, TX | 1.0 | 1.0 | — | $755 | — | 93d | 1 | 0.45mi |
| 5123 Peachtree St Unit 1/2 Houston, TX | 2.0 | 1.0 | — | $1,200 | — | 93d | 1 | 0.58mi |
| 5123 Peachtree St Unit 1/2 Houston, TX | 2.0 | 1.0 | — | $1,150 | — | 63d | 1 | 0.58mi |
| 8129 Hoffman St Houston, TX | 3.0 | 2.5 | — | $2,100 | — | 93d | 1 | 0.59mi |
| 8127 Hoffman St Houston, TX | 3.0 | 2.0 | — | $2,100 | — | 13d | 1 | 0.59mi |
| 8127 Hoffman St Houston, TX | 3.0 | 2.5 | — | $2,100 | — | 93d | 1 | 0.59mi |
| 8116 Sandra St Houston, TX | 2.0 | 1.0 | — | $1,300 | — | 52d | 1 | 0.60mi |
| 4419 Trigg St Unit B Houston, TX | 3.0 | 2.0 | 872 | $1,165 | $1.34 | 43d | 1 | 0.61mi |
| 4419 Trigg St Unit a Houston, TX | 3.0 | 2.0 | 872 | $1,145 | $1.31 | 93d | 1 | 0.61mi |
Listing history 50 events
-
2026-07-31days on market $199,000 Active 329 DOM
-
2026-07-30days on market $199,000 Active 328 DOM
-
2026-07-30days on market $199,000 Active 327 DOM
-
2026-07-28days on market $199,000 Active 326 DOM
-
2026-07-26days on market $199,000 Active 324 DOM
-
2026-07-23days on market $199,000 Active 321 DOM
-
2026-07-22days on market $199,000 Active 320 DOM
-
2026-07-21days on market $199,000 Active 319 DOM
-
2026-07-20days on market $199,000 Active 318 DOM
-
2026-07-18days on market $199,000 Active 316 DOM
-
2026-07-18days on market $199,000 Active 315 DOM
-
2026-07-16days on market $199,000 Active 314 DOM
-
2026-07-15days on market $199,000 Active 313 DOM
-
2026-07-14days on market $199,000 Active 312 DOM
-
2026-07-13days on market $199,000 Active 311 DOM
-
2026-07-11days on market $199,000 Active 309 DOM
-
2026-07-10days on market $199,000 Active 308 DOM
-
2026-07-09days on market $199,000 Active 307 DOM
-
2026-07-07days on market $199,000 Active 305 DOM
-
2026-07-06days on market $199,000 Active 304 DOM
-
2026-07-06days on market $199,000 Active 303 DOM
-
2026-07-05days on market $199,000 Active 302 DOM
-
2026-07-03days on market $199,000 Active 301 DOM
-
2026-07-02days on market $199,000 Active 300 DOM
-
2026-07-01days on market $199,000 Active 299 DOM
-
2026-06-30days on market $199,000 Active 298 DOM
-
2026-06-30days on market $199,000 Active 297 DOM
-
2026-06-28days on market $199,000 Active 296 DOM
-
2026-06-27days on market $199,000 Active 295 DOM
-
2026-06-26pricedays on market $199,000 Active 294 DOM
-
2026-06-21days on market $210,000 Active 289 DOM
-
2026-06-18days on market $210,000 Active 286 DOM
-
2026-06-17days on market $210,000 Active 285 DOM
-
2026-06-16days on market $210,000 Active 284 DOM
-
2026-06-15days on market $210,000 Active 283 DOM
-
2026-06-13days on market $210,000 Active 281 DOM
-
2026-06-10days on market $210,000 Active 277 DOM
-
2026-06-08days on market $210,000 Active 276 DOM
-
2026-06-07days on market $210,000 Active 275 DOM
-
2026-06-04days on market $210,000 Active 272 DOM
-
2026-06-01days on market $210,000 Active 269 DOM
-
2026-05-31days on market $210,000 Active 268 DOM
-
2026-05-08price $210,000 428-char remark
Show marketing remark (428 chars)
Fully vacant duplex with two separate 2-bedroom, 1-bath units under one roof. Immediate lease-up opportunity for investors seeking cash flow, value-add upside, or owner-occupants looking to live in one unit and rent the other. Fully fenced property with convenient access to US-59/I-69, Downtown Houston, shopping, schools, and employment centers. Strong potential for long-term hold or portfolio expansion. Property sold AS-IS.
-
2026-02-28price $225,000 428-char remark
Show marketing remark (428 chars)
Fully vacant duplex with two separate 2-bedroom, 1-bath units under one roof. Immediate lease-up opportunity for investors seeking cash flow, value-add upside, or owner-occupants looking to live in one unit and rent the other. Fully fenced property with convenient access to US-59/I-69, Downtown Houston, shopping, schools, and employment centers. Strong potential for long-term hold or portfolio expansion. Property sold AS-IS.
-
2026-01-16price $230,000 428-char remark
Show marketing remark (428 chars)
Fully vacant duplex with two separate 2-bedroom, 1-bath units under one roof. Immediate lease-up opportunity for investors seeking cash flow, value-add upside, or owner-occupants looking to live in one unit and rent the other. Fully fenced property with convenient access to US-59/I-69, Downtown Houston, shopping, schools, and employment centers. Strong potential for long-term hold or portfolio expansion. Property sold AS-IS.
-
2025-11-20status Active 428-char remark
Show marketing remark (428 chars)
Fully vacant duplex with two separate 2-bedroom, 1-bath units under one roof. Immediate lease-up opportunity for investors seeking cash flow, value-add upside, or owner-occupants looking to live in one unit and rent the other. Fully fenced property with convenient access to US-59/I-69, Downtown Houston, shopping, schools, and employment centers. Strong potential for long-term hold or portfolio expansion. Property sold AS-IS.
-
2025-11-17status Pending 428-char remark
Show marketing remark (428 chars)
Fully vacant duplex with two separate 2-bedroom, 1-bath units under one roof. Immediate lease-up opportunity for investors seeking cash flow, value-add upside, or owner-occupants looking to live in one unit and rent the other. Fully fenced property with convenient access to US-59/I-69, Downtown Houston, shopping, schools, and employment centers. Strong potential for long-term hold or portfolio expansion. Property sold AS-IS.
-
2025-09-05$240,000 Active 428-char remark
Show marketing remark (428 chars)
Fully vacant duplex with two separate 2-bedroom, 1-bath units under one roof. Immediate lease-up opportunity for investors seeking cash flow, value-add upside, or owner-occupants looking to live in one unit and rent the other. Fully fenced property with convenient access to US-59/I-69, Downtown Houston, shopping, schools, and employment centers. Strong potential for long-term hold or portfolio expansion. Property sold AS-IS.
-
2025-05-01soldstatus
-
2025-04-30soldstatus Sold 557-char remark
Show marketing remark (557 chars)
This beautifully remodeled home offers a fantastic investment opportunity for investors who want to generate rental income OR buyers seeking multi-family living. This home boast TWO fully updated units with 2 beds in each. New siding, a NEW HVAC system, NEW roof (replaced in 2021 with warranty), new pex plumbing, freshly painted interior and exterior, and other updated finishes throughout the homes. Enjoy a spacious backyard and a convenient location with easy access to local amenities. Don’t miss this opportunity—schedule your tour today!
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast TX · Resets to sale price
- Current annual tax
- $3,997 · $333/mo
- Projected year-2 tax
- $3,997 · $333/mo
- Expected delta
- $0/yr ($0/mo · -0.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 9/10 Extreme 7 d/yr ≥109°F today · 24 d/yr by 30 yrs out
- Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
- Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $30,216
- − Mortgage interest
- −$11,147
- − Property taxes
- −$3,997
- − Insurance
- −$995
- − Repairs & maintenance
- −$2,417
- − Management
- −$2,417
- − Depreciation
- −$5,789
- Taxable income
- $3,453
- Est. tax owed @ 24.0%
- −$829
- After-tax cash flow
- $5,527/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Condition & rehab AI · 9 photos
This fully vacant, two-unit duplex is in good condition with recent updates. It offers a great investment opportunity for investors seeking rental income or multi-family living.
Components & finishes AI
Value-add opportunities
- Both Landscaping — Enhances curb appeal and property value ↑
- Both Painting — Fresh paint can improve the home's appearance and value ↑
- Both Landscaping — Well-maintained landscaping can increase property value and attract potential buyers ↑
ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
Zoned Schools
Schools (NCES district)
- District
- Houston ISD
- NCES district ID
- 4823640
- Math proficiency
- 27% ▼ -18.00%
- Reading proficiency
- 35% ▼ -6.00%
- Median HH income
- $46,054
- Composite
- 26.63/100
- National rank
- #7173
- State rank
- #593 of 826 in TX
Livability — Houston
- Score
- 74/100
- State rank
- #184
- US rank
- #4771
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Houston, TX
- County
- Harris County · 5,571,493 people
- City population
- 3,226,434
- Metro
- Houston-The Woodlands-Sugar Land, TX
- Population (ZIP)
- 29,841
- Household income
- $47,677
- Rent vs Own
- Severe rent burden
- 12% of renters
Population outlook (Harris County) Hauer SSP2
- Today (2025)
- 5,571,493 people
- By 2030
- 6,089,821 · +9.3%
- By 2040
- 7,142,806 · +28.2%
- By 2050
- 8,185,864 · +46.9%
- By 2075
- 10,574,329 · +89.8%
- By 2100
- 12,109,958 · +117.4%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Majority Black (56%)
- Race & ethnicity
- Black 56% Hispanic / Latino 42% Two or more races 28%
- Hispanic origin (detail)
- Mexican 34%
- Foreign-born
- 18% · Canada
- Languages at home
- 61% English-only · Spanish 37%
Political lean MEDSL · Harris
- 2024 margin
- Lean D (+5.5) · D 52.0% · R 46.4% · Other 1.6%
- 2008→2024 swing
- +3.9pp toward D · 2008: 1.6pp · 2024: 5.5pp
- All cycles
- 2024: D+5.5 2020: D+13.3 2016: D+12.4 2012: D+0.1 2008: D+1.6
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▲ 8.65%
- Current HPI
- 315.6765
- Rent YoY
- ▲ 0.44%
- Metro
- Houston-The Woodlands-Sugar Land, TX
- State GDP YoY
- ▲ 3.95%
- F500 in state
- 110
Industry mix (Fortune 500 HQ in TX)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Energy | 16 | $1,198B |
|
||
| Technology | 5 | $198B |
|
||
| Engineering / Construction | 4 | $72B |
|
||
| Energy Services | 3 | $60B |
|
||
| Utilities | 3 | $41B |
|
||
| Healthcare | 2 | $330B |
|
||
Price history
+27.3% since first listed38 events — show timeline
- 2026-05-08 Price Changed $210,000 HARMLS
- 2026-02-28 Price Changed $225,000 HARMLS
- 2026-01-16 Price Changed $230,000 HARMLS
- 2025-11-20 Relisted — HARMLS
- 2025-11-17 Pending — HARMLS
- 2025-09-05 Listed $240,000 HARMLS
- 2025-05-01 Sold (Public Records) — Public Records
- 2025-04-30 Sold (MLS) — HARMLS
- 2025-04-04 Pending — HARMLS
- 2025-03-22 Listed $250,000 HARMLS
- 2025-03-21 Listing Removed — HARMLS
- 2025-03-21 Price Changed $260,000 HARMLS
- 2025-03-13 Price Changed $265,000 HARMLS
- 2025-02-21 Listed $270,000 HARMLS
- 2024-08-19 Listing Removed — HARMLS
- 2024-07-16 Price Changed $234,000 HARMLS
- 2024-06-26 Price Changed $247,000 HARMLS
- 2024-06-04 Price Changed $255,000 HARMLS
- 2024-05-13 Price Changed $271,970 HARMLS
- 2024-04-30 Relisted — HARMLS
- 2024-04-29 Pending — HARMLS
- 2024-04-22 Price Changed $281,970 HARMLS
- 2024-04-20 Relisted — HARMLS
- 2024-04-15 Pending — HARMLS
- 2024-04-09 Price Changed $286,970 HARMLS
- 2024-03-19 Listed $289,970 HARMLS
- 2022-05-25 Sold (Public Records) — Public Records
- 2022-04-17 Price Changed $995 RENT.
- 2020-12-17 Listing Removed — HARMLS
- 2020-12-17 Sold (Public Records) — Public Records
- 2020-12-16 Sold (MLS) — HARMLS
- 2020-11-14 Pending — HARMLS
- 2020-11-13 Listed $165,000 HARMLS
- 2019-07-18 Sold (Public Records) — Public Records
- 2012-04-26 Sold (Public Records) — Public Records
- 2012-04-26 Sold (Public Records) — Public Records
- 2012-01-04 Sold (Public Records) — Public Records
- 1994-03-24 Sold (Public Records) — Public Records
Property tax history
+10.8%/yrLatest (2025): $3,997 · +0.5% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…