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New Turnkey Duplex Investment in Houston 430 Rhode Island st 2 Unit Apartment Building $365,000 ($182,500/Unit) 6.40% Cap Rate Houston, TX 77029
Investment Highlights
- Brand-new construction duplex
- Strong owner-occupant/house-hack opportunity
- Low-maintenance new construction asset
- Two spacious 3-bedroom, 2-bath units
- Excellent access to major Houston highways
- Growing Houston rental market
Executive Summary
Modern duplex opportunity at 430 Rhode Island offering two units with 3 bedrooms and 2 bathrooms each, designed with brand new finishes and a sleek, contemporary feel throughout. Each unit features spacious bedrooms, spa-inspired bathrooms, and ambient lighting that creates a warm and elevated living experience. The layout includes one unit upstairs and one downstairs, ideal for flexibility and privacy. Conveniently located with quick access to major highways, making commuting throughout Houston simple and efficient. Property includes a private driveway and functional layout perfect for both owner-occupants and investors. Great opportunity to house hack by living in one unit and renting the other, or fully lease both units to build your rental portfolio in a prime, high-demand area.
Property Facts
| Price | $365,000 | Property Type | Multifamily |
| Price Per Unit | $182,500 | Property Subtype | Apartment |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.40% | Building Size | 2,374 SF |
| Sale Condition | Build to Suit | No. Stories | 2 |
| No. Units | 2 | Year Built | 2026 |
| Zoning | Multifamily | ||
| Price | $365,000 |
| Price Per Unit | $182,500 |
| Sale Type | Investment |
| Cap Rate | 6.40% |
| Sale Condition | Build to Suit |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Building Size | 2,374 SF |
| No. Stories | 2 |
| Year Built | 2026 |
| Zoning | Multifamily |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $1,713 | 1,187 |
| 3+2 | 2 | $1,713 | 1,187 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100
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Contact the Sale Advisor
New Turnkey Duplex Investment in Houston | 430 Rhode Island st