Log In/Sign Up
Your email has been sent.
6014 Grace Ln - Luxury New-Build Duplex | 6 Beds Total | High 2 Unit Apartment Building Offered at $569,600 at a 5.04% Cap Rate Houston, TX 77021
Investment Highlights
- • Brand-New 2025 Duplex – Low maintenance, turnkey investment
- • Prime Location – Near Texas Medical Center, University of Houston & Downtown
- • Dual Strategy Flexibility – Long-term rental or Airbnb upside
- • 2 Units | 3 Bed / 2.5 Bath Each (6 Beds Total) – Strong rental demand
- • Large 3,536 SF Layout – Modern design supports premium rents
- • Private Garages + Backyards – Rare duplex features, boosts tenant appeal
Executive Summary
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.
Wale Lawal
REALTOR | INVESTOR, LPT Realty, LLC
(832) 776-9582 (m)
wale@networthbuilders.com
Wale Lawal
REALTOR | INVESTOR, LPT Realty, LLC
(832) 776-9582 (m)
wale@networthbuilders.com
Property Facts
| Price | $569,600 | Apartment Style | Garden |
| Price Per Unit | $284,800 | Building Size | 3,536 SF |
| Sale Type | Investment | Average Occupancy | 0% |
| Cap Rate | 5.04% | No. Stories | 2 |
| Sale Condition | Build to Suit | Year Built | 2025 |
| No. Units | 2 | Opportunity Zone |
Yes
|
| Property Type | Multifamily | ||
| Zoning | Residential (Duplex) - Residential (Duplex) | ||
| Price | $569,600 |
| Price Per Unit | $284,800 |
| Sale Type | Investment |
| Cap Rate | 5.04% |
| Sale Condition | Build to Suit |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Building Size | 3,536 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 2025 |
| Opportunity Zone |
Yes |
| Zoning | Residential (Duplex) - Residential (Duplex) |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 3 | $2,150 | 1,768 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 0460360010022 | Improvements Assessment | $0 |
| Land Assessment | $90,000 | Total Assessment | $90,000 |
Property Taxes
Parcel Number
0460360010022
Land Assessment
$90,000
Improvements Assessment
$0
Total Assessment
$90,000
1 of 25
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
6014 Grace Ln - Luxury New-Build Duplex | 6 Beds Total | High
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.