Duplexes for sale in Houston, Texas

Older Houston duplexes can come at a lower price, and some sit on strong land. They can also carry aging roofs, plumbing and electrical systems, and a repair list that the pro forma does not show.

Newly built duplexes start with modern systems and a fresh inspection record, which tends to mean fewer surprises in the first years of ownership. The tradeoff is price, and in some cases a wait for completion. Marques leans toward new construction for that reason.

Lenders usually treat a two-unit property differently from a single family rental, and terms vary by lender and borrower. Marques does not quote rates or terms. He can introduce you to lenders who work with investor purchases, and your lender will tell you what you qualify for.

If you plan to sell another asset and roll the proceeds, review the timeline early with the 1031 exchange deadline calculator and your tax advisor.

The current portfolio is eight new construction properties inside the City of Houston.

Prices run from $440,000 to $490,000, with total monthly rent estimated at $4,730 to $4,900 and gross yields of 12.0% to 13.1% before expenses. Rent, tax and insurance figures are estimates supplied by sellers and builders, and none of them is guaranteed.

Houston has no conventional zoning, so deed restrictions and lot size rules decide what can be built on a lot and what sits next to it. Read them for the parcel and for the block around it.

Then check the flood zone on the FEMA maps, the appraisal district record and the likely tenant. A duplex near a major employer, a hospital or a university draws a different renter than one in a quiet residential pocket. Marques helps you match the property to the tenant you want.

Many of these properties are built by builders Marques already works with, which is where early access comes from. If you want to understand that side, read how builder lot acquisition works in Houston or the Houston duplex investing guide.

For the development view, including building duplexes yourself, see duplex development.