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5515 Elm Springs Dr - Turnkey New Construction Duplex | Houston, TX 2 Unit Apartment Building Offered at $620,522 CAD at a 6.66% Cap Rate Houston, TX 77048
Investment Highlights
- New construction – 2026 • Duplex / 2 residential units
- Modern open-concept floor plans • Modern kitchens with islands
- Architectural shingle roofing • Private parking
- 3 bedrooms / 2 bathrooms per unit • Approximately 2,720 SF total building area
- Walk-in closets • Dedicated laundry areas
- Located in Houston's Medical Center South market area
Executive Summary
New construction duplex featuring two thoughtfully designed 3-bedroom, 2-bathroom units, each offering approximately 1,292 square feet of living space. Open-concept floor plans include spacious living and dining areas, modern kitchens with islands, walk-in closets, dedicated laundry areas, and covered front and rear porches. Exterior features include modern farmhouse-inspired architecture, Hardie siding, architectural shingle roofing, private parking, and attractive curb appeal. Ideal for owner-occupants, investors, or multi-generational living. Conveniently located with easy access to major highways, employment centers, shopping, dining, and schools.
Property Facts
| Price | $620,522 CAD | Property Type | Multifamily |
| Price Per Unit | $310,261 CAD | Apartment Style | Garden |
| Sale Type | Investment | Building Size | 2,720 SF |
| Cap Rate | 6.66% | No. Stories | 1 |
| Sale Condition | Build to Suit | Year Built | 2026 |
| No. Units | 2 | Opportunity Zone |
Yes
|
| Price | $620,522 CAD |
| Price Per Unit | $310,261 CAD |
| Sale Type | Investment |
| Cap Rate | 6.66% |
| Sale Condition | Build to Suit |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Building Size | 2,720 SF |
| No. Stories | 1 |
| Year Built | 2026 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 3 | $3,063 CAD | 1,360 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 0913830000020 | Improvements Assessment | $0 CAD |
| Land Assessment | $76,046 CAD | Total Assessment | $76,046 CAD |
Property Taxes
Parcel Number
0913830000020
Land Assessment
$76,046 CAD
Improvements Assessment
$0 CAD
Total Assessment
$76,046 CAD
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5515 Elm Springs Dr - Turnkey New Construction Duplex | Houston, TX
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