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$509,900

6521 Madrid Street, Houston, TX, 77021

Off MarketInfo
CommercialInfo
Beds3 Beds
Baths3 Bath
Baths2,598 Sq Ft
price_per_sqft$196.27 / sqft
Year BuiltBuilt in 2024

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
AppliancesENERGY STAR Qualified Appliances, Disposal, Microwave, Dishwasher
FlooringTile, Vinyl

About this property

Nima Homes & Brick and Stone proudly unveil a new duplex with HUGE backyards in South Union, a rapidly growing neighborhood just minutes from the Medical Center, Museum District, and Downtown. This duplex offers a prime real estate opportunity, situated from one of the top areas in Houston called the Medical Center. Endless potential for house hacking, allowing you to live in one unit while rental income from the other covers your mortgage or cash flow investment. Conveniently situated near major freeways for easy city access and just minutes from Downtown, this property is perfect for attracting healthcare and young professionals. Each unit includes 3 bedrooms, 3 full baths, and 1,300 square feet 10 ft ceilings and an open floor plan, complemented by a rare find oversized backyard. Turnkey ready with numerous standard upgrades, this duplex combines convenience with modern comfort, now enhanced by a new design featuring warm earth tones and a welcoming Austin-inspired aesthetic.

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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,059 /month
Positive
Cash Flow Estimate:
$1,020 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

Learn About the Market: Opportunity in Houston

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Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

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Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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6521 Madrid Street | Property Details | No Agent List