Top 5 High-Cap Rate and Low Cost Duplexes in Texas

1) Houston New Construction Duplex Producing $4,900/mo $475K
Asset Quality A | Neighborhood Quality C+ | Year Built 2026
$4,900 per month is locked in through June 2027, with one tenant leasing both sides and paying all utilities. This off-market duplex includes two large 3-bedroom, 2-bath units with roughly 2,600 total livable square feet and another 1,000 square feet of terrace space. The tenant operates both units as Airbnbs, giving him a strong reason to protect the property and keep rent current. Ideal for an out-of-state investor who wants new construction and immediate income; redacted leases and images are linked.
3627 Kilkenny Dr Houston TX 77047

2) Converse 2022 Duplex with $3,400/mo Rent Target $389K
Asset Quality A | Neighborhood Quality B | Year Built 2022
$3,400 per month is supported by lease comps at $1,700 per side. Each unit has 3 bedrooms, 2.5 bathrooms, an attached garage, and a two-story layout. The recent construction reduces near-term renovation risk, while access to Loop 1604, I-10, Randolph Air Force Base, and Fort Sam Houston supports the tenant pool. Ideal for an investor who wants a newer turnkey duplex OR househacker. Check out the sale comps. These Windy Way duplexes consistently sell for over $400k!
8635 Key Windy Way Converse TX 78109

3) Sachse Duplex Producing $3,000/mo Under $370K »great location!
Asset Quality B | Neighborhood Quality A- | Year Built 1983
$3,000 per month at a $369,900 asking price in a premiere location near Plano! Both units have 2 bedrooms, 1 bathroom, a one-car garage, fenced yard, patio, fireplace, and washer and dryer hookups. The prior buyer’s financing fell through, putting a quality North Dallas suburb duplex back on the market without a price increase. Ideal for a buyer prioritizing neighborhood quality and stable long-term demand. If you are interested in the Allen or Plano markets, check out Sachse! Highly rated schools and still under the radar location poised for aggressive appreciation.
3901/3903 William St Sachse TX 75048

4) Garland Duplex Producing $2,708/mo $270K
Asset Quality B | Neighborhood Quality B | Year Built 1950
$2,708 per month is already coming in at a $269,999 asking price, putting this duplex above the 1% rent-to-price mark. The property includes two units, updated interiors, owned solar panels, a garage, additional parking, and a large fenced yard on 0.43 acres. The lease terms are six months or less, giving a new owner flexibility to adjust rents or occupy one side. Perfect first investment or house hack.
1320 Briarwood Cir Garland TX 75041

5) Denison Duplex with $2,600/mo Prior Rent $210K
Asset Quality C+ | Neighborhood Quality B | Year Built 1945
$2,600 per month was previously collected across two 2-bedroom, 1-bath units. At a reduced $210,000 asking price this is one of the strongest income-relative-to-price deals we’ve seen. Both units were recently vacated, giving the next owner control over tenant selection, lease terms, and make-ready work from day one. Perfect first investment. Ideal for a cap-rate or cash on cash return focused investor.
17 Macarthur Dr Denison TX 75020