Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    706 Lyle West Ave, Unit 708 Cleveland, TX 77327

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $240,000

    Five fully-occupied duplexes in Cleveland, TX, generating steady rental income.

    Lot size:
    0.25 Acres

    Property Features for 706 Lyle West Ave

    General Information

    Property type
    Investment
    Standard status
    Active
    Lot size
    0.25 Acres

    Building Details

    Year built
    1980

    We can help!

    Listing Contact
    Emmanuel Bravo
    Source: Elliman

    Listing Agent: Emmanuel Bravo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Cleveland, TX Duplex Portfolio

    This portfolio features five fully-occupied duplexes located in Cleveland, TX 77327, presenting an investment opportunity with cash flow and long-term appreciation potential. Each duplex contains two spacious 2-bedroom, 1-bath units. Each side of the duplex is approximately 900 square feet, with a total of approximately 1,800 square feet per building. The portfolio includes 10 income-producing units, all currently leased and generating rental income. These properties are situated on individual lots and are suitable for investors looking to expand their portfolio, execute a 1031 exchange, or secure passive income in a strong rental market. The location is in a high-demand area with ongoing development, offering a turnkey solution for both new and seasoned investors seeking stability, scale, and growth in Texas real estate.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Liberty
    State
    Texas
    Longitude
    -95.0753457
    Latitude
    30.3360677

    Nearby Similar for Sale

    • $500,000

      Versatile Cleveland Commercial Building

      2,800 sq. ft. building ideal for warehouse or office.
      500 E Houston St, Cleveland, TX 77327
      View Details
    • $700,000
      1,927 SF

      Versatile Property with Open Acreage

      Picturesque property suitable for events or private ranch retreat.
      105 County Road 2239, Cleveland, TX 77327
      View Details
    • $455,000

      Farm Ready Property For Sale

      25+/- acre farm with stocked pond and working pens.
      191 County Road 2276, Cleveland, TX 77327
      View Details
    • $2,691,000
      2,400 SF

      117-Acre Texas Longhorn Ranch

      117-acre Texas Longhorn ranch with two homes and horse barn.
      495 Everitt Rd, Cleveland, TX 77328
      View Details
    • $449,000
      2,372 SF

      Ranch with Acreage and Potential

      9.93-acre ranch featuring two dwellings and animal stalls.
      101 A J Murry Rd, Cleveland, TX 77328
      View Details
    • $750,000

      Income-Producing Trailer Homes For Sale

      2.519-acre property featuring five income-producing trailer homes.
      264 County Road 328 S, Cleveland, TX 77327
      View Details
    • Contact for pricing

      Retail Building on High-Traffic Corridor

      5,200 SF retail building in high-growth Houston area market.
      1009 East Houston St, Cleveland, TX 77327
      View Details
    • $450,000
      1,400 SF

      New Duplex on Acreage

      Recently completed duplex on 7 acres near Conroe, Texas.
      3130 Pine Rd, Cleveland, TX 77328
      View Details
    • $1,999,999

      Luxury Ranch with Equestrian Features

      56-acre ranch with luxury home, barns, ponds, and equestrian facilities.
      260 S Moody Ln, Cleveland, TX 77328
      View Details
    • $550,000

      Commercial Corner Property For Sale

      0.46 acre lot with 5,408 sq. ft. building.
      575 County Rd 3549, Cleveland, TX
      View Details
    • $675,000
      1,504 SF

      Tarkington Home on Unrestricted Acres

      Home on 13.21 unrestricted acres with mature trees.
      695 County Road 2309, Cleveland, TX 77327
      View Details
    • $240,000

      Cleveland, TX Investment Duplex Portfolio

      Five fully-occupied duplexes in Cleveland, TX, generating steady rental income.
      1413 Truman St, Cleveland, TX 77327
      View Details

    FAQs

    What type of property is this?
    Duplex - Five fully-occupied duplexes in Cleveland, TX, generating steady rental income.
    Where is this duplex located?
    The property is located at 706 Lyle West Ave, Unit 708 Cleveland, TX.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: - Portfolio of five fully-occupied duplexes provides immediate cash flow.; - Located in the growing community of Cleveland, TX 77327, a high-demand rental market.; - Ten income-producing units currently leased and generating steady rental income.
    (832) 294-3577
    Request Owner's contact information
    706 Lyle West Ave, Unit 708 Cleveland, TX 77327
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    706 Lyle West Ave, Unit 708
    Cleveland, TX 77327
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    706 Lyle West Ave, Unit 708 Cleveland, TX 77327
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Emmanuel Bravo
    (832) 294-3577 (936) 582-1700
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!