Updated Duplex with Two
New
For Sale
$449,900
9414 Springview Ln, Houston, TX 77080
Two-unit residential property with renovations, replacement windows, refreshed interiors, and no HOA restrictions.
Property Size2,772 SF
Days on Market5
Property Features for 9414 Springview Ln
General Information
Standard status
Active
Size
2,772 SF
Property subtype
Investment
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,823
Building Details
Building Size
2,772 SF
Year Built
1970
Buildings
1
Stories
1
Units
2
Listing Agency:
(832) 452-8573
Listed By:
Tatiana Micolta
(832) 452-8573
Source:
Elliman
Added: Aug 8
Changed: Aug 11
Last Checked: Aug 12 at 8:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tatiana Micolta
Investment Insights
Based on property information with market context.
This two-unit duplex, built in 1970, combines a completed renovation in one residence with additional improvements in the other. The renovated unit includes replacement windows, new flooring, fresh paint, updated appliances, a new HVAC system, and fencing. The second unit has replacement windows and blinds, updated flooring in the main living spaces, and refreshed interior paint. Both residences offer updated interiors and residential layouts suitable for continued occupancy or owner use with rental income from the other unit.
Located in Houston, the property has a Walk Score of 32, a Bike Score of 49, and a Transit Score of 32. The property is not subject to an HOA.
Located in Houston, the property has a Walk Score of 32, a Bike Score of 49, and a Transit Score of 32. The property is not subject to an HOA.
Key Highlights
- Duplex with two residential units
- One unit fully renovated with flooring, appliances, HVAC, windows, paint, and fencing
- Second unit includes replacement windows, blinds, flooring, and interior paint
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,307
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$726,140
$726.1K
Cap Rate 7%
$518,671
$518.7K
Cap Rate 9%
$403,411
$403.4K
Market Conditions
NOI Build-Up for 2,772 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$54.9K $19.80/SF
− Vacancy
−$3.0K −$1.09/SF
EGI
$51.9K $18.71/SF
− OpEx
−$15.6K −$5.61/SF
NOI
$36.3K $13.10/SF
Area
Houston, TX
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$726,140
Cap Rate 7%
$518,671
Cap Rate 9%
$403,411
Alternative Uses
Best Use
Multifamily LT 5
$518.7K
$453.8K – $605.1K
NOI $36,307 @ 7.0% cap · market cap 8.07%
Second Best
Apartment 5plus
$448.6K
$392.6K – $523.4K
NOI $31,404 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$712.8K
$623.7K – $831.6K
NOI $49,896 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
591
Businesses Nearby
Explore this area
Business Placement
Demographics for 77080, TX
45,428
Population
17,394
Households
2.6
Avg Household Size
33
Median Age
27%
College-Educated
68%
High-School Grad
6.4 sq mi
ZIP Area
7,098
Density / Sq Mi
$63,056
Median Household Income
$33,658
Median Earnings
$1,253
Median Rent
$311,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with renovations, replacement windows, refreshed interiors, and no HOA restrictions.
Where is this duplex located?
The property is located at 9414 Springview Ln Houston, TX.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Duplex with two residential units; One unit fully renovated with flooring, appliances, HVAC, windows, paint, and fencing; Second unit includes replacement windows, blinds, flooring, and interior paint
