New Construction
New
For Sale
$409,900
8226 Bigwood St A, Houston, TX 77078
Two open-concept residences provide flexible occupancy, with one leased and the second available.
Property Size2,360 SF
Days on Market5
Property Features for 8226 Bigwood St A
General Information
Standard status
Active
Size
2,360 SF
Property subtype
Investment
Lease Term
12 months
Taxes and HOA fees
Annual Taxes
$7,880
Building Details
Building Size
2,360 SF
Year Built
2024
Stories
2
Listing Agency:
(346) 313-9089
Listed By:
Tyler White
(346) 313-9089
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 11 at 9:07AM
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 Tyler White
Investment Insights
Based on property information with market context.
Completed in 2024, this duplex contains two residences with matching layouts. Each unit includes 3 bedrooms, 2.5 bathrooms, and an open-concept living arrangement. One unit is occupied by a tenant who has lived there for approximately one year, while the other is available for a new occupant or owner use.
The property is located at 8226 Bigwood St A in Houston, Texas. Its configuration supports continued rental use or occupancy of one residence alongside rental use of the other. Property-level walkability scores are 5, with a bike score of 28 and a transit score of 37.
The property is located at 8226 Bigwood St A in Houston, Texas. Its configuration supports continued rental use or occupancy of one residence alongside rental use of the other. Property-level walkability scores are 5, with a bike score of 28 and a transit score of 37.
Key Highlights
- 2024 construction with two residential units
- Each unit has 3 bedrooms and 2.5 bathrooms
- Open‑concept layout in both residences
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
$30,911
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
7.54%
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%
$618,220
$618.2K
Cap Rate 7%
$441,586
$441.6K
Cap Rate 9%
$343,456
$343.5K
Market Conditions
NOI Build-Up for 2,360 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
$46.7K $19.80/SF
− Vacancy
−$2.6K −$1.09/SF
EGI
$44.2K $18.71/SF
− OpEx
−$13.2K −$5.61/SF
NOI
$30.9K $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%
$618,220
Cap Rate 7%
$441,586
Cap Rate 9%
$343,456
Alternative Uses
Best Use
Multifamily LT 5
$441.6K
$386.4K – $515.2K
NOI $30,911 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$382.0K
$334.2K – $445.6K
NOI $26,737 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$606.9K
$531.0K – $708.0K
NOI $42,480 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
Explore this area
Business Placement
Demographics for 77078, TX
14,855
Population
5,607
Households
2.6
Avg Household Size
33
Median Age
12%
College-Educated
73%
High-School Grad
10.3 sq mi
ZIP Area
1,442
Density / Sq Mi
$38,838
Median Household Income
$28,600
Median Earnings
$1,336
Median Rent
$151,500
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 open-concept residences provide flexible occupancy, with one leased and the second available.
Where is this duplex located?
The property is located at 8226 Bigwood St A Houston, TX.
What is the asking price?
The asking price for this property is $409,900.
What are key features of this property?
This property features: 2024 construction with two residential units; Each unit has 3 bedrooms and 2.5 bathrooms; Open‑concept layout in both residences
