Two-Bedroom
For Sale
$180,000
3819 Westmeadow Drive, Houston, TX 77082
Features spacious bedrooms, a large living room, and a dedicated dining room.
Property Size1,052 SF
Price / SF$171.10
Days on Market8
Property Features for 3819 Westmeadow Drive
General Information
Standard status
Active
Size
1,052 SF
Property subtype
Multi-Family
Taxes and HOA fees
Annual Taxes
$4,454
Amenities
Yes
1
2
Washer Hookup,Electric Dryer Hookup
Appraiser
Wood Burning
Subdivision
No
Public
4935
0.1133
Driveway,None
Slab
1052
Building Details
Building Size
1,052 SF
Year Built
1983
Stories
1
Listing Agency:
Keller Williams Realty Southwest
(281) 788-6996
Listed By:
Loretta Gardner
(281) 788-6996
Source:
Garygreene
Added: Aug 3
Changed: Aug 10
Last Checked: Aug 10 at 4:22AM
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 Keller Williams Realty Southwest
Investment Insights
Based on property information with market context.
This duplex contains two bedrooms along with a spacious living room and a separate dining room. The property measures 1,052 SF and was built in 1983.
The home is situated near Westheimer Parkway and Highway 6 in Houston, providing access to established roadway connections. Additional property details include a slab foundation, driveway parking, washer hookup, and electric dryer hookup.
The home is situated near Westheimer Parkway and Highway 6 in Houston, providing access to established roadway connections. Additional property details include a slab foundation, driveway parking, washer hookup, and electric dryer hookup.
Key Highlights
- Two‑bedroom duplex with 1,052 SF of property size
- Built in 1983
- Spacious bedrooms with a large living room and dining room
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
$13,779
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
7.66%
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%
$275,580
$275.6K
Cap Rate 7%
$196,843
$196.8K
Cap Rate 9%
$153,100
$153.1K
Market Conditions
NOI Build-Up for 1,052 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
$20.8K $19.80/SF
− Vacancy
−$1.1K −$1.09/SF
EGI
$19.7K $18.71/SF
− OpEx
−$5.9K −$5.61/SF
NOI
$13.8K $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%
$275,580
Cap Rate 7%
$196,843
Cap Rate 9%
$153,100
Alternative Uses
Best Use
Multifamily LT 5
$196.8K
$172.2K – $229.7K
NOI $13,779 @ 7.0% cap · market cap 7.66%
Second Best
Apartment 5plus
$170.3K
$149.0K – $198.6K
NOI $11,918 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$270.5K
$236.7K – $315.6K
NOI $18,936 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Explore this area
Business Placement
Demographics for 77082, TX
57,493
Population
24,994
Households
2.3
Avg Household Size
35
Median Age
36%
College-Educated
88%
High-School Grad
12.6 sq mi
ZIP Area
4,563
Density / Sq Mi
$60,510
Median Household Income
$35,789
Median Earnings
$1,361
Median Rent
$225,600
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 - Features spacious bedrooms, a large living room, and a dedicated dining room.
Where is this duplex located?
The property is located at 3819 Westmeadow Drive Houston, TX.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Two‑bedroom duplex with 1,052 SF of property size; Built in 1983; Spacious bedrooms with a large living room and dining room
