Duplex Investment
New
For Sale
$235,000
8034 Record St, Houston, TX 77028
1950-built duplexes with move-in ready, rent-ready two-bedroom, one-bath units.
Days on Market5
Property Features for 8034 Record St
General Information
Standard status
Active
Property subtype
Investment
Building Details
Building Size
1,080 SF
Year Built
1950
Listing Agency:
KELLER WILLIAMS REALTY METROPOLITAN
(832) 616-0888
Listed By:
Elio Alanis · License #0734188
(832) 616-0888
Source:
Elliman
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 31 at 10:04AM
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 METROPOLITAN
Investment Insights
Based on property information with market context.
These duplexes at 8034 Record St offer two-bedroom, one-bath units described as move-in ready and rent-ready. The property is positioned for consistent rental income, with each unit laid out as a straightforward residential configuration for day-to-day occupancy.
Built in 1950, the duplexes are in a car-dependent area based on transit, bike, and walk scores provided with the property information. BikeScore is 28 (Somewhat Bikeable), walkScore is 5 (Car-Dependent), and transitScore is 37 (Some Transit), which may help inform tenant and access expectations.
For investors evaluating small multifamily assets, this property provides a unit mix focused on two-bedroom, one-bath apartments and a clear, operationally simple residential setup.
Built in 1950, the duplexes are in a car-dependent area based on transit, bike, and walk scores provided with the property information. BikeScore is 28 (Somewhat Bikeable), walkScore is 5 (Car-Dependent), and transitScore is 37 (Some Transit), which may help inform tenant and access expectations.
For investors evaluating small multifamily assets, this property provides a unit mix focused on two-bedroom, one-bath apartments and a clear, operationally simple residential setup.
Key Highlights
- Two‑bedroom, one‑bath duplex units described as move‑in ready and rent‑ready
- Year built: 1950
- 8034 Record St, Houston, TX 77028
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.4k | $19.80 |
| − Vacancy | −$1.2k | −$1.09 |
| EGI | $20.2k | $18.71 |
| − OpEx | −$6.1k | −$5.61 |
| NOI | $14.1k | $13.10 |
1,080 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$202.1K
$176.8K – $235.8K
NOI $14,146 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$174.8K
$152.9K – $203.9K
NOI $12,235 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$277.7K
$243.0K – $324.0K
NOI $19,440 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Explore this area
Business Placement
Demographics for 77028, TX
18,701
Population
7,102
Households
2.6
Avg Household Size
35
Median Age
8%
College-Educated
69%
High-School Grad
9.1 sq mi
ZIP Area
2,055
Density / Sq Mi
$36,244
Median Household Income
$28,099
Median Earnings
$1,115
Median Rent
$108,200
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 - 1950-built duplexes with move-in ready, rent-ready two-bedroom, one-bath units.
Where is this duplex located?
The property is located at 8034 Record St Houston, TX.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bath duplex units described as move‑in ready and rent‑ready; Year built: 1950; 8034 Record St, Houston, TX 77028
