Duplex with Two-Bedroom
New
For Sale
$235,000
8038 Record St, Houston, TX 77028
Duplex built in 1950 offering move-in ready two-bedroom, one-bath units.
Days on Market5
Property Features for 8038 Record St
General Information
Standard status
Active
Property subtype
Investment
Building Details
Building Size
1,080 SF
Year Built
1950
Tenancy
Multi
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 30
Last Checked: Jul 31 at 7:48AM
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.
This duplex was built in 1950 and features two-bedroom, one-bathroom units that are described as move-in ready and rent-ready. The layout is designed to support straightforward tenant occupancy, with each unit positioned to be ready for renters.
BikeScore is 28 (somewhat bikeable), with WalkScore of 5 (car-dependent) and TransitScore of 37 (some transit), reflecting a neighborhood environment that typically favors car access.
For investors seeking a small multifamily asset, this property offers a repeatable unit configuration across the duplex, with the ability to target tenants looking for two-bedroom living spaces and one-bath convenience.
BikeScore is 28 (somewhat bikeable), with WalkScore of 5 (car-dependent) and TransitScore of 37 (some transit), reflecting a neighborhood environment that typically favors car access.
For investors seeking a small multifamily asset, this property offers a repeatable unit configuration across the duplex, with the ability to target tenants looking for two-bedroom living spaces and one-bath convenience.
Key Highlights
- Duplex built in 1950
- Two‑bedroom, one‑bath units described as move‑in ready and rent‑ready
- BikeScore 28 (somewhat bikeable)
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
Lease Details
Multi-tenant
Tenancy
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 - Duplex built in 1950 offering move-in ready two-bedroom, one-bath units.
Where is this duplex located?
The property is located at 8038 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: Duplex built in 1950; Two‑bedroom, one‑bath units described as move‑in ready and rent‑ready; BikeScore 28 (somewhat bikeable)
