New Duplex with Private
For Sale
$459,900
8106 Locksley Rd, Houston, TX 77078
Two single-story units combine open layouts with upgraded finishes and fenced outdoor space.
Property Size2,603 SF
Price / SF$176.68
Days on Market165
Property Features for 8106 Locksley Rd
General Information
Standard status
Active
Size
2,603 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$2,564
Listing Agency:
Premier Haus Realty, LLC
(281) 763-9825
Listed By:
Jaime Fallon · License #0645676
(281) 763-9825
Source:
Exprealty
Added: Mar 20
Changed: Aug 29
Last Checked: Aug 30 at 7:39PM
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 Premier Haus Realty, LLC
Investment Insights
Based on property information with market context.
This brand-new duplex contains two one-story residences, each with three bedrooms, two full bathrooms, and an open-concept interior. Interior specifications include quartz countertops, shaker-style cabinets, stainless steel appliances, champagne-toned fixtures, designer chandeliers, oversized shower tile, and luxury vinyl plank flooring. Each unit also includes a private yard, while the property provides a fully fenced backyard and dual backyard access points.
The property is located at 8106 Locksley Rd in Houston, Texas, with access to Hwy 69 and Loop 610. The configuration supports either an investor seeking two rental units or an owner-occupant planning to live in one residence and lease the other. The combination of separate living spaces, contemporary finishes, and secured outdoor areas creates a practical duplex layout for residential income use.
The property is located at 8106 Locksley Rd in Houston, Texas, with access to Hwy 69 and Loop 610. The configuration supports either an investor seeking two rental units or an owner-occupant planning to live in one residence and lease the other. The combination of separate living spaces, contemporary finishes, and secured outdoor areas creates a practical duplex layout for residential income use.
Key Highlights
- Two‑unit duplex with one‑story residences
- Each unit includes 3 bedrooms and 2 full baths
- Open‑concept layouts with quartz counters and shaker‑style cabinetry
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
$34,093
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
7.41%
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%
$681,860
$681.9K
Cap Rate 7%
$487,043
$487.0K
Cap Rate 9%
$378,811
$378.8K
Market Conditions
NOI Build-Up for 2,603 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
$51.5K $19.80/SF
− Vacancy
−$2.8K −$1.09/SF
EGI
$48.7K $18.71/SF
− OpEx
−$14.6K −$5.61/SF
NOI
$34.1K $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%
$681,860
Cap Rate 7%
$487,043
Cap Rate 9%
$378,811
Alternative Uses
Best Use
Multifamily LT 5
$487.0K
$426.2K – $568.2K
NOI $34,093 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$421.3K
$368.6K – $491.5K
NOI $29,490 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$669.3K
$585.7K – $780.9K
NOI $46,854 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
214
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 single-story units combine open layouts with upgraded finishes and fenced outdoor space.
Where is this duplex located?
The property is located at 8106 Locksley Rd Houston, TX.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: Two‑unit duplex with one‑story residences; Each unit includes 3 bedrooms and 2 full baths; Open‑concept layouts with quartz counters and shaker‑style cabinetry
