Duplex with Open-Concept
For Sale
$415,000
8215 Crestview Drive, Houston, TX 77028
A 2023 Houston property has a three-bedroom, two-bathroom layout with connected kitchen, dining, and family spaces.
Property Size2,280 SF
Price / SF$182.02
Days on Market69
Property Features for 8215 Crestview Drive
General Information
Standard status
Active
Size
2,280 SF
Property subtype
Multi Family,Duplex
Site & Location
Neighborhood
East Houston
Taxes and HOA fees
Annual Taxes
$7,893
Building Details
Building Size
2,280 SF
Year Built
2023
Stories
2
Listing Agency:
Walzel Properties - Corporate Office
Listed By:
Shanita Brown
(832) 382-4579
Source:
Citybrixrealty
Added: Aug 26
Changed: Oct 26
Last Checked: Oct 31 at 9:23AM
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 Walzel Properties - Corporate Office
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Investment Insights
Based on property information with market context.
This 2,280-square-foot duplex was built in 2023. Its described three-bedroom, two-bathroom layout places two bedrooms upstairs and one downstairs. The kitchen, dining area, and family room share an open arrangement. The downstairs bedroom is also described as suitable for guest or office use.
The property is in Houston’s Crestview Villas community. The stated living arrangement allows an owner to occupy one unit while renting the other, or to lease both units.
The property is in Houston’s Crestview Villas community. The stated living arrangement allows an owner to occupy one unit while renting the other, or to lease both units.
Key Highlights
- 2,280 square feet
- Built in 2023
- Three‑bedroom, two‑bathroom layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,863
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,260
$597.3K
Cap Rate 7%
$426,614
$426.6K
Cap Rate 9%
$331,811
$331.8K
Market Conditions
NOI Build-Up for 2,280 SF
Gross rent
$45.1K $19.80/SF
− Vacancy
−$2.5K −$1.09/SF
EGI
$42.7K $18.71/SF
− OpEx
−$12.8K −$5.61/SF
NOI
$29.9K $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 Rate 5%
$597,260
Cap Rate 7%
$426,614
Cap Rate 9%
$331,811
Alternative Uses
Best Use
Multifamily LT 5
$426.6K
$373.3K – $497.7K
NOI $29,863 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$369.0K
$322.9K – $430.5K
NOI $25,830 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$586.3K
$513.0K – $684.0K
NOI $41,040 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
258
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - A 2023 Houston property has a three-bedroom, two-bathroom layout with connected kitchen, dining, and family spaces.
Where is this duplex located?
The property is located at 8215 Crestview Drive Houston, TX.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 2,280 square feet; Built in 2023; Three‑bedroom, two‑bathroom layout
