Duplex
8217 Crestview Drive, Houston, TX 77028
For Sale
$365,000
Built in 2023, this Houston property is classified as a duplex asset.
Property Size2,280 SF
Price / SF$160.09
Days on Market125
Property Features for 8217 Crestview Drive
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
TAS Realty Group
Listed By:
LaTisha Grant · License TX #0571395
(713) 929-3411
Source:
Bethwolff
Added: Jul 9
Changed: Nov 9
Last Checked: Nov 10 at 7:50PM
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 TAS Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex property contains 2,280 square feet and was built in 2023. It is located at 8217 Crestview Drive in Houston, Texas 77028.
Key Highlights
- 2,280 square feet of property area
- Built in 2023
- Located at 8217 Crestview Drive, Houston, TX 77028
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,863
Cap Rate
8.18%
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 8.18%
Second Best
Apartment 5plus
$369.0K
$322.9K – $430.5K
NOI $25,830 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$586.3K
$513.0K – $684.0K
NOI $41,040 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
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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
$108,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Houston, TX
Properties on Market for Duplexes in Houston
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Built in 2023, this Houston property is classified as a duplex asset.
Where is this duplex located?
The property is located at 8217 Crestview Drive Houston, TX.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 2,280 square feet of property area; Built in 2023; Located at 8217 Crestview Drive, Houston, TX 77028
