Two-Story
For Sale
$375,000
8218 Bigwood Street Unit A/B, Houston, TX 77078
Each residence includes three bedrooms and two-and-a-half bathrooms across two levels.
Property Size2,360 SF
Days on Market13
Property Features for 8218 Bigwood Street Unit A/B
General Information
Standard status
Active
Size
2,360 SF
Property subtype
Multi Family,Duplex
Site & Location
Neighborhood
East Houston
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,844
Building Details
Building Size
2,360 SF
Year Built
2025
Listing Agency:
Rave Realty Group, LLC
Listed By:
Destini Buck
(414) 914-4448
Source:
Mpowerrealtygroup
Added: Oct 14
Changed: Oct 25
Last Checked: Oct 24 at 10:19PM
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 Rave Realty Group, LLC
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Investment Insights
Based on property information with market context.
Built in 2025, this duplex contains two two-story residences, each with three bedrooms and two-and-a-half bathrooms. One residence is occupied by a tenant; the other is available for occupancy or leasing.
Key Highlights
- Built in 2025
- Two residences, each arranged over two stories
- Both units have 3 bedrooms and 2.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,911
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,220
$618.2K
Cap Rate 7%
$441,586
$441.6K
Cap Rate 9%
$343,456
$343.5K
Market Conditions
NOI Build-Up for 2,360 SF
Gross rent
$46.7K $19.80/SF
− Vacancy
−$2.6K −$1.09/SF
EGI
$44.2K $18.71/SF
− OpEx
−$13.2K −$5.61/SF
NOI
$30.9K $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%
$618,220
Cap Rate 7%
$441,586
Cap Rate 9%
$343,456
Alternative Uses
Best Use
Multifamily LT 5
$441.6K
$386.4K – $515.2K
NOI $30,911 @ 7.0% cap · market cap 8.24%
Second Best
Apartment 5plus
$382.0K
$334.2K – $445.6K
NOI $26,737 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$606.9K
$531.0K – $708.0K
NOI $42,480 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes three bedrooms and two-and-a-half bathrooms across two levels.
Where is this duplex located?
The property is located at 8218 Bigwood Street Unit A/B Houston, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Built in 2025; Two residences, each arranged over two stories; Both units have 3 bedrooms and 2.5 bathrooms
