Duplex with Private
For Sale
$599,000
8220 Gladstone Street Unit A/B, Houston, TX 77051
Both residences offer balconies, private garages, and upgraded kitchen and primary-suite finishes.
Property Size3,542 SF
Days on Market17
Property Features for 8220 Gladstone Street Unit A/B
General Information
Standard status
Active
Size
3,542 SF
Property subtype
Multi Family,Duplex
Site & Location
Neighborhood
Sunnyside Civic Club, Inc.
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Amenities
private garage
balcony
Building Details
Building Size
3,542 SF
Year Built
2026
Buildings
1
Listing Agency:
Nextgen Real Estate Properties
Listed By:
Norisha Johnson
(346) 304-1590
Source:
Mpowerrealtygroup
Added: Oct 19
Changed: Nov 3
Last Checked: Nov 3 at 11:23AM
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 Nextgen Real Estate Properties
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Investment Insights
Based on property information with market context.
Built in 2026, this two-unit duplex has never been occupied. Each residence includes three bedrooms, two and a half bathrooms, a private garage, and a balcony. Interior features include high ceilings, wood cabinetry, waterfall kitchen islands, and primary suites with soaking tubs, glass showers, dual vanities, and walk-in closets.
The property is in Houston near the Texas Medical Center, Downtown, and major educational and employment hubs. There is no HOA. The two-residence configuration includes separate private garages and balconies for each unit.
The property is in Houston near the Texas Medical Center, Downtown, and major educational and employment hubs. There is no HOA. The two-residence configuration includes separate private garages and balconies for each unit.
Key Highlights
- Two residences, each with 3 bedrooms and 2.5 bathrooms
- Each unit includes a private garage and balcony
- Built in 2026 and never occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,392
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$927,840
$927.8K
Cap Rate 7%
$662,743
$662.7K
Cap Rate 9%
$515,467
$515.5K
Market Conditions
NOI Build-Up for 3,542 SF
Gross rent
$70.1K $19.80/SF
− Vacancy
−$3.9K −$1.09/SF
EGI
$66.3K $18.71/SF
− OpEx
−$19.9K −$5.61/SF
NOI
$46.4K $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%
$927,840
Cap Rate 7%
$662,743
Cap Rate 9%
$515,467
Alternative Uses
Best Use
Multifamily LT 5
$662.7K
$579.9K – $773.2K
NOI $46,392 @ 7.0% cap · market cap 7.74%
Second Best
Apartment 5plus
$573.3K
$501.6K – $668.8K
NOI $40,128 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$910.8K
$797.0K – $1.06M
NOI $63,756 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
331
Businesses Nearby
Explore this area
Business Placement
Demographics for 77051, TX
18,323
Population
7,453
Households
2.5
Avg Household Size
34
Median Age
15%
College-Educated
78%
High-School Grad
7.4 sq mi
ZIP Area
2,476
Density / Sq Mi
$40,030
Median Household Income
$31,914
Median Earnings
$1,332
Median Rent
$171,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer balconies, private garages, and upgraded kitchen and primary-suite finishes.
Where is this duplex located?
The property is located at 8220 Gladstone Street Unit A/B Houston, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2.5 bathrooms; Each unit includes a private garage and balcony; Built in 2026 and never occupied
