Newer Duplex with Private
New
For Sale
$600,000
8419 Woodward Street, Houston, TX 77051
Modern interiors feature granite countertops, custom cabinetry, and stainless steel appliances.
Property Size3,668 SF
Days on Market6
Property Features for 8419 Woodward Street
General Information
Standard status
Active
Size
3,668 SF
Property subtype
Multi Family,Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
high ceilings
granite countertops
stainless steel appliances
private yard
walk-in closet
ensuite bath
Building Details
Building Size
3,668 SF
Year Built
2024
Listing Agency:
eXp Realty LLC
(281) 300-4602
Listed By:
Stedman Esene
(281) 300-4602
Source:
Mpowerrealtygroup
Added: Aug 19
Changed: Aug 24
Last Checked: Aug 23 at 9:41AM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
Built in 2024, this duplex combines contemporary finishes with an open-concept interior. The layout includes high ceilings, abundant natural light, granite countertops, custom cabinetry, and stainless steel appliances connecting the kitchen with the dining and living areas. A primary suite includes an ensuite bath and walk-in closet, while three additional bedrooms and 3.5 baths provide flexible space for residents, guests, or office use. The property also includes a private yard for outdoor enjoyment.
Located at 8419 Woodward St in Houston, the property is near major highways, the Texas Medical Center, Downtown Houston, and the University of Houston. Walk Score is 4, Bike Score is 29, and Transit Score is 41.
Located at 8419 Woodward St in Houston, the property is near major highways, the Texas Medical Center, Downtown Houston, and the University of Houston. Walk Score is 4, Bike Score is 29, and Transit Score is 41.
Key Highlights
- Built in 2024
- Duplex with open‑concept interior layout
- Granite countertops, custom cabinetry, and stainless steel appliances
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
$48,042
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
8.01%
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%
$960,840
$960.8K
Cap Rate 7%
$686,314
$686.3K
Cap Rate 9%
$533,800
$533.8K
Market Conditions
NOI Build-Up for 3,668 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
$72.6K $19.80/SF
− Vacancy
−$4.0K −$1.09/SF
EGI
$68.6K $18.71/SF
− OpEx
−$20.6K −$5.61/SF
NOI
$48.0K $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%
$960,840
Cap Rate 7%
$686,314
Cap Rate 9%
$533,800
Alternative Uses
Best Use
Multifamily LT 5
$686.3K
$600.5K – $800.7K
NOI $48,042 @ 7.0% cap · market cap 8.01%
Second Best
Apartment 5plus
$593.6K
$519.4K – $692.6K
NOI $41,555 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$943.2K
$825.3K – $1.10M
NOI $66,024 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
295
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Modern interiors feature granite countertops, custom cabinetry, and stainless steel appliances.
Where is this duplex located?
The property is located at 8419 Woodward Street Houston, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Built in 2024; Duplex with open‑concept interior layout; Granite countertops, custom cabinetry, and stainless steel appliances
