Duplex with Private
For Sale
$405,000
8534 Woodlyn Rd, Houston, TX 77028
Section 8-approved duplex with fenced outdoor space and recently built interiors configured for residential occupancy.
Property Size3,230 SF
Days on Market52
Property Features for 8534 Woodlyn Rd
General Information
Standard status
Active
Size
3,230 SF
Property subtype
Investment
Lease Term
12 months
Site & Location
Neighborhood
East Houston
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,218
Amenities
private fenced backyard
individual garage
gated property
Building Details
Building Size
3,230 SF
Year Built
2021
Stories
2
Units
2
Listing Agency:
StepStone Realty LLC
Listed By:
Katherine Hines
(832) 402-4488
Source:
Elliman
Added: Sep 5
Changed: Oct 10
Last Checked: Oct 24 at 7:21PM
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 StepStone Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2021, this gated duplex includes two residential units with a practical bedroom-up configuration. Each unit contains 3 bedrooms, 2.5 bathrooms, no carpet, a private fenced backyard, and an individual garage. The property is approved for Section 8 housing and is offered in its current condition, providing a defined setup for an investor or owner-occupant.
Located at 8534 Woodlyn Rd in Houston, the property records a Walk Score of 6, a Bike Score of 28, and a Transit Score of 32. These ratings indicate a car-dependent setting with some transit access and limited bike connectivity.
Located at 8534 Woodlyn Rd in Houston, the property records a Walk Score of 6, a Bike Score of 28, and a Transit Score of 32. These ratings indicate a car-dependent setting with some transit access and limited bike connectivity.
Key Highlights
- Duplex built in 2021
- Section 8‑approved property
- Each unit has 3 bedrooms and 2.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,593
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$731,860
$731.9K
Cap Rate 7%
$522,757
$522.8K
Cap Rate 9%
$406,589
$406.6K
Market Conditions
NOI Build-Up for 3,230 SF
Gross rent
$70.9K $21.96/SF
− Vacancy
−$4.4K −$1.36/SF
EGI
$66.5K $20.60/SF
− OpEx
−$29.9K −$9.27/SF
NOI
$36.6K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$731,860
Cap Rate 7%
$522,757
Cap Rate 9%
$406,589
Alternative Uses
Best Use
Multifamily LT 5
$604.4K
$528.8K – $705.1K
NOI $42,306 @ 7.0% cap · market cap 10.45%
Second Best
Apartment 5plus
$522.8K
$457.4K – $609.9K
NOI $36,593 @ 7.0% cap · market cap 9.04%
Theoretical Best
Office A
$830.6K
$726.8K – $969.0K
NOI $58,140 @ 7.0% cap · market cap 14.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Section 8-approved duplex with fenced outdoor space and recently built interiors configured for residential occupancy.
Where is this duplex located?
The property is located at 8534 Woodlyn Rd Houston, TX.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: Duplex built in 2021; Section 8‑approved property; Each unit has 3 bedrooms and 2.5 bathrooms
