Building Details

Building Size 2,772 SF

Year Built 1970

Buildings 1

Stories 1

Listing Agency: Texas Signature Realty Show Phone

Listed By: Charlotte Broesche Show Phone

Source: Garygreene

Added: Aug 5 Changed: Oct 16 Last Checked: Oct 16 at 7:10AM

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Investment Insights

Based on property information with market context.

This two-unit duplex, built in 1970, combines a completed renovation in one residence with additional improvements in the other. The renovated unit includes replacement windows, new flooring, fresh paint, updated appliances, a new HVAC system, and fencing. The second unit has replacement windows and blinds, updated flooring in the main living spaces, and refreshed interior paint. Both residences offer updated interiors and residential layouts suitable for continued occupancy or owner use with rental income from the other unit.

Located in Houston, the property has a Walk Score of 32, a Bike Score of 49, and a Transit Score of 32. The property is not subject to an HOA.

Key Highlights

• Duplex with two residential units
• One unit fully renovated with flooring, appliances, HVAC, windows, paint, and fencing
• Second unit includes replacement windows, blinds, flooring, and interior paint

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,307

Cap Rate

8.65%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$726,140 $726.1K

Cap Rate 7%

$518,671 $518.7K

Cap Rate 9%

$403,411 $403.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,772 SF

Gross rent

$54.9K $19.80/SF

− Vacancy

−$3.0K −$1.09/SF

EGI

$51.9K $18.71/SF

− OpEx

−$15.6K −$5.61/SF

NOI

$36.3K $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%

$726,140

Cap Rate 7%

$518,671

Cap Rate 9%

$403,411

Alternative Uses

Best Use

Multifamily LT 5

$518.7K

$453.8K – $605.1K (±1% cap)

NOI $36,307 @ 7.0% cap · market cap 8.65%

Second Best

Apartment 5plus

$448.6K

$392.6K – $523.4K (±1% cap)

NOI $31,404 @ 7.0% cap · market cap 7.48%

Theoretical Best

Office A

$712.8K

$623.7K – $831.6K (±1% cap)

NOI $49,896 @ 7.0% cap · market cap 11.88%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Chosen Bayou Marketing & Advertising

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Spa & Massage Center Gym & Fitness Center Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

467

Businesses Nearby

Explore this area Business Placement

Demographics for 77080, TX

45,428

Population

17,394

Households

2.6

Avg Household Size

33

Median Age

27%

College-Educated

68%

High-School Grad

6.4 sq mi

ZIP Area

7,098

Density / Sq Mi

$63,056

Median Household Income

$33,658

Median Earnings

$1,253

Median Rent

$311,600

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two-unit residential property with renovations, replacement windows, refreshed interiors, and no HOA restrictions.

Where is this duplex located?

The property is located at 9414 Springview Lane Houston, TX.

What is the asking price?

The asking price for this property is $419,900.

What are key features of this property?

This property features: Duplex with two residential units; One unit fully renovated with flooring, appliances, HVAC, windows, paint, and fencing; Second unit includes replacement windows, blinds, flooring, and interior paint