Updated Duplex with Two
9414 Springview Lane, Houston, TX 77080
For Sale
$419,900
Two-unit residential property with renovations, replacement windows, refreshed interiors, and no HOA restrictions.
Property Size2,772 SF
Price / SF$151.48
Days on Market98
Property Features for 9414 Springview Lane
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Yes
4
6
Appraiser
Cul-De-Sac
7310
Two
2772
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Compass RE Texas, LLC - The Heights
(832) 899-4788
Listed By:
Tatiana Micolta
(832) 452-8573
Source:
Garygreene
Added: Aug 5
Changed: Nov 8
Last Checked: Nov 10 at 5:40AM
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 Compass RE Texas, LLC - The Heights
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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.
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
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
NOI $36,307 @ 7.0% cap · market cap 8.65%
Second Best
Apartment 5plus
$448.6K
$392.6K – $523.4K
NOI $31,404 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$712.8K
$623.7K – $831.6K
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
Who owns this building?
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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
$311,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Houston, TX
Properties on Market for Duplexes in Houston
Vacancy Rate% for Multifamily in South region
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
