Newly Constructed Three-Bedroom
For Sale
$410,000
A-b-8157 Tate St, Houston, TX 77028
Occupied duplex with private bedroom suites, modern finishes, included appliances, and outdoor space.
Property Size2,180 SF
Price / SF$188.07
Days on Market62
Property Features for A-b-8157 Tate St
General Information
Standard status
Active
Size
2,180 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Settegast
Units
Unit Mix
2 x 3BR/3BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,736
Amenities
backyard
Listing Agency:
Better Homes and Gardens Real Estate Gary Greene - The Woodlands
(281) 367-3531
Listed By:
Christy Andrew
(832) 428-0449
Source:
Exprealty
Added: Sep 6
Changed: Oct 25
Last Checked: Nov 4 at 6:04PM
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 Better Homes and Gardens Real Estate Gary Greene - The Woodlands
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Investment Insights
Based on property information with market context.
This newly constructed duplex contains 2,180 square feet and is arranged as two three-bedroom, three-bathroom units. Each bedroom has a private bathroom and walk-in closet, while the interiors feature open layouts, vinyl plank flooring, granite countertops, stainless steel appliances, and touch-activated bathroom mirrors. Refrigerators and washer/dryer sets are included with the property.
Both units are occupied, and the property provides backyard space for outdoor use. The combination of bedroom-level bathrooms, private closets, and contemporary finishes supports a practical configuration for shared residential living.
Both units are occupied, and the property provides backyard space for outdoor use. The combination of bedroom-level bathrooms, private closets, and contemporary finishes supports a practical configuration for shared residential living.
Key Highlights
- Newly constructed duplex with 2,180 square feet
- Two units, each with 3 bedrooms and 3 bathrooms
- Every bedroom includes a private bathroom and walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,553
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$571,060
$571.1K
Cap Rate 7%
$407,900
$407.9K
Cap Rate 9%
$317,256
$317.3K
Market Conditions
NOI Build-Up for 2,180 SF
Gross rent
$43.2K $19.80/SF
− Vacancy
−$2.4K −$1.09/SF
EGI
$40.8K $18.71/SF
− OpEx
−$12.2K −$5.61/SF
NOI
$28.6K $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%
$571,060
Cap Rate 7%
$407,900
Cap Rate 9%
$317,256
Alternative Uses
Best Use
Multifamily LT 5
$407.9K
$356.9K – $475.9K
NOI $28,553 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$352.8K
$308.7K – $411.6K
NOI $24,698 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$560.6K
$490.5K – $654.0K
NOI $39,240 @ 7.0% cap · market cap 9.57%
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
189
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Occupied duplex with private bedroom suites, modern finishes, included appliances, and outdoor space.
Where is this duplex located?
The property is located at A-b-8157 Tate St Houston, TX.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Newly constructed duplex with 2,180 square feet; Two units, each with 3 bedrooms and 3 bathrooms; Every bedroom includes a private bathroom and walk‑in closet
