Two-Unit
For Sale
$375,000
Ab-8218 Bigwood St, Houston, TX 77016
Each two-story residence has three bedrooms and two-and-a-half bathrooms, and both are currently occupied by tenants.
Property Size2,360 SF
Price / SF$158.90
Days on Market20
Property Features for Ab-8218 Bigwood St
General Information
Standard status
Active
Size
2,360 SF
Property subtype
Residential Income
Occupancy
100%
Site & Location
Neighborhood
East Little York / Homestead
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,844
Building Details
Year Built
2025
Tenancy
Multi
Listing Agency:
Rave Realty Group, LLC
(832) 504-7252
Listed By:
Destini Buck
(414) 914-4448
Source:
Exprealty
Added: Oct 14
Changed: Nov 1
Last Checked: Nov 1 at 11:55AM
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 Rave Realty Group, 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.
Completed in 2025, this duplex contains 2,360 square feet across two two-story residences. Each side is configured with three bedrooms and two-and-a-half bathrooms, offering a consistent layout across the property.
Tenants currently occupy both residences. The property is located in Houston, Texas.
Tenants currently occupy both residences. The property is located in Houston, Texas.
Key Highlights
- 2,360‑square‑foot duplex built in 2025
- Two two‑story residences, each with 3 bedrooms and 2.5 bathrooms
- Both residences are tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,911
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,220
$618.2K
Cap Rate 7%
$441,586
$441.6K
Cap Rate 9%
$343,456
$343.5K
Market Conditions
NOI Build-Up for 2,360 SF
Gross rent
$46.7K $19.80/SF
− Vacancy
−$2.6K −$1.09/SF
EGI
$44.2K $18.71/SF
− OpEx
−$13.2K −$5.61/SF
NOI
$30.9K $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%
$618,220
Cap Rate 7%
$441,586
Cap Rate 9%
$343,456
Alternative Uses
Best Use
Multifamily LT 5
$441.6K
$386.4K – $515.2K
NOI $30,911 @ 7.0% cap · market cap 8.24%
Second Best
Apartment 5plus
$382.0K
$334.2K – $445.6K
NOI $26,737 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$606.9K
$531.0K – $708.0K
NOI $42,480 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
331
Businesses Nearby
Explore this area
Business Placement
Demographics for 77016, TX
29,966
Population
11,131
Households
2.7
Avg Household Size
37
Median Age
11%
College-Educated
75%
High-School Grad
9.9 sq mi
ZIP Area
3,027
Density / Sq Mi
$46,411
Median Household Income
$30,510
Median Earnings
$1,163
Median Rent
$111,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each two-story residence has three bedrooms and two-and-a-half bathrooms, and both are currently occupied by tenants.
Where is this duplex located?
The property is located at Ab-8218 Bigwood St Houston, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,360‑square‑foot duplex built in 2025; Two two‑story residences, each with 3 bedrooms and 2.5 bathrooms; Both residences are tenant‑occupied
