Duplex
10055/10053 Sharpton Drive, Houston, TX 77038
For Sale
$450,000
A two-story residence has three bedrooms, upstairs sleeping space, and an attached two-car garage.
Property Size2,098 SF
Price / SF$214.49
Days on Market93
Property Features for 10055/10053 Sharpton Drive
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Highway Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
eXp Realty LLC
Listed By:
Jay Thomas · License TX #550416
(832) 889-5607
Source:
Aplombrealestate
Added: Aug 10
Changed: Nov 10
Last Checked: Nov 9 at 7:29PM
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 eXp Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex property is associated with a two-story, 3-bedroom, 2.5-bath residence with upstairs bedrooms and an attached two-car garage. The reported building area is approximately 2,098 square feet, and the property was built in 2006.
The Houston property offers access to I-45 and Beltway 8. Doss Park and Mangum-Howell Community Center are identified nearby, while Jersey Village, The Woodlands shopping malls, and George Bush Intercontinental Airport are also mentioned in the surrounding-area information.
The Houston property offers access to I-45 and Beltway 8. Doss Park and Mangum-Howell Community Center are identified nearby, while Jersey Village, The Woodlands shopping malls, and George Bush Intercontinental Airport are also mentioned in the surrounding-area information.
Key Highlights
- Approximately 2,098 square feet of reported building area
- 3‑bedroom, 2.5‑bath residence with a two‑story layout
- Attached 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,479
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,580
$549.6K
Cap Rate 7%
$392,557
$392.6K
Cap Rate 9%
$305,322
$305.3K
Market Conditions
NOI Build-Up for 2,098 SF
Gross rent
$41.5K $19.80/SF
− Vacancy
−$2.3K −$1.09/SF
EGI
$39.3K $18.71/SF
− OpEx
−$11.8K −$5.61/SF
NOI
$27.5K $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%
$549,580
Cap Rate 7%
$392,557
Cap Rate 9%
$305,322
Alternative Uses
Best Use
Multifamily LT 5
$392.6K
$343.5K – $458.0K
NOI $27,479 @ 7.0% cap · market cap 6.11%
Second Best
Apartment 5plus
$339.6K
$297.1K – $396.2K
NOI $23,769 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$539.5K
$472.1K – $629.4K
NOI $37,764 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
Explore this area
Business Placement
Demographics for 77038, TX
30,483
Population
9,134
Households
3.3
Avg Household Size
31
Median Age
12%
College-Educated
65%
High-School Grad
9.7 sq mi
ZIP Area
3,143
Density / Sq Mi
$50,655
Median Household Income
$31,662
Median Earnings
$1,248
Median Rent
$173,500
Median Home Value
Market
Average Price Trend$/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 - A two-story residence has three bedrooms, upstairs sleeping space, and an attached two-car garage.
Where is this duplex located?
The property is located at 10055/10053 Sharpton Drive Houston, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Approximately 2,098 square feet of reported building area; 3‑bedroom, 2.5‑bath residence with a two‑story layout; Attached 2‑car garage
