Remodeled Two-Unit
New
For Sale
$212,000
5301 Higgins Street, Houston, TX 77033
Separate residential units include three-bedroom and two-bedroom layouts with updates completed in 2019.
Property Size1,115 SF
Price / SF$190.13
Days on Market2
Property Features for 5301 Higgins Street
General Information
Standard status
Active
Size
1,115 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,321
Amenities
Yes
2
3
Appraiser
9120
1115
Building Details
Building Size
1,115 SF
Year Built
1947
Year Renovated
2019
Stories
1
Listing Agency:
Allure Real Estate Brokerage
(832) 334-0001
Listed By:
G.G. Corporate Connect
Source:
Garygreene
Added: Sep 7
Last Checked: Sep 8 at 5:21AM
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 Allure Real Estate Brokerage
Investment Insights
Based on property information with market context.
This two-unit duplex at 5301 Higgins Street includes a front residence with three bedrooms and two bathrooms, plus a rear residence with two bedrooms and one bathroom. Both units were remodeled in 2019, and the property is being offered in its current condition. The combined property size is 1,115 SF.
Located in Houston, the duplex is less than 10 minutes from downtown Houston. The two-unit configuration supports separate occupancy arrangements, including rental use or a live-in-and-rent setup, as described for the property.
Located in Houston, the duplex is less than 10 minutes from downtown Houston. The two-unit configuration supports separate occupancy arrangements, including rental use or a live-in-and-rent setup, as described for the property.
Key Highlights
- Two‑unit duplex at 5301 Higgins Street, Houston, TX 77033
- Front residence offers 3 bedrooms and 2 bathrooms
- Rear residence includes 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,604
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$292,080
$292.1K
Cap Rate 7%
$208,629
$208.6K
Cap Rate 9%
$162,267
$162.3K
Market Conditions
NOI Build-Up for 1,115 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.1K $19.80/SF
− Vacancy
−$1.2K −$1.09/SF
EGI
$20.9K $18.71/SF
− OpEx
−$6.3K −$5.61/SF
NOI
$14.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$292,080
Cap Rate 7%
$208,629
Cap Rate 9%
$162,267
Alternative Uses
Best Use
Multifamily LT 5
$208.6K
$182.6K – $243.4K
NOI $14,604 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$180.5K
$157.9K – $210.5K
NOI $12,632 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$286.7K
$250.9K – $334.5K
NOI $20,070 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
278
Businesses Nearby
Explore this area
Business Placement
Demographics for 77033, TX
28,369
Population
10,228
Households
2.8
Avg Household Size
36
Median Age
9%
College-Educated
72%
High-School Grad
5.7 sq mi
ZIP Area
4,977
Density / Sq Mi
$37,081
Median Household Income
$28,459
Median Earnings
$1,204
Median Rent
$98,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Separate residential units include three-bedroom and two-bedroom layouts with updates completed in 2019.
Where is this duplex located?
The property is located at 5301 Higgins Street Houston, TX.
What is the asking price?
The asking price for this property is $212,000.
What are key features of this property?
This property features: Two‑unit duplex at 5301 Higgins Street, Houston, TX 77033; Front residence offers 3 bedrooms and 2 bathrooms; Rear residence includes 2 bedrooms and 1 bathroom
