2-Unit Duplex with Attached
For Sale
$499,000
15503 Waldron Circle A, Houston, TX 77084
Vacant two-unit property with open layouts, private backyards, and attached garages in Cypress-Fairbanks ISD.
Property Size3,846 SF
Price / SF$129.75
Days on Market79
Property Features for 15503 Waldron Circle A
General Information
Standard status
Active
Size
3,846 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
No
Units
Unit Mix
2 x 4BR/3BA
Multifamily Units
2
Amenities
attached garage
private backyard
Building Details
Year Built
2005
Buildings
1
Listing Agency:
Spirit Real Estate Group, LLC
Listed By:
Ryan Whitley
(281) 742-9725
Source:
Nova-era
Added: Aug 5
Changed: Oct 5
Last Checked: Oct 7 at 2:42PM
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 Spirit Real Estate Group, LLC
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Investment Insights
Based on property information with market context.
This 2005 duplex at 15503 Waldron Circle contains 3,846 SF across two separate residences. Each 1,923 SF unit includes four bedrooms, three bathrooms, an open floor plan, an attached garage, and a private backyard. Both sides are vacant, providing immediate flexibility for an owner-occupant or separate leasing arrangements.
The property is located within Cypress-Fairbanks ISD with access to Highway 6, US-290, and I-10. Shopping and dining are also identified nearby. The two-home configuration combines full-size residential layouts with separate garage and outdoor spaces for each unit.
The property is located within Cypress-Fairbanks ISD with access to Highway 6, US-290, and I-10. Shopping and dining are also identified nearby. The two-home configuration combines full-size residential layouts with separate garage and outdoor spaces for each unit.
Key Highlights
- 3,846 SF duplex completed in 2005
- Two 4‑bedroom, 3‑bath units, each measuring 1,923 SF
- Both units are vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,762
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$895,240
$895.2K
Cap Rate 7%
$639,457
$639.5K
Cap Rate 9%
$497,356
$497.4K
Market Conditions
NOI Build-Up for 3,846 SF
Gross rent
$86.8K $22.56/SF
− Vacancy
−$5.4K −$1.40/SF
EGI
$81.4K $21.16/SF
− OpEx
−$36.6K −$9.52/SF
NOI
$44.8K $11.64/SF
Area
ZIP 77084
Vacancy
6.20%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$895,240
Cap Rate 7%
$639,457
Cap Rate 9%
$497,356
Alternative Uses
Best Use
Multifamily LT 5
$712.0K
$623.0K – $830.7K
NOI $49,841 @ 7.0% cap · market cap 9.99%
Second Best
Apartment 5plus
$639.5K
$559.5K – $746.0K
NOI $44,762 @ 7.0% cap · market cap 8.97%
Theoretical Best
Office A
$989.0K
$865.4K – $1.15M
NOI $69,228 @ 7.0% cap · market cap 13.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
791
Businesses Nearby
Explore this area
Business Placement
Demographics for 77084, TX
109,808
Population
39,087
Households
2.8
Avg Household Size
34
Median Age
30%
College-Educated
84%
High-School Grad
31.7 sq mi
ZIP Area
3,464
Density / Sq Mi
$76,327
Median Household Income
$39,937
Median Earnings
$1,522
Median Rent
$232,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-unit property with open layouts, private backyards, and attached garages in Cypress-Fairbanks ISD.
Where is this duplex located?
The property is located at 15503 Waldron Circle A Houston, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 3,846 SF duplex completed in 2005; Two 4‑bedroom, 3‑bath units, each measuring 1,923 SF; Both units are vacant
