Duplex with Private
2047 & 2049 Sheridan Street N, Houston, TX 77030
For Sale
$895,000
Two separate residences have individual entrances and access to a medical center within walking distance.
Property Size2,952 SF
Price / SF$303.18
Days on Market139
Property Features for 2047 & 2049 Sheridan Street N
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
manual entry gate
stacked washer/dryer
Building Details
Building Size
Year Built
Listing Agency:
Brenda Venable , An Independent Real Estate Broker
Listed By:
Brenda Venable
(832) 419-2513
Source:
Hautehausre
Added: Jun 24
Changed: Nov 8
Last Checked: Nov 9 at 4:18PM
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 Brenda Venable , An Independent Real Estate Broker
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Investment Insights
Based on property information with market context.
This 2,952-square-foot duplex, built in 1950, contains two separate residences, each with its own entrance and one-car garage. The described layout includes two bedrooms, a full upstairs bath with separate tub and shower, and a downstairs powder room. Wood floors extend through the living area and upstairs bedrooms, while the kitchen includes a full-capacity stacked washer and dryer.
Located at 2047 and 2049 Sheridan Street N in Houston, the property is within walking distance of a medical center. A manual-entry gate serves the site.
Located at 2047 and 2049 Sheridan Street N in Houston, the property is within walking distance of a medical center. A manual-entry gate serves the site.
Key Highlights
- Two separate residences, each with its own entrance
- One‑car garage for each residence
- 2,952 square feet; built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,664
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$773,280
$773.3K
Cap Rate 7%
$552,343
$552.3K
Cap Rate 9%
$429,600
$429.6K
Market Conditions
NOI Build-Up for 2,952 SF
Gross rent
$58.4K $19.80/SF
− Vacancy
−$3.2K −$1.09/SF
EGI
$55.2K $18.71/SF
− OpEx
−$16.6K −$5.61/SF
NOI
$38.7K $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%
$773,280
Cap Rate 7%
$552,343
Cap Rate 9%
$429,600
Alternative Uses
Best Use
Multifamily LT 5
$552.3K
$483.3K – $644.4K
NOI $38,664 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$477.8K
$418.1K – $557.4K
NOI $33,444 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$759.1K
$664.2K – $885.6K
NOI $53,136 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
10,091
Businesses Nearby
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Business Placement
Demographics for 77030, TX
13,221
Population
7,842
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
99%
High-School Grad
2.6 sq mi
ZIP Area
5,085
Density / Sq Mi
$79,415
Median Household Income
$62,929
Median Earnings
$1,684
Median Rent
$614,100
Median Home Value
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Market
Average Price Trend$/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 - Two separate residences have individual entrances and access to a medical center within walking distance.
Where is this duplex located?
The property is located at 2047 & 2049 Sheridan Street N Houston, TX.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Two separate residences, each with its own entrance; One‑car garage for each residence; 2,952 square feet; built in 1950
