Leased Duplex with Recent
For Sale
$430,000
5105 Southwind Street A&b, Houston, TX 77033
Both units are leased and feature recent interior paint and flooring improvements.
Property Size2,356 SF
Price / SF$182.51
Days on Market60
Property Features for 5105 Southwind Street A&b
General Information
Standard status
Active
Size
2,356 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
South Park
Highway Access
Yes
Building Details
Year Built
2020
Listing Agency:
First Class Realtors
Listed By:
David Cole · License #0444240
(832) 283-1500
Source:
Vincesoldit
Added: Sep 2
Changed: Oct 26
Last Checked: Oct 30 at 5:27PM
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 First Class Realtors
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Investment Insights
Based on property information with market context.
Built in 2020, this duplex encompasses 2,356 square feet and is configured as two residential units. Recent interior paint and flooring updates provide refreshed finishes, while a stainless-steel refrigerator is included with the property. Both sides are currently leased, allowing a new owner to assume an occupied asset.
The property is located at 5105 Southwind Street A&B in Houston, Texas 77033, with convenient proximity to the freeway. Its two-unit format, recent updates, and existing leases provide a straightforward residential income property profile.
The property is located at 5105 Southwind Street A&B in Houston, Texas 77033, with convenient proximity to the freeway. Its two-unit format, recent updates, and existing leases provide a straightforward residential income property profile.
Key Highlights
- Duplex built in 2020
- 2,356 square feet of property area
- Both sides are leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,858
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$617,160
$617.2K
Cap Rate 7%
$440,829
$440.8K
Cap Rate 9%
$342,867
$342.9K
Market Conditions
NOI Build-Up for 2,356 SF
Gross rent
$46.6K $19.80/SF
− Vacancy
−$2.6K −$1.09/SF
EGI
$44.1K $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%
$617,160
Cap Rate 7%
$440,829
Cap Rate 9%
$342,867
Alternative Uses
Best Use
Multifamily LT 5
$440.8K
$385.7K – $514.3K
NOI $30,858 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$381.3K
$333.7K – $444.9K
NOI $26,692 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$605.8K
$530.1K – $706.8K
NOI $42,408 @ 7.0% cap · market cap 9.86%
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
458
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
Frequently Asked Questions
What type of property is this?
Duplex - Both units are leased and feature recent interior paint and flooring improvements.
Where is this duplex located?
The property is located at 5105 Southwind Street A&b Houston, TX.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Duplex built in 2020; 2,356 square feet of property area; Both sides are leased
