Residential Income Property with
New
For Sale
$1,210,990
5111 Higgins Street, Houston, TX 77033
Gated access, a garage, paved areas, and a balcony are among the property's listed exterior features.
Property Size6,452 SF
Days on Market5
Property Features for 5111 Higgins Street
General Information
Standard status
Active
Size
6,452 SF
Property subtype
Multi Family,Quadruplex
Site & Location
Neighborhood
South Park
Building Details
Building Size
6,452 SF
Year Built
2026
Listing Agency:
The Goldstein Group LLC
Listed By:
Chinonso Ochi-Okorie · License #0559334
(832) 380-4541
Source:
Nancyalmodovar
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 24 at 8:19PM
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 The Goldstein Group LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property measures 6,452 square feet and was built in 2026. Listed interior features include electric and natural gas service, a water heater, disposal, microwave, dishwasher, and smart thermostat.
Exterior features include a garage, paved areas, gated access, a private entrance, and a balcony. The property is located on Higgins Street in Houston, Harris County.
Exterior features include a garage, paved areas, gated access, a private entrance, and a balcony. The property is located on Higgins Street in Houston, Harris County.
Key Highlights
- 6,452‑square‑foot residential income property
- Built in 2026
- Garage, paved areas, and gated access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,096
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,461,920
$1.5M
Cap Rate 7%
$1,044,229
$1.0M
Cap Rate 9%
$812,178
$812.2K
Market Conditions
NOI Build-Up for 6,452 SF
Gross rent
$141.7K $21.96/SF
− Vacancy
−$8.8K −$1.36/SF
EGI
$132.9K $20.60/SF
− OpEx
−$59.8K −$9.27/SF
NOI
$73.1K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,461,920
Cap Rate 7%
$1,044,229
Cap Rate 9%
$812,178
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$913.7K – $1.22M
NOI $73,096 @ 7.0% cap · market cap 6.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,136 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
494
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
Frequently Asked Questions
What type of property is this?
Residential income property - Gated access, a garage, paved areas, and a balcony are among the property's listed exterior features.
Where is this residential income property located?
The property is located at 5111 Higgins Street Houston, TX.
What is the asking price?
The asking price for this property is $1,210,990.
What are key features of this property?
This property features: 6,452‑square‑foot residential income property; Built in 2026; Garage, paved areas, and gated access
