New-Construction
New
For Sale
$510,000
5115 Briscoe Street Unit A/B, Houston, TX 77033
Separate units feature private garages, individual driveways, and dedicated backyard space.
Property Size2,676 SF
Days on Market6
Property Features for 5115 Briscoe Street Unit A/B
General Information
Standard status
Active
Size
2,676 SF
Property subtype
Multi Family,Duplex
Units
Multifamily Units
2
Parking per Unit
2
Amenities
private 2-car garage
private driveway
private backyard
10-ft ceilings
granite counters
custom cabinets
walk-in closet
vaulted ceilings
laminate flooring
Building Details
Building Size
2,676 SF
Year Built
2026
Buildings
1
Listing Agency:
Intown Homes
(713) 340-9010
Listed By:
Emily Wang
(713) 340-9010
Source:
Mpowerrealtygroup
Added: Aug 26
Changed: Aug 30
Last Checked: Aug 30 at 10:38PM
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 Intown Homes
Investment Insights
Based on property information with market context.
This duplex at 5115 Briscoe Street in Houston was built in 2026 and offers two distinct residential units. Each side includes a private 2-car garage, its own driveway for additional parking, and a 19-by-36-foot backyard. The interiors feature 10-foot living-area ceilings, wide-plank laminate flooring, granite kitchen and bathroom countertops, and custom furniture-grade cabinetry with soft-close hardware.
Primary suites include walk-in closets and vaulted ceilings ranging from 9 to 11 feet. The second-level layout places the bedrooms on opposite sides of each unit, creating separation between sleeping areas. The property is identified as a duplex and is offered for sale.
Primary suites include walk-in closets and vaulted ceilings ranging from 9 to 11 feet. The second-level layout places the bedrooms on opposite sides of each unit, creating separation between sleeping areas. The property is identified as a duplex and is offered for sale.
Key Highlights
- Built in 2026 as a two‑unit duplex
- Each unit includes a private 2‑car garage
- Individual driveways provide additional parking for each unit
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
$35,049
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
6.87%
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%
$700,980
$701.0K
Cap Rate 7%
$500,700
$500.7K
Cap Rate 9%
$389,433
$389.4K
Market Conditions
NOI Build-Up for 2,676 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
$53.0K $19.80/SF
− Vacancy
−$2.9K −$1.09/SF
EGI
$50.1K $18.71/SF
− OpEx
−$15.0K −$5.61/SF
NOI
$35.0K $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%
$700,980
Cap Rate 7%
$500,700
Cap Rate 9%
$389,433
Alternative Uses
Best Use
Multifamily LT 5
$500.7K
$438.1K – $584.2K
NOI $35,049 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$433.1K
$379.0K – $505.3K
NOI $30,317 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$688.1K
$602.1K – $802.8K
NOI $48,168 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
378
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
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Frequently Asked Questions
What type of property is this?
Duplex - Separate units feature private garages, individual driveways, and dedicated backyard space.
Where is this duplex located?
The property is located at 5115 Briscoe Street Unit A/B Houston, TX.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Built in 2026 as a two‑unit duplex; Each unit includes a private 2‑car garage; Individual driveways provide additional parking for each unit
