Modern Tenant-Occupied
New
For Sale
$545,500
5122 Southwind Street, Houston, TX 77033
Recently built duplex with updated interiors, private outdoor space, and two dedicated parking spaces per unit.
Property Size2,290 SF
Lot Size0.40 Acres
Price / SF$238.21
Days on Market3
Property Features for 5122 Southwind Street
General Information
Standard status
Active
Size
2,290 SF
Lot size
0.40 Acres
Property subtype
Multi-Family
Occupancy
78%
Units
Unit Mix
6 x 1BR/1BA
Multifamily Units
6
Additional Details
Furnished
Yes
Business Included
Yes
Building Details
Year Built
2023
Year Renovated
2023
Buildings
1
Listing Agency:
Buffalo Real Estate Partners
Listed By:
HTOWN OWNER FINANCE
(281) 616-5202
Source:
Ownerfinancinginhouston
Added: Sep 19
Changed: Sep 20
Last Checked: Sep 21 at 6:25AM
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 Buffalo Real Estate Partners
Investment Insights
Based on property information with market context.
Built in 2023, this 2,290-square-foot duplex is occupied on both sides and offers two separately configured residences. Each side features a three-bedroom, two-bath layout with an open living area, 9-foot ceilings, ceiling fans, and hard-surface flooring throughout. Kitchens include granite countertops, center islands, stainless-steel appliances, and extensive cabinetry. Bathrooms are finished with contemporary fixtures, while in-unit washer and dryer setups add convenience.
Each residence has its own driveway with parking for two vehicles and a fully fenced backyard. The property is located near the Texas Medical Center, NRG Stadium, the Convention Center, and the Galleria, with access to highways 610, 288, and 45. Downtown Houston, the University of Houston, Texas Southern University, and Rice University are also nearby.
Each residence has its own driveway with parking for two vehicles and a fully fenced backyard. The property is located near the Texas Medical Center, NRG Stadium, the Convention Center, and the Galleria, with access to highways 610, 288, and 45. Downtown Houston, the University of Houston, Texas Southern University, and Rice University are also nearby.
Key Highlights
- Built in 2023 with 2,290 square feet
- Both sides are tenant occupied
- Each unit offers 3 bedrooms and 2 baths
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
$29,994
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
5.50%
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%
$599,880
$599.9K
Cap Rate 7%
$428,486
$428.5K
Cap Rate 9%
$333,267
$333.3K
Market Conditions
NOI Build-Up for 2,290 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
$45.3K $19.80/SF
− Vacancy
−$2.5K −$1.09/SF
EGI
$42.8K $18.71/SF
− OpEx
−$12.9K −$5.61/SF
NOI
$30.0K $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%
$599,880
Cap Rate 7%
$428,486
Cap Rate 9%
$333,267
Alternative Uses
Best Use
Multifamily LT 5
$428.5K
$374.9K – $499.9K
NOI $29,994 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$370.6K
$324.3K – $432.4K
NOI $25,944 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$588.9K
$515.3K – $687.0K
NOI $41,220 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
6
Residential units
78%
Occupancy
Turnkey business
Opportunity
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
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Recently built duplex with updated interiors, private outdoor space, and two dedicated parking spaces per unit.
Where is this duplex located?
The property is located at 5122 Southwind Street Houston, TX.
What is the asking price?
The asking price for this property is $545,500.
What are key features of this property?
This property features: Built in 2023 with 2,290 square feet; Both sides are tenant occupied; Each unit offers 3 bedrooms and 2 baths
