Modern Tenant-Occupied
For Sale
$535,500
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$233.84
Days on Market49
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%
Site & Location
Neighborhood
South Park
Units
Unit Mix
6 x 1BR/1BA
Multifamily Units
6
Additional Details
Furnished
Yes
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$9,094
Amenities
Laminate
Yes
2
3
Common Area,Washer Hookup,Dryer Hookup
Appraiser
Granite Counters,Ceiling Fan(s),Programmable Thermostat
Partial
5700
More than Two
Paved
Private Entrance
2290
Building Details
Building Size
2,290 SF
Year Built
2023
Year Renovated
2023
Buildings
1
Stories
1
Listing Agency:
Exit Realty 360
(713) 987-7000
Listed By:
Lesley Burks
(210) 373-5555
Source:
Garygreene
Added: Sep 19
Changed: Nov 4
Last Checked: Nov 4 at 10:13AM
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 Exit Realty 360
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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 / Yr
$29,994
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
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
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 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 5.60%
Second Best
Apartment 5plus
$370.6K
$324.3K – $432.4K
NOI $25,944 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$588.9K
$515.3K – $687.0K
NOI $41,220 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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 $535,500.
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
