Tenant-Occupied Duplex With Modern
For Sale
$464,999
5202 Northridge Drive Unit A/B, Houston, TX 77033
Two leased units offer three-bedroom layouts, contemporary interiors, and included appliances.
Property Size2,480 SF
Lot Size0.17 Acres
Days on Market116
Property Features for 5202 Northridge Drive Unit A/B
General Information
Standard status
Active
Size
2,480 SF
Lot size
0.17 Acres
Property subtype
Multi Family,Duplex
Occupancy
100%
Site & Location
Neighborhood
South Park
Highway Access
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,474
Building Details
Building Size
2,480 SF
Year Built
2022
Tenancy
Multi
Listing Agency:
5th Stream Realty
Listed By:
Ambrosia Hernandez
(346) 368-4580
Source:
Nancyalmodovar
Added: Jul 3
Changed: Oct 17
Last Checked: Oct 24 at 9:57PM
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 5th Stream Realty
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Investment Insights
Based on property information with market context.
Built in 2022, this duplex contains two occupied units, each arranged with three bedrooms, two full bathrooms, and an open living-and-dining area with elevated ceilings. Interior improvements include natural stone countertops, laminate flooring in primary living spaces, tile in wet areas, carpeted bedrooms, contemporary lighting, and appliances. PEX plumbing serves the property, and both units are currently leased.
The property occupies a 7,560-square-foot lot within a 500-year floodplain. Its Houston location provides access to major highways, shopping, and dining, with NRG Stadium approximately 5 minutes away, the Texas Medical Center 10 minutes away, and Downtown Houston 15 minutes away.
The property occupies a 7,560-square-foot lot within a 500-year floodplain. Its Houston location provides access to major highways, shopping, and dining, with NRG Stadium approximately 5 minutes away, the Texas Medical Center 10 minutes away, and Downtown Houston 15 minutes away.
Key Highlights
- Duplex built in 2022 with two tenant‑occupied units
- Each unit includes 3 bedrooms, 2 full baths, and an open living‑and‑dining area
- 7,560‑square‑foot lot within a 500‑year floodplain
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,482
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$649,640
$649.6K
Cap Rate 7%
$464,029
$464.0K
Cap Rate 9%
$360,911
$360.9K
Market Conditions
NOI Build-Up for 2,480 SF
Gross rent
$49.1K $19.80/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$46.4K $18.71/SF
− OpEx
−$13.9K −$5.61/SF
NOI
$32.5K $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%
$649,640
Cap Rate 7%
$464,029
Cap Rate 9%
$360,911
Alternative Uses
Best Use
Multifamily LT 5
$464.0K
$406.0K – $541.4K
NOI $32,482 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$401.4K
$351.2K – $468.3K
NOI $28,096 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$637.7K
$558.0K – $744.0K
NOI $44,640 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
460
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two leased units offer three-bedroom layouts, contemporary interiors, and included appliances.
Where is this duplex located?
The property is located at 5202 Northridge Drive Unit A/B Houston, TX.
What is the asking price?
The asking price for this property is $464,999.
What are key features of this property?
This property features: Duplex built in 2022 with two tenant‑occupied units; Each unit includes 3 bedrooms, 2 full baths, and an open living‑and‑dining area; 7,560‑square‑foot lot within a 500‑year floodplain
