Remodeled Two-Unit
For Sale
$212,000
5301 Higgins Street, Houston, TX 77033
Separate residential units include three-bedroom and two-bedroom layouts with updates completed in 2019.
Property Size1,115 SF
Price / SF$190.13
Days on Market49
Property Features for 5301 Higgins Street
General Information
Standard status
Active
Size
1,115 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
South Park
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,321
Amenities
Yes
2
3
Appraiser
9120
1115
Building Details
Building Size
1,115 SF
Year Built
1947
Year Renovated
2019
Stories
1
Listing Agency:
Anne Vickery & Associates Realty, LLC
(832) 334-0001
Listed By:
G.G. Corporate Connect
Source:
Garygreene
Added: Sep 7
Changed: Oct 25
Last Checked: Oct 24 at 2:33PM
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 Anne Vickery & Associates Realty, LLC
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Investment Insights
Based on property information with market context.
This two-unit duplex at 5301 Higgins Street includes a front residence with three bedrooms and two bathrooms, plus a rear residence with two bedrooms and one bathroom. Both units were remodeled in 2019, and the property is being offered in its current condition. The combined property size is 1,115 SF.
Located in Houston, the duplex is less than 10 minutes from downtown Houston. The two-unit configuration supports separate occupancy arrangements, including rental use or a live-in-and-rent setup, as described for the property.
Located in Houston, the duplex is less than 10 minutes from downtown Houston. The two-unit configuration supports separate occupancy arrangements, including rental use or a live-in-and-rent setup, as described for the property.
Key Highlights
- Two‑unit duplex at 5301 Higgins Street, Houston, TX 77033
- Front residence offers 3 bedrooms and 2 bathrooms
- Rear residence includes 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,604
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$292,080
$292.1K
Cap Rate 7%
$208,629
$208.6K
Cap Rate 9%
$162,267
$162.3K
Market Conditions
NOI Build-Up for 1,115 SF
Gross rent
$22.1K $19.80/SF
− Vacancy
−$1.2K −$1.09/SF
EGI
$20.9K $18.71/SF
− OpEx
−$6.3K −$5.61/SF
NOI
$14.6K $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%
$292,080
Cap Rate 7%
$208,629
Cap Rate 9%
$162,267
Alternative Uses
Best Use
Multifamily LT 5
$208.6K
$182.6K – $243.4K
NOI $14,604 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$180.5K
$157.9K – $210.5K
NOI $12,632 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$286.7K
$250.9K – $334.5K
NOI $20,070 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
278
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 - Separate residential units include three-bedroom and two-bedroom layouts with updates completed in 2019.
Where is this duplex located?
The property is located at 5301 Higgins Street Houston, TX.
What is the asking price?
The asking price for this property is $212,000.
What are key features of this property?
This property features: Two‑unit duplex at 5301 Higgins Street, Houston, TX 77033; Front residence offers 3 bedrooms and 2 bathrooms; Rear residence includes 2 bedrooms and 1 bathroom
