Duplex with Garage
For Sale
$360,000
5310 Claremont Street, Houston, TX 77023
Duplex property with a separate living space, covered outdoor areas, and secured vehicle access near downtown Houston.
Property Size1,898 SF
Price / SF$189.67
Days on Market37
Property Features for 5310 Claremont Street
General Information
Standard status
Active
Size
1,898 SF
Property subtype
Multi-Family
Taxes and HOA fees
Annual Taxes
$5,739
Amenities
Laminate
Yes
2
3
Appraiser
Corner Lot,Other
No
Other
5250
Attached Carport,Additional Parking,Electric Gate
Covered Patio,Patio
Block,Other,Pillar/Post/Pier
1898
Building Details
Building Size
1,898 SF
Year Built
1940
Stories
1
Listing Agency:
Greenwood King Properties - Kirby Office
(281) 610-4866
Listed By:
Karen Parker
(281) 610-4866
Source:
Garygreene
Added: Jul 7
Changed: Aug 11
Last Checked: Aug 12 at 3:42AM
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 Greenwood King Properties - Kirby Office
Investment Insights
Based on property information with market context.
This duplex property includes a detached garage apartment with its own self-contained living area. The additional space can support long-term tenancy, short-term rental use, or multigenerational occupancy, as described in the property information. The primary improvements total 1,898 square feet and date to 1940.
The property occupies a corner lot at 5310 Claremont Street in Houston’s 77023 ZIP code. On-site features include an attached carport, additional parking, an electric gate, and covered patio space. Its location is described as minutes from downtown and near EaDo, placing the property within reach of Houston areas noted for walkability and cultural amenities.
The property occupies a corner lot at 5310 Claremont Street in Houston’s 77023 ZIP code. On-site features include an attached carport, additional parking, an electric gate, and covered patio space. Its location is described as minutes from downtown and near EaDo, placing the property within reach of Houston areas noted for walkability and cultural amenities.
Key Highlights
- 1,898‑square‑foot duplex property
- Detached garage apartment with a self‑contained living area
- Corner lot at 5310 Claremont Street, Houston, TX 77023
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
$24,859
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
6.91%
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%
$497,180
$497.2K
Cap Rate 7%
$355,129
$355.1K
Cap Rate 9%
$276,211
$276.2K
Market Conditions
NOI Build-Up for 1,898 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
$37.6K $19.80/SF
− Vacancy
−$2.1K −$1.09/SF
EGI
$35.5K $18.71/SF
− OpEx
−$10.7K −$5.61/SF
NOI
$24.9K $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%
$497,180
Cap Rate 7%
$355,129
Cap Rate 9%
$276,211
Alternative Uses
Best Use
Multifamily LT 5
$355.1K
$310.7K – $414.3K
NOI $24,859 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$307.2K
$268.8K – $358.4K
NOI $21,503 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$488.1K
$427.1K – $569.4K
NOI $34,164 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
785
Businesses Nearby
Explore this area
Business Placement
Demographics for 77023, TX
26,780
Population
11,850
Households
2.3
Avg Household Size
36
Median Age
24%
College-Educated
75%
High-School Grad
5.5 sq mi
ZIP Area
4,869
Density / Sq Mi
$50,018
Median Household Income
$35,730
Median Earnings
$1,079
Median Rent
$279,300
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 - Duplex property with a separate living space, covered outdoor areas, and secured vehicle access near downtown Houston.
Where is this duplex located?
The property is located at 5310 Claremont Street Houston, TX.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 1,898‑square‑foot duplex property; Detached garage apartment with a self‑contained living area; Corner lot at 5310 Claremont Street, Houston, TX 77023
