Duplex with Garage
5310 Claremont Street, Houston, TX 77023
For Sale
$339,999
Duplex property with a separate living space, covered outdoor areas, and secured vehicle access near downtown Houston.
Property Size1,898 SF
Price / SF$179.14
Days on Market131
Property Features for 5310 Claremont Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Amenities
Laminate
Yes
2
3
Appraiser
All Bedrooms Down
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
Year Built
Stories
Listing Agency:
Hunt Commercial & Housing LLC
(713) 360-1031
Listed By:
Adam Hunt · License TX #676787
(713) 300-8539
Source:
Garygreene
Added: Jul 7
Changed: Nov 12
Last Checked: Nov 12 at 5:41AM
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 Hunt Commercial & Housing LLC
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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 / Yr
$24,859
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
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
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 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 7.31%
Second Best
Apartment 5plus
$307.2K
$268.8K – $358.4K
NOI $21,503 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$488.1K
$427.1K – $569.4K
NOI $34,164 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
777
Businesses Nearby
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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
$279,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Houston, TX
Properties on Market for Duplexes in Houston
Vacancy Rate% for Multifamily in South region
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 $339,999.
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
