New Construction
For Sale
$469,900
5321 Rue St, Houston, TX 77033
Two three-bedroom units offer separate parking, utility meters, and fenced private yards.
Property Size2,432 SF
Days on Market8
Property Features for 5321 Rue St
General Information
Standard status
Active
Size
2,432 SF
Property subtype
Investment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,403
Building Details
Building Size
2,432 SF
Year Built
2026
Buildings
1
Stories
1
Listed By:
Mahir Rizvon
(713) 253-4457
Source:
Elliman
Added: Aug 26
Changed: Aug 29
Last Checked: Sep 1 at 8:26PM
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 Mahir Rizvon
Investment Insights
Based on property information with market context.
Constructed in 2026, this duplex contains two independent residences, each with three bedrooms and two bathrooms. Separate parking areas and utility meters support distinct household use. Both sides include private fenced yards, while wide-plank flooring extends throughout without carpet. Kitchens feature quartz waterfall islands with prep sinks, gas ranges with pot fillers, custom wood cabinetry, and walk-in pantries with floor-to-ceiling built-ins. Primary suites include quartz dual vanities and walk-in showers with frameless glass and built-in benches.
The property is located at 5321 Rue St in Houston, within Medical Center South. Texas Medical Center, University of Houston, NRG, and Downtown are accessible via 610 and 288. WalkScore is 47, TransitScore is 46, and BikeScore is 38.
The property is located at 5321 Rue St in Houston, within Medical Center South. Texas Medical Center, University of Houston, NRG, and Downtown are accessible via 610 and 288. WalkScore is 47, TransitScore is 46, and BikeScore is 38.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 2 baths per unit
- Separate parking areas and utility meters for each residence
- Constructed in 2026
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
$31,854
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
6.78%
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%
$637,080
$637.1K
Cap Rate 7%
$455,057
$455.1K
Cap Rate 9%
$353,933
$353.9K
Market Conditions
NOI Build-Up for 2,432 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
$48.2K $19.80/SF
− Vacancy
−$2.6K −$1.09/SF
EGI
$45.5K $18.71/SF
− OpEx
−$13.7K −$5.61/SF
NOI
$31.9K $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%
$637,080
Cap Rate 7%
$455,057
Cap Rate 9%
$353,933
Alternative Uses
Best Use
Multifamily LT 5
$455.1K
$398.2K – $530.9K
NOI $31,854 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$393.6K
$344.4K – $459.2K
NOI $27,553 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$625.4K
$547.2K – $729.6K
NOI $43,776 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
431
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
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 - Two three-bedroom units offer separate parking, utility meters, and fenced private yards.
Where is this duplex located?
The property is located at 5321 Rue St Houston, TX.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 2 baths per unit; Separate parking areas and utility meters for each residence; Constructed in 2026
