Newly Built Duplex with Fenced
For Sale
$449,900
5323 Groveton St, Houston, TX 77033
Two three-bedroom residences combine contemporary finishes, open living areas, private outdoor space, and ample parking.
Property Size2,200 SF
Days on Market50
Property Features for 5323 Groveton St
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Investment
Site & Location
Neighborhood
South Park
Building Details
Building Size
2,200 SF
Year Built
2026
Stories
1
Units
1
Listing Agency:
SERHANT.
Listed By:
Steven Kinne · License #0522012
(281) 610-3625
Source:
Elliman
Added: Sep 16
Changed: Oct 25
Last Checked: Nov 3 at 5:42AM
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 SERHANT.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2026, this duplex at 5323 Groveton St includes two matching residences, each with 3 bedrooms and 2 baths. Both units feature open-concept living, dining, and kitchen areas, elevated ceilings, large windows, vinyl plank flooring, ceiling fans, neutral paint, and walk-in closets. Kitchens are equipped with stainless steel appliances, granite countertops, and pantry storage.
The property also provides a fenced backyard and ample parking. Its Houston location offers access to major roadways, while neighborhood mobility scores include a 32 BikeScore, 44 WalkScore, and 34 TransitScore.
The property also provides a fenced backyard and ample parking. Its Houston location offers access to major roadways, while neighborhood mobility scores include a 32 BikeScore, 44 WalkScore, and 34 TransitScore.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 2 baths in each residence
- Built in 2026
- Open‑concept living, dining, and kitchen areas with elevated ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,815
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$576,300
$576.3K
Cap Rate 7%
$411,643
$411.6K
Cap Rate 9%
$320,167
$320.2K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$43.6K $19.80/SF
− Vacancy
−$2.4K −$1.09/SF
EGI
$41.2K $18.71/SF
− OpEx
−$12.3K −$5.61/SF
NOI
$28.8K $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%
$576,300
Cap Rate 7%
$411,643
Cap Rate 9%
$320,167
Alternative Uses
Best Use
Multifamily LT 5
$411.6K
$360.2K – $480.3K
NOI $28,815 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$356.1K
$311.6K – $415.4K
NOI $24,924 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$565.7K
$495.0K – $660.0K
NOI $39,600 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
337
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
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences combine contemporary finishes, open living areas, private outdoor space, and ample parking.
Where is this duplex located?
The property is located at 5323 Groveton St Houston, TX.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 2 baths in each residence; Built in 2026; Open‑concept living, dining, and kitchen areas with elevated ceilings
