Turnkey Corner Lot
For Sale
$420,000
5403 Amy Street, Houston, TX 77028
Fully furnished duplex with two 3-bedroom, 2-bath units, open living areas, modern kitchens, and a partially fenced yard.
Property Size3,017 SF
Price / SF$139.21
Days on Market43
Property Features for 5403 Amy Street
General Information
Standard status
Active
Size
3,017 SF
Property subtype
Multi-Family
Additional Details
Business Included
Yes
Fenced Yard
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,612
Amenities
Laminate,Tile,Vinyl
Yes
4
Furnished
6
Low-Emissivity Windows
Appraiser
Furnished,Quartz Counters,Ceiling Fan(s),Programmable Thermostat
Partial
Corner Lot
Insulated Doors
5249
Two
Electric Gate,Paved
3017
Building Details
Building Size
3,017 SF
Year Built
2022
Stories
2
Tenancy
Multi
Listing Agency:
Epique Realty LLC
(409) 692-0385
Listed By:
Pamela Helzer
(409) 692-0385
Source:
Garygreene
Added: Jul 13
Changed: Aug 24
Last Checked: Aug 23 at 10:54AM
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 Epique Realty LLC
Investment Insights
Based on property information with market context.
This fully furnished duplex is set up for immediate occupancy and income, with two identical units offering 3 bedrooms and 2 full bathrooms each. Interiors feature open-concept living areas, modern kitchens with cabinetry, countertops, and appliances, and durable flooring throughout. Bathrooms include updated finishes and contemporary fixtures, with natural light and comfortable room sizes across each private living space.
Outside, the property sits on a corner lot and includes a large driveway and a partially fenced yard, providing practical outdoor space and added privacy. The building is described as solid concrete construction.
With efficient, long-term friendly layouts and a turnkey condition, the duplex is positioned as a straightforward residential income option for investors or owner-users seeking readily rentable units.
Outside, the property sits on a corner lot and includes a large driveway and a partially fenced yard, providing practical outdoor space and added privacy. The building is described as solid concrete construction.
With efficient, long-term friendly layouts and a turnkey condition, the duplex is positioned as a straightforward residential income option for investors or owner-users seeking readily rentable units.
Key Highlights
- 2022‑built fully furnished duplex with two 3‑bedroom, 2‑bath units
- Each unit features open‑concept living areas and modern kitchens with cabinetry, countertops, and appliances
- Durable flooring throughout and updated bathroom finishes with contemporary fixtures
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
$34,180
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
8.14%
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%
$683,600
$683.6K
Cap Rate 7%
$488,286
$488.3K
Cap Rate 9%
$379,778
$379.8K
Market Conditions
NOI Build-Up for 3,017 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
$66.3K $21.96/SF
− Vacancy
−$4.1K −$1.36/SF
EGI
$62.1K $20.60/SF
− OpEx
−$28.0K −$9.27/SF
NOI
$34.2K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
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%
$683,600
Cap Rate 7%
$488,286
Cap Rate 9%
$379,778
Alternative Uses
Best Use
Multifamily LT 5
$564.5K
$494.0K – $658.6K
NOI $39,516 @ 7.0% cap · market cap 9.41%
Second Best
Apartment 5plus
$488.3K
$427.3K – $569.7K
NOI $34,180 @ 7.0% cap · market cap 8.14%
Theoretical Best
Office A
$775.8K
$678.8K – $905.1K
NOI $54,306 @ 7.0% cap · market cap 12.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
Explore this area
Business Placement
Demographics for 77028, TX
18,701
Population
7,102
Households
2.6
Avg Household Size
35
Median Age
8%
College-Educated
69%
High-School Grad
9.1 sq mi
ZIP Area
2,055
Density / Sq Mi
$36,244
Median Household Income
$28,099
Median Earnings
$1,115
Median Rent
$108,200
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 - Fully furnished duplex with two 3-bedroom, 2-bath units, open living areas, modern kitchens, and a partially fenced yard.
Where is this duplex located?
The property is located at 5403 Amy Street Houston, TX.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 2022‑built fully furnished duplex with two 3‑bedroom, 2‑bath units; Each unit features open‑concept living areas and modern kitchens with cabinetry, countertops, and appliances; Durable flooring throughout and updated bathroom finishes with contemporary fixtures
