Modern Two-Unit
5421 Southlea Street, Houston, TX 77033
For Sale
$515,000
Each residence has four bedrooms, two full bathrooms, and a half bath.
Property Size3,014 SF
Days on Market265
Property Features for 5421 Southlea Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Watkins Realty LLC
Listed By:
Adeleke Ademuyewo
(214) 883-5271
Source:
Livingvoguerealestate
Added: Feb 19
Changed: Nov 6
Last Checked: Nov 10 at 5:35PM
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 Watkins Realty LLC
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Investment Insights
Based on property information with market context.
Completed in 2023, this duplex is arranged as two residences, each with four bedrooms, two full bathrooms, and a half bath. Both sides feature open-plan living areas, contemporary finishes, modern kitchens, and low-maintenance materials.
The property is located in Houston, Texas.
The property is located in Houston, Texas.
Key Highlights
- Built in 2023
- Two residences, each with 4 bedrooms and 2.5 bathrooms
- Open‑plan living areas in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,476
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,520
$789.5K
Cap Rate 7%
$563,943
$563.9K
Cap Rate 9%
$438,622
$438.6K
Market Conditions
NOI Build-Up for 3,014 SF
Gross rent
$59.7K $19.80/SF
− Vacancy
−$3.3K −$1.09/SF
EGI
$56.4K $18.71/SF
− OpEx
−$16.9K −$5.61/SF
NOI
$39.5K $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%
$789,520
Cap Rate 7%
$563,943
Cap Rate 9%
$438,622
Alternative Uses
Best Use
Multifamily LT 5
$563.9K
$493.5K – $657.9K
NOI $39,476 @ 7.0% cap · market cap 7.67%
Second Best
Apartment 5plus
$487.8K
$426.8K – $569.1K
NOI $34,146 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$775.0K
$678.2K – $904.2K
NOI $54,252 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
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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
$98,300
Median Home Value
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Market
Average Price Trend$/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 - Each residence has four bedrooms, two full bathrooms, and a half bath.
Where is this duplex located?
The property is located at 5421 Southlea Street Houston, TX.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Built in 2023; Two residences, each with 4 bedrooms and 2.5 bathrooms; Open‑plan living areas in both units
