Renovated-Unit
New
For Sale
$360,000
5514 Barremore Street, Houston, TX 77023
The two-unit property includes one updated residence and paved parking divided between the units.
Property Size1,476 SF
Price / SF$243.90
Days on Market3
Property Features for 5514 Barremore Street
General Information
Standard status
Active
Size
1,476 SF
Property subtype
Multi Family Home
Lease Term
6 Month
Site & Location
Neighborhood
Lawndale / Wayside
Highway Access
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,597
Amenities
front porch
paved parking
fenced lot
Building Details
Building Size
1,476 SF
Year Built
1910
Stories
1
Units
2
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
Roxan Gonzalez
Source:
Dorsettdyeassociates
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 23 at 3:37PM
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 LPT Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 1910, this duplex contains two separate residences, with one unit renovated. Its updated interior includes LVP flooring, an island kitchen with marble counters, and a custom bathroom with dual sinks and an oversized shower. A laundry room is fitted for a washer and dryer.
Property improvements include replacement windows, new siding, interior and under-house plumbing updates, and new electrical work. The fenced parcel has a front porch and paved parking allocated between the units. Henderson Elementary School is across the street, and freeways, shopping, restaurants, and the University of Houston Main Campus are described as accessible nearby.
Property improvements include replacement windows, new siding, interior and under-house plumbing updates, and new electrical work. The fenced parcel has a front porch and paved parking allocated between the units. Henderson Elementary School is across the street, and freeways, shopping, restaurants, and the University of Houston Main Campus are described as accessible nearby.
Key Highlights
- Two separate residential units, with one renovated
- Built in 1910
- Renovated unit features LVP flooring, an island kitchen, and marble countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,332
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,640
$386.6K
Cap Rate 7%
$276,171
$276.2K
Cap Rate 9%
$214,800
$214.8K
Market Conditions
NOI Build-Up for 1,476 SF
Gross rent
$29.2K $19.80/SF
− Vacancy
−$1.6K −$1.09/SF
EGI
$27.6K $18.71/SF
− OpEx
−$8.3K −$5.61/SF
NOI
$19.3K $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%
$386,640
Cap Rate 7%
$276,171
Cap Rate 9%
$214,800
Alternative Uses
Best Use
Multifamily LT 5
$276.2K
$241.7K – $322.2K
NOI $19,332 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$238.9K
$209.0K – $278.7K
NOI $16,722 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$379.5K
$332.1K – $442.8K
NOI $26,568 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
854
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit property includes one updated residence and paved parking divided between the units.
Where is this duplex located?
The property is located at 5514 Barremore Street Houston, TX.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Two separate residential units, with one renovated; Built in 1910; Renovated unit features LVP flooring, an island kitchen, and marble countertops
