Modern Six-Bedroom
For Sale
$599,900
5629 Malmedy Rd, Houston, TX 77033
New construction offers two residential units with flexible owner-occupant and rental use.
Property Size3,996 SF
Days on Market50
Property Features for 5629 Malmedy Rd
General Information
Standard status
Active
Size
3,996 SF
Property subtype
Investment
Site & Location
Neighborhood
South Park
Highway Access
Yes
Units
Unit Mix
2 x 3BR/3.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,753
Building Details
Building Size
3,996 SF
Year Built
2026
Buildings
1
Stories
2
Units
1
Listing Agency:
CJM Realty Advisors
Listed By:
Yesenia Guerra · License #0641108
(832) 786-9735
Source:
Elliman
Added: Sep 18
Changed: Oct 29
Last Checked: Nov 4 at 12:06PM
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 CJM Realty Advisors
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Investment Insights
Based on property information with market context.
Built in 2026, this duplex includes two residential units with contemporary layouts. Each side provides 3 bedrooms and 3.5 baths, for a combined total of 6 bedrooms and 7 baths. The configuration supports living in one unit while leasing the other, along with traditional long-term, furnished, or individual-room rental strategies.
The property is located near Houston’s Medical Center and Downtown, with access to major highways, universities, employment centers, dining, entertainment, and citywide transportation. Walk Score is 46, Transit Score is 41, and Bike Score is 39.
The property is located near Houston’s Medical Center and Downtown, with access to major highways, universities, employment centers, dining, entertainment, and citywide transportation. Walk Score is 46, Transit Score is 41, and Bike Score is 39.
Key Highlights
- Two‑unit duplex built in 2026
- Each unit includes 3 bedrooms and 3.5 baths
- Combined layout totals 6 bedrooms and 7 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,338
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,046,760
$1.0M
Cap Rate 7%
$747,686
$747.7K
Cap Rate 9%
$581,533
$581.5K
Market Conditions
NOI Build-Up for 3,996 SF
Gross rent
$79.1K $19.80/SF
− Vacancy
−$4.4K −$1.09/SF
EGI
$74.8K $18.71/SF
− OpEx
−$22.4K −$5.61/SF
NOI
$52.3K $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%
$1,046,760
Cap Rate 7%
$747,686
Cap Rate 9%
$581,533
Alternative Uses
Best Use
Multifamily LT 5
$747.7K
$654.2K – $872.3K
NOI $52,338 @ 7.0% cap · market cap 8.72%
Second Best
Apartment 5plus
$646.7K
$565.9K – $754.5K
NOI $45,271 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$1.03M
$899.1K – $1.20M
NOI $71,928 @ 7.0% cap · market cap 11.99%
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
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
445
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - New construction offers two residential units with flexible owner-occupant and rental use.
Where is this duplex located?
The property is located at 5629 Malmedy Rd Houston, TX.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Two‑unit duplex built in 2026; Each unit includes 3 bedrooms and 3.5 baths; Combined layout totals 6 bedrooms and 7 baths
