Duplex with Smart
For Sale
$517,400
Pending
5642 Hirondel Street, Houston, TX 77033
Two-unit residential property with electric appliances, ceiling fans, and paved exterior surfaces.
Property Size3,140 SF
Days on Market64
Property Features for 5642 Hirondel Street
General Information
Standard status
Pending
Size
3,140 SF
Property subtype
Multi-Family
Taxes and HOA fees
Annual Taxes
$2,595
Amenities
Carpet,Laminate,Plank,Vinyl
Yes
3
sharon@remaxuniversaltx.com
Washer Hookup,Dryer Hookup
Appraiser
Ceiling Fan(s),Programmable Thermostat
Other,Subdivision
8120
More than Two
Paved
3140
Building Details
Building Size
3,140 SF
Year Built
2025
Stories
2
Listing Agency:
Keller Williams Brazos West
(281) 444-5140
Listed By:
Karen Jordan
(281) 658-4664
Source:
Garygreene
Added: Jul 20
Changed: Sep 20
Last Checked: Sep 21 at 4:17AM
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 Keller Williams Brazos West
Investment Insights
Based on property information with market context.
This duplex at 5642 Hirondel Street offers 3,140 square feet of residential space and was built in 2025. Interior features include attic and ceiling fans, electric systems, a disposal, microwave, dishwasher, and smart thermostat. The property also includes paved exterior surfaces.
Located in Houston, Texas, within Harris County, the property is reached from S Loop E via Martin Luther King Boulevard and Hirondel Street. Its duplex configuration provides a two-unit residential format for an income property owner or residential investor.
Located in Houston, Texas, within Harris County, the property is reached from S Loop E via Martin Luther King Boulevard and Hirondel Street. Its duplex configuration provides a two-unit residential format for an income property owner or residential investor.
Key Highlights
- Duplex property with 3,140 square feet
- Built in 2025
- Interior includes disposal, microwave, and dishwasher
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
$41,127
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
7.95%
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%
$822,540
$822.5K
Cap Rate 7%
$587,529
$587.5K
Cap Rate 9%
$456,967
$457.0K
Market Conditions
NOI Build-Up for 3,140 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
$62.2K $19.80/SF
− Vacancy
−$3.4K −$1.09/SF
EGI
$58.8K $18.71/SF
− OpEx
−$17.6K −$5.61/SF
NOI
$41.1K $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 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%
$822,540
Cap Rate 7%
$587,529
Cap Rate 9%
$456,967
Alternative Uses
Best Use
Multifamily LT 5
$587.5K
$514.1K – $685.5K
NOI $41,127 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$508.2K
$444.7K – $592.9K
NOI $35,574 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$807.4K
$706.5K – $942.0K
NOI $56,520 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
313
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with electric appliances, ceiling fans, and paved exterior surfaces.
Where is this duplex located?
The property is located at 5642 Hirondel Street Houston, TX.
What is the asking price?
The asking price for this property is $517,400.
What are key features of this property?
This property features: Duplex property with 3,140 square feet; Built in 2025; Interior includes disposal, microwave, and dishwasher
