Duplex with Detached
For Sale
$339,900
5701 LUNA Street, Houston, TX 77076
Two separate living areas include a traditional home and a converted garage apartment with a carport.
Property Size1,496 SF
Price / SF$227.21
Days on Market117
Property Features for 5701 LUNA Street
General Information
Standard status
Active
Size
1,496 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Northside/Northline
Units
Unit Mix
1 x 3BR/2BA, 1 x 1-2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,258
Amenities
Tile
Yes
2
3
Appraiser
Granite Counters
Other
7126
1496
Building Details
Building Size
1,496 SF
Year Built
1955
Stories
1
Listing Agency:
eXp Realty, LLC
(281) 444-5140
Listed By:
Rebecca Nelson
(281) 799-0203
Source:
Garygreene
Added: Jul 2
Changed: Oct 25
Last Checked: Oct 24 at 2:33PM
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 eXp Realty, LLC
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Investment Insights
Based on property information with market context.
This duplex property at 5701 Luna Street includes a three-bedroom, two-bath main residence with a functional layout and generous living areas. The detached garage has been converted into a one- to two-bedroom apartment with one bathroom, creating a separate living space within the property. A carport provides covered parking, while the lot includes mature trees and room around the improvements. The property was built in 1955 and is located in Houston, Texas.
Key Highlights
- Three‑bedroom, two‑bath main residence
- Detached garage converted to a one- to two‑bedroom, one‑bath apartment
- Carport included for covered parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,594
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$391,880
$391.9K
Cap Rate 7%
$279,914
$279.9K
Cap Rate 9%
$217,711
$217.7K
Market Conditions
NOI Build-Up for 1,496 SF
Gross rent
$29.6K $19.80/SF
− Vacancy
−$1.6K −$1.09/SF
EGI
$28.0K $18.71/SF
− OpEx
−$8.4K −$5.61/SF
NOI
$19.6K $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%
$391,880
Cap Rate 7%
$279,914
Cap Rate 9%
$217,711
Alternative Uses
Best Use
Multifamily LT 5
$279.9K
$244.9K – $326.6K
NOI $19,594 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$242.1K
$211.9K – $282.5K
NOI $16,948 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$384.7K
$336.6K – $448.8K
NOI $26,928 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,002
Businesses Nearby
Explore this area
Business Placement
Demographics for 77076, TX
32,349
Population
10,650
Households
3
Avg Household Size
31
Median Age
6%
College-Educated
55%
High-School Grad
4.7 sq mi
ZIP Area
6,883
Density / Sq Mi
$39,895
Median Household Income
$26,809
Median Earnings
$1,151
Median Rent
$147,700
Median Home Value
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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 - Two separate living areas include a traditional home and a converted garage apartment with a carport.
Where is this duplex located?
The property is located at 5701 LUNA Street Houston, TX.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Three‑bedroom, two‑bath main residence; Detached garage converted to a one- to two‑bedroom, one‑bath apartment; Carport included for covered parking
