Tenant-Occupied Residential Income
For Sale
$150,000
5729 Schutz Street, Houston, TX 77032
Package of six tenant-occupied residential income properties totaling 52,920 sqft with no HOA fees.
Property Size1,200 SF
Price / SF$125
Days on Market291
Property Features for 5729 Schutz Street
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,698
Amenities
Tile
Kitchen,Living Room
1
Yes
2
3
Washer Hookup,Electric Dryer Hookup
Appraiser
Ceiling Fan(s),Kitchen/Dining Combo
Other,Subdivision
No
Public
8820
0.2025
Additional Parking,None
Asphalt
Paved Driveway,Private Yard
Slab
1200
Building Details
Building Size
1,200 SF
Year Built
1960
Stories
1
Listing Agency:
Pine Forest Group
(281) 486-1900
Listed By:
James Nelson
(832) 350-6667
Source:
Garygreene
Added: Nov 21, 2025
Changed: Sep 7
Last Checked: Sep 7 at 5:48AM
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 Pine Forest Group
Investment Insights
Based on property information with market context.
This offering presents a package of six residential income properties: 5721 Schutz St, 5725 Schutz St, 5729 Schutz St, 5733 Schutz (House) (tax #: 091410080201), 5733 Schutz (LOT) (tax #: 0791410080200), and 5741 Schutz St, for a total of 52,920 sqft. The properties are currently tenant-occupied. The package has no HOA fees.
Convenient access is highlighted via major highways including Hardy Toll Road, 59, Beltway 8, and HWY 45. The remarks note an approximately 8-minute drive to the airport, with downtown estimated at about 23 minutes and the medical center at roughly 30 minutes.
The listing is structured as a multi-property acquisition, providing one combined opportunity for ownership of the full set of six locations.
Convenient access is highlighted via major highways including Hardy Toll Road, 59, Beltway 8, and HWY 45. The remarks note an approximately 8-minute drive to the airport, with downtown estimated at about 23 minutes and the medical center at roughly 30 minutes.
The listing is structured as a multi-property acquisition, providing one combined opportunity for ownership of the full set of six locations.
Key Highlights
- Package of 6 tenant‑occupied residential income properties: 5721, 5725, 5729, 5733 Schutz (house + lot), and 5741 Schutz St
- Total area: 52,920 sqft offered as a package for $955,000
- No HOA fees associated with the package
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
$13,595
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
9.06%
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%
$271,900
$271.9K
Cap Rate 7%
$194,214
$194.2K
Cap Rate 9%
$151,056
$151.1K
Market Conditions
NOI Build-Up for 1,200 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
$26.4K $21.96/SF
− Vacancy
−$1.6K −$1.36/SF
EGI
$24.7K $20.60/SF
− OpEx
−$11.1K −$9.27/SF
NOI
$13.6K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
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%
$271,900
Cap Rate 7%
$194,214
Cap Rate 9%
$151,056
Alternative Uses
Best Use
Multifamily LT 5
$224.5K
$196.5K – $262.0K
NOI $15,717 @ 7.0% cap · market cap 10.48%
Second Best
Apartment 5plus
$194.2K
$169.9K – $226.6K
NOI $13,595 @ 7.0% cap · market cap 9.06%
Theoretical Best
Office A
$308.6K
$270.0K – $360.0K
NOI $21,600 @ 7.0% cap · market cap 14.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
Explore this area
Business Placement
Demographics for 77032, TX
13,497
Population
4,843
Households
2.8
Avg Household Size
29
Median Age
8%
College-Educated
64%
High-School Grad
23.1 sq mi
ZIP Area
584
Density / Sq Mi
$36,731
Median Household Income
$30,574
Median Earnings
$1,148
Median Rent
$122,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Package of six tenant-occupied residential income properties totaling 52,920 sqft with no HOA fees.
Where is this duplex located?
The property is located at 5729 Schutz Street Houston, TX.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Package of 6 tenant‑occupied residential income properties: 5721, 5725, 5729, 5733 Schutz (house + lot), and 5741 Schutz St; Total area: 52,920 sqft offered as a package for $955,000; No HOA fees associated with the package
