Three-Level
For Sale
$459,900
5924 N Wayside Drive A-B, Houston, TX 77028
New-construction multifamily property with two residences, contemporary finishes, and abundant window placement across each level.
Property Size2,469 SF
Price / SF$186.27
Days on Market90
Property Features for 5924 N Wayside Drive A-B
General Information
Standard status
Active
Size
2,469 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$971
Amenities
Yes
2
3
Appraiser
4641
2469
Building Details
Building Size
2,469 SF
Year Built
2026
Buildings
1
Stories
3
Listing Agency:
CB&A, Realtors
(713) 461-6800
Listed By:
Lynette Lew · License #0543709
(713) 582-2202
Source:
Garygreene
Added: Jul 17
Changed: Oct 13
Last Checked: Oct 12 at 6:35PM
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 CB&A, Realtors
Investment Insights
Based on property information with market context.
This new-construction duplex contains two distinct residences arranged across three levels. The property measures 2,469 square feet and is described with three bedrooms and two-and-a-half bathrooms. Contemporary exterior finishes and extensive window placement define the design, bringing natural light throughout the residences. Construction is identified for 2026.
Located at 5924 N Wayside Drive A-B in Houston, the property is positioned in a growing area of the city. Its two-unit configuration supports multifamily ownership and provides separate residential spaces within one building.
Located at 5924 N Wayside Drive A-B in Houston, the property is positioned in a growing area of the city. Its two-unit configuration supports multifamily ownership and provides separate residential spaces within one building.
Key Highlights
- Two‑unit duplex at 5924 N Wayside Drive A‑B, Houston, TX 77028
- 2,469‑square‑foot property
- Each unit spans three levels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,338
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$646,760
$646.8K
Cap Rate 7%
$461,971
$462.0K
Cap Rate 9%
$359,311
$359.3K
Market Conditions
NOI Build-Up for 2,469 SF
Gross rent
$48.9K $19.80/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$46.2K $18.71/SF
− OpEx
−$13.9K −$5.61/SF
NOI
$32.3K $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%
$646,760
Cap Rate 7%
$461,971
Cap Rate 9%
$359,311
Alternative Uses
Best Use
Multifamily LT 5
$462.0K
$404.2K – $539.0K
NOI $32,338 @ 7.0% cap · market cap 7.03%
Second Best
Apartment 5plus
$399.6K
$349.7K – $466.2K
NOI $27,972 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$634.9K
$555.5K – $740.7K
NOI $44,442 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
183
Businesses Nearby
Explore this area
Business Placement
Demographics for 77028, TX
18,701
Population
7,102
Households
2.6
Avg Household Size
35
Median Age
8%
College-Educated
69%
High-School Grad
9.1 sq mi
ZIP Area
2,055
Density / Sq Mi
$36,244
Median Household Income
$28,099
Median Earnings
$1,115
Median Rent
$108,200
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
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Frequently Asked Questions
What type of property is this?
Duplex - New-construction multifamily property with two residences, contemporary finishes, and abundant window placement across each level.
Where is this duplex located?
The property is located at 5924 N Wayside Drive A-B Houston, TX.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: Two‑unit duplex at 5924 N Wayside Drive A‑B, Houston, TX 77028; 2,469‑square‑foot property; Each unit spans three levels
