Gated
For Sale
$540,000
5942 Southridge Street A And B, Houston, TX 77033
Each residence pairs an open-concept layout with a dedicated flex room.
Property Size3,460 SF
Price / SF$156.07
Days on Market14
Property Features for 5942 Southridge Street A And B
General Information
Standard status
Active
Size
3,460 SF
Property subtype
Residential Income
Site & Location
Neighborhood
South Park
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,410
Amenities
gated
true
1
2
Builder
6698
Appraiser
3460
Building Details
Building Size
3,460 SF
Year Built
1949
Stories
2
Listing Agency:
Illustrious Realty, LLC
(409) 215-3910
Listed By:
Cathy Knecht
Source:
Hatmakergroup
Added: Oct 20
Changed: Oct 31
Last Checked: Oct 31 at 4:36AM
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 Illustrious Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This gated duplex contains two residences, each with 3 bedrooms, 2.5 bathrooms, and a flex room. Open-concept layouts connect the living areas, while the flex space provides an additional adaptable room. The property totals 3,460 square feet and was built in 1949.
Key Highlights
- Two residences, each with 3 bedrooms and 2.5 bathrooms
- Flex room in each residence
- 3,460 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,318
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$906,360
$906.4K
Cap Rate 7%
$647,400
$647.4K
Cap Rate 9%
$503,533
$503.5K
Market Conditions
NOI Build-Up for 3,460 SF
Gross rent
$68.5K $19.80/SF
− Vacancy
−$3.8K −$1.09/SF
EGI
$64.7K $18.71/SF
− OpEx
−$19.4K −$5.61/SF
NOI
$45.3K $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%
$906,360
Cap Rate 7%
$647,400
Cap Rate 9%
$503,533
Alternative Uses
Best Use
Multifamily LT 5
$647.4K
$566.5K – $755.3K
NOI $45,318 @ 7.0% cap · market cap 8.39%
Second Best
Apartment 5plus
$560.0K
$490.0K – $653.3K
NOI $39,199 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$889.7K
$778.5K – $1.04M
NOI $62,280 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
500
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence pairs an open-concept layout with a dedicated flex room.
Where is this duplex located?
The property is located at 5942 Southridge Street A And B Houston, TX.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2.5 bathrooms; Flex room in each residence; 3,460 square feet
