Gated Duplex with Flex
For Sale
$540,000
5942 Southridge Street A and B, Houston, TX 77033
Two residential units offer open layouts, modern finishes, and flexible bonus space.
Property Size3,460 SF
Price / SF$168.75
Days on Market48
Property Features for 5942 Southridge Street A and B
General Information
Standard status
Active
Size
3,460 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
South Park
Units
Unit Mix
2 x 3BR/2.5BA + flex
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,410
Amenities
gated
Yes
1
2
Builder
6698
Appraiser
3460
Building Details
Building Size
3,460 SF
Year Built
1949
Stories
2
Listing Agency:
Cactus Real Estate, LLC
(281) 444-5140
Listed By:
Jeanette Cardenas
(832) 259-1994
Source:
Garygreene
Added: Sep 7
Changed: Oct 23
Last Checked: Oct 23 at 5:09AM
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 Cactus Real Estate, LLC
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Investment Insights
Based on property information with market context.
This gated duplex contains two residential units within 3,200 square feet. Each side includes 3 bedrooms, 2.5 bathrooms, an open-concept living arrangement, spacious bedrooms, and a flex room that can support varied household needs. Modern finishes are featured throughout both units.
Built in 1949, the property provides a two-unit configuration suited to an owner occupant or a rental strategy. Each residence has its own combination of bedroom space, full bathrooms, and adaptable interior area, allowing the building to function as a paired residential asset rather than a single-family layout.
Built in 1949, the property provides a two-unit configuration suited to an owner occupant or a rental strategy. Each residence has its own combination of bedroom space, full bathrooms, and adaptable interior area, allowing the building to function as a paired residential asset rather than a single-family layout.
Key Highlights
- Two‑unit duplex totaling 3,200 square feet
- Each unit includes 3 bedrooms and 2.5 bathrooms
- Flex room provided on both sides
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,913
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$838,260
$838.3K
Cap Rate 7%
$598,757
$598.8K
Cap Rate 9%
$465,700
$465.7K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$63.4K $19.80/SF
− Vacancy
−$3.5K −$1.09/SF
EGI
$59.9K $18.71/SF
− OpEx
−$18.0K −$5.61/SF
NOI
$41.9K $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%
$838,260
Cap Rate 7%
$598,757
Cap Rate 9%
$465,700
Alternative Uses
Best Use
Multifamily LT 5
$598.8K
$523.9K – $698.6K
NOI $41,913 @ 7.0% cap · market cap 7.76%
Second Best
Apartment 5plus
$517.9K
$453.2K – $604.2K
NOI $36,253 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$822.9K
$720.0K – $960.0K
NOI $57,600 @ 7.0% cap · market cap 10.67%
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
500
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer open layouts, modern finishes, and flexible bonus space.
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‑unit duplex totaling 3,200 square feet; Each unit includes 3 bedrooms and 2.5 bathrooms; Flex room provided on both sides
