New Construction Duplex in
For Sale
$560,000
5947 Southseas St, Houston, TX 77033
New construction duplex featuring modern amenities and spacious living areas.
Property Size3,564 SF
Lot Size0.17 Acres
Days on Market230
Property Features for 5947 Southseas St
General Information
Standard status
Active
Size
3,564 SF
Lot size
0.17 Acres
Property subtype
Investment
Lease Term
12 months
Site & Location
Neighborhood
South Park
Building Details
Building Size
3,564 SF
Year Built
2023
Stories
2
Units
1
Listing Agency:
Walzel Properties - Corporate Office
Listed By:
Sandra Cruz
(832) 707-5055
Source:
Elliman
Added: Mar 11
Changed: Oct 12
Last Checked: Oct 24 at 7:21PM
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 Walzel Properties - Corporate Office
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Investment Insights
Based on property information with market context.
This new construction duplex is located in Southseas. Each unit features 3 bedrooms and 2.5 bathrooms. The units offer a modern, open-concept floorplan with generous living spaces. The kitchens include new appliances, granite countertops, and solid wood cabinetry. Each unit also has a large, private backyard with a covered patio.
Key Highlights
- New construction duplex, built in 2023
- Two units, each featuring 3 bedrooms and 2.5 bathrooms
- New kitchens boast granite countertops and solid wood cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,680
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$933,600
$933.6K
Cap Rate 7%
$666,857
$666.9K
Cap Rate 9%
$518,667
$518.7K
Market Conditions
NOI Build-Up for 3,564 SF
Gross rent
$70.6K $19.80/SF
− Vacancy
−$3.9K −$1.09/SF
EGI
$66.7K $18.71/SF
− OpEx
−$20.0K −$5.61/SF
NOI
$46.7K $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%
$933,600
Cap Rate 7%
$666,857
Cap Rate 9%
$518,667
Alternative Uses
Best Use
Multifamily LT 5
$666.9K
$583.5K – $778.0K
NOI $46,680 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$576.8K
$504.7K – $673.0K
NOI $40,377 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$916.5K
$801.9K – $1.07M
NOI $64,152 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
380
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - New construction duplex featuring modern amenities and spacious living areas.
Where is this duplex located?
The property is located at 5947 Southseas St Houston, TX.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: New construction duplex, built in 2023; Two units, each featuring 3 bedrooms and 2.5 bathrooms; New kitchens boast granite countertops and solid wood cabinetry
