New Duplex with Automated
For Sale
$529,000
5955 Southseas St A/B, Houston, TX 77033
Two three-bedroom residences feature two-and-a-half baths, contemporary finishes, and controlled entry.
Property Size3,828 SF
Days on Market119
Property Features for 5955 Southseas St A/B
General Information
Standard status
Active
Size
3,828 SF
Property subtype
Investment
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Amenities
automated gate
Ring camera
Building Details
Building Size
3,828 SF
Year Built
2026
Stories
2
Units
2
Listed By:
Norisha Johnson
(346) 304-1590
Source:
Elliman
Added: May 8
Changed: Aug 30
Last Checked: Aug 31 at 6:18PM
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 Norisha Johnson
Investment Insights
Based on property information with market context.
Built in 2026, this duplex contains two residences totaling 3,828 square feet. Each unit provides three bedrooms and two-and-a-half baths, with contemporary finishes and layouts planned for everyday functionality. An automated gate and Ring camera system are included with the property. The zoning designation is Multi-Family (Duplex).
The property is located near NRG Stadium, Downtown Houston, the University of Houston, and Texas Southern University. Its two-unit configuration offers separate residential spaces within a single multifamily asset, suitable for an owner-occupant or an investor evaluating rental use.
The property is located near NRG Stadium, Downtown Houston, the University of Houston, and Texas Southern University. Its two-unit configuration offers separate residential spaces within a single multifamily asset, suitable for an owner-occupant or an investor evaluating rental use.
Key Highlights
- Two‑unit duplex totaling 3,828 square feet
- Each unit includes 3 bedrooms and 2.5 baths
- Built in 2026
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
$43,368
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
8.20%
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%
$867,360
$867.4K
Cap Rate 7%
$619,543
$619.5K
Cap Rate 9%
$481,867
$481.9K
Market Conditions
NOI Build-Up for 3,828 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
$84.1K $21.96/SF
− Vacancy
−$5.2K −$1.36/SF
EGI
$78.9K $20.60/SF
− OpEx
−$35.5K −$9.27/SF
NOI
$43.4K $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%
$867,360
Cap Rate 7%
$619,543
Cap Rate 9%
$481,867
Alternative Uses
Best Use
Multifamily LT 5
$716.3K
$626.7K – $835.6K
NOI $50,138 @ 7.0% cap · market cap 9.48%
Second Best
Apartment 5plus
$619.5K
$542.1K – $722.8K
NOI $43,368 @ 7.0% cap · market cap 8.20%
Theoretical Best
Office A
$984.3K
$861.3K – $1.15M
NOI $68,904 @ 7.0% cap · market cap 13.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
380
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences feature two-and-a-half baths, contemporary finishes, and controlled entry.
Where is this duplex located?
The property is located at 5955 Southseas St A/B Houston, TX.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 3,828 square feet; Each unit includes 3 bedrooms and 2.5 baths; Built in 2026
