Large Two-Unit
For Sale
$499,000
A-15503 Waldron Cir, Houston, TX 77084
Two vacant residences provide immediate occupancy options with attached garages and private backyards.
Property Size3,846 SF
Price / SF$129.75
Days on Market82
Property Features for A-15503 Waldron Cir
General Information
Standard status
Active
Size
3,846 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 4BR/3BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$9,212
Amenities
attached garage
private backyard
Building Details
Buildings
1
Listing Agency:
Spirit Real Estate Group, LLC
(214) 396-3888
Listed By:
Ryan Whitley
(281) 742-9725
Source:
Exprealty
Added: Aug 3
Changed: Oct 11
Last Checked: Oct 20 at 11:21PM
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 Spirit Real Estate Group, LLC
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Investment Insights
Based on property information with market context.
This 3,846-square-foot duplex contains two separate 4-bedroom, 3-bath residences, each measuring 1,923 square feet. Both units are vacant and feature open-plan interiors, an attached garage, and a private backyard. The layout provides the feel of individual single-family homes within a two-unit property.
The property is located in Cypress-Fairbanks ISD with access to Highway 6, US-290, and I-10. Shopping and dining are also identified nearby. Each side can be occupied separately, or both units can be leased, subject to the owner’s intended use and applicable verification.
The property is located in Cypress-Fairbanks ISD with access to Highway 6, US-290, and I-10. Shopping and dining are also identified nearby. Each side can be occupied separately, or both units can be leased, subject to the owner’s intended use and applicable verification.
Key Highlights
- 3,846 SF duplex with two 1,923 SF units
- Each unit includes 4 bedrooms and 3 baths
- Both units are vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,762
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$895,240
$895.2K
Cap Rate 7%
$639,457
$639.5K
Cap Rate 9%
$497,356
$497.4K
Market Conditions
NOI Build-Up for 3,846 SF
Gross rent
$86.8K $22.56/SF
− Vacancy
−$5.4K −$1.40/SF
EGI
$81.4K $21.16/SF
− OpEx
−$36.6K −$9.52/SF
NOI
$44.8K $11.64/SF
Area
ZIP 77084
Vacancy
6.20%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$895,240
Cap Rate 7%
$639,457
Cap Rate 9%
$497,356
Alternative Uses
Best Use
Multifamily LT 5
$712.0K
$623.0K – $830.7K
NOI $49,841 @ 7.0% cap · market cap 9.99%
Second Best
Apartment 5plus
$639.5K
$559.5K – $746.0K
NOI $44,762 @ 7.0% cap · market cap 8.97%
Theoretical Best
Office A
$989.0K
$865.4K – $1.15M
NOI $69,228 @ 7.0% cap · market cap 13.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
791
Businesses Nearby
Explore this area
Business Placement
Demographics for 77084, TX
109,808
Population
39,087
Households
2.8
Avg Household Size
34
Median Age
30%
College-Educated
84%
High-School Grad
31.7 sq mi
ZIP Area
3,464
Density / Sq Mi
$76,327
Median Household Income
$39,937
Median Earnings
$1,522
Median Rent
$232,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant residences provide immediate occupancy options with attached garages and private backyards.
Where is this duplex located?
The property is located at A-15503 Waldron Cir Houston, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 3,846 SF duplex with two 1,923 SF units; Each unit includes 4 bedrooms and 3 baths; Both units are vacant
