Three-Level
For Sale
$459,900
A-b-5924 N Wayside Dr, Houston, TX 77011
New construction duplex with two vertically arranged residences and abundant natural light from large windows.
Property Size2,469 SF
Price / SF$186.27
Days on Market87
Property Features for A-b-5924 N Wayside Dr
General Information
Standard status
Active
Size
2,469 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Magnolia Park
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$971
Building Details
Buildings
1
Stories
3
Listing Agency:
Brooks & Davis Real Estate
(713) 665-8329
Listed By:
Andre Beraud · License #0667248
(832) 524-4526
Source:
Exprealty
Added: Aug 1
Changed: Oct 26
Last Checked: Oct 24 at 9:48PM
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 Brooks & Davis Real Estate
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 new-construction duplex contains two separate residences, with each unit extending across three levels. The vertical arrangement creates distinct living areas within each home, while large windows bring natural light throughout the interiors. Modern exterior finishes give the property a contemporary appearance, and the total property size is 2,469 square feet.
Located in Houston, the property is positioned on N Wayside Dr in a growing area of the city. Its two-unit configuration supports residential income use or shared occupancy, subject to applicable requirements.
Located in Houston, the property is positioned on N Wayside Dr in a growing area of the city. Its two-unit configuration supports residential income use or shared occupancy, subject to applicable requirements.
Key Highlights
- Two separate residential units
- Each unit spans three levels
- New construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,338
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$646,760
$646.8K
Cap Rate 7%
$461,971
$462.0K
Cap Rate 9%
$359,311
$359.3K
Market Conditions
NOI Build-Up for 2,469 SF
Gross rent
$48.9K $19.80/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$46.2K $18.71/SF
− OpEx
−$13.9K −$5.61/SF
NOI
$32.3K $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%
$646,760
Cap Rate 7%
$461,971
Cap Rate 9%
$359,311
Alternative Uses
Best Use
Multifamily LT 5
$462.0K
$404.2K – $539.0K
NOI $32,338 @ 7.0% cap · market cap 7.03%
Second Best
Apartment 5plus
$399.6K
$349.7K – $466.2K
NOI $27,972 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$634.9K
$555.5K – $740.7K
NOI $44,442 @ 7.0% cap · market cap 9.66%
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
1,100
Businesses Nearby
Explore this area
Business Placement
Demographics for 77011, TX
16,841
Population
7,366
Households
2.3
Avg Household Size
37
Median Age
10%
College-Educated
59%
High-School Grad
3.4 sq mi
ZIP Area
4,953
Density / Sq Mi
$49,163
Median Household Income
$36,517
Median Earnings
$1,063
Median Rent
$187,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - New construction duplex with two vertically arranged residences and abundant natural light from large windows.
Where is this duplex located?
The property is located at A-b-5924 N Wayside Dr Houston, TX.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: Two separate residential units; Each unit spans three levels; New construction
