Furnished Duplex Short-Term
For Sale
$499,900
Ab-5125 Chennault Rd, Houston, TX 77033
Two-unit property with open living areas, updated kitchens, and an existing short-term rental operation.
Property Size2,440 SF
Price / SF$204.88
Days on Market63
Property Features for Ab-5125 Chennault Rd
General Information
Standard status
Active
Size
2,440 SF
Property subtype
Residential Income
Additional Details
Furnished
Yes
Highway Access
Yes
Multifamily Units
2
Building Details
Buildings
1
Listing Agency:
Nextgen Real Estate Properties
(346) 888-2525
Listed By:
Norisha Johnson
(346) 304-1590
Source:
Exprealty
Added: Aug 18
Changed: Oct 11
Last Checked: Oct 16 at 1:24PM
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 Nextgen Real Estate Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex includes 3 bedrooms and 2 bathrooms across two residential units, with open-concept living areas, contemporary kitchens, laminate flooring, and distinctive lighting. The property is currently furnished and operating as short-term rentals, while the furniture may be purchased separately.
The seller is willing to discuss continuation of the current short-term rental arrangement. The property is situated near the Texas Medical Center, with access to major freeways, Downtown Houston, and other surrounding destinations.
The seller is willing to discuss continuation of the current short-term rental arrangement. The property is situated near the Texas Medical Center, with access to major freeways, Downtown Houston, and other surrounding destinations.
Key Highlights
- Duplex with 3 bedrooms and 2 bathrooms
- Currently furnished and operating as short‑term rentals
- Open‑concept living areas with laminate flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,958
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$639,160
$639.2K
Cap Rate 7%
$456,543
$456.5K
Cap Rate 9%
$355,089
$355.1K
Market Conditions
NOI Build-Up for 2,440 SF
Gross rent
$48.3K $19.80/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$45.7K $18.71/SF
− OpEx
−$13.7K −$5.61/SF
NOI
$32.0K $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%
$639,160
Cap Rate 7%
$456,543
Cap Rate 9%
$355,089
Alternative Uses
Best Use
Multifamily LT 5
$456.5K
$399.5K – $532.6K
NOI $31,958 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$394.9K
$345.5K – $460.7K
NOI $27,643 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$627.4K
$549.0K – $732.0K
NOI $43,920 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
527
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
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with open living areas, updated kitchens, and an existing short-term rental operation.
Where is this duplex located?
The property is located at Ab-5125 Chennault Rd Houston, TX.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Duplex with 3 bedrooms and 2 bathrooms; Currently furnished and operating as short‑term rentals; Open‑concept living areas with laminate flooring
