Renovated
1-3-502 Sammon Dr, Humble, TX 77338
For Sale
$495,000
Three separate apartments offer matching two-bedroom, one-bath layouts in downtown Humble.
Property Size2,704 SF
Price / SF$183.06
Days on Market600
Property Features for 1-3-502 Sammon Dr
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Listing Agency:
R. Alexa Group
(713) 705-0086
Listed By:
Demetria Guidry · License TX #0637374
(713) 826-5779
Source:
Exprealty
Added: Mar 21, 2025
Changed: Nov 3
Last Checked: Nov 10 at 11:15AM
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 R. Alexa Group
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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 2,704-square-foot triplex at 1-3-502 Sammon Dr in Humble contains three separate residential units, each configured with two bedrooms and one bathroom. Recent improvements include new flooring throughout the units, fresh interior paint, updated cabinetry, granite countertops, and bright white backsplash tile.
Located in downtown Humble, the property combines a three-unit configuration with consistent layouts across the building. The renovations provide refreshed finishes throughout the apartments while preserving a straightforward multifamily setup.
Located in downtown Humble, the property combines a three-unit configuration with consistent layouts across the building. The renovations provide refreshed finishes throughout the apartments while preserving a straightforward multifamily setup.
Key Highlights
- Three separate residential units within one triplex
- Each unit includes 2 bedrooms and 1 bathroom
- 2,704 SF property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,663
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,260
$413.3K
Cap Rate 7%
$295,186
$295.2K
Cap Rate 9%
$229,589
$229.6K
Market Conditions
NOI Build-Up for 2,704 SF
Gross rent
$32.4K $12.00/SF
− Vacancy
−$2.9K −$1.08/SF
EGI
$29.5K $10.92/SF
− OpEx
−$8.9K −$3.27/SF
NOI
$20.7K $7.64/SF
Area
Harris County, TX
Vacancy
9.03%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,260
Cap Rate 7%
$295,186
Cap Rate 9%
$229,589
Alternative Uses
Best Use
Multifamily LT 5
$295.2K
$258.3K – $344.4K
NOI $20,663 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$256.1K
$224.1K – $298.8K
NOI $17,928 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$738.3K
$646.0K – $861.4K
NOI $51,683 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,571
Businesses Nearby
Explore this area
Business Placement
Demographics for 77338, TX
45,031
Population
17,667
Households
2.5
Avg Household Size
33
Median Age
20%
College-Educated
87%
High-School Grad
26.0 sq mi
ZIP Area
1,732
Density / Sq Mi
$68,808
Median Household Income
$38,528
Median Earnings
$1,354
Median Rent
$222,900
Median Home Value
Market
Average Price Trend$/SF for Triplexes in Harris County, TX
Properties on Market for Triplexes in Harris County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate apartments offer matching two-bedroom, one-bath layouts in downtown Humble.
Where is this triplex located?
The property is located at 1-3-502 Sammon Dr Humble, TX.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Three separate residential units within one triplex; Each unit includes 2 bedrooms and 1 bathroom; 2,704 SF property size
