3-Unit Triplex in Gated
For Sale
$870,000
100 Northpoint Dr Building 4, Houston, TX 77060
Each residence offers a two-story plan, private fenced yard, and three parking spaces.
Property Size4,140 SF
Price / SF$210.14
Days on Market137
Property Features for 100 Northpoint Dr Building 4
General Information
Standard status
Active
Size
4,140 SF
Property subtype
Multi Family,Triplex
Site & Location
Neighborhood
Greater Greenspoint
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
3 x 3BR/2.5BA
Multifamily Units
3
Parking per Unit
3
Amenities
gated community
fenced dog park
kid's park
Building Details
Building Size
4,140 SF
Buildings
1
Listing Agency:
Ernesto Grey
Listed By:
Ernesto Grey · License #0591229
(832) 888-3321
Source:
Cartersignatureproperties
Added: Jun 15
Changed: Oct 26
Last Checked: Oct 26 at 1:47PM
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 Ernesto Grey
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 triplex is part of a planned development comprising 11 buildings, each with three apartments. The property measures 4,140 square feet. Each apartment has three bedrooms, 2.5 bathrooms, a two-story layout, and an open living area connected to a U-shaped kitchen with granite countertops. Appliances are included, and each residence has a private fenced backyard and three parking spaces: one attached, one in the driveway, and one overflow space.
The gated community is situated near the intersection of Sam Houston and I-45 north. Shared amenities include a fenced dog park and a children’s park. The first building is scheduled for completion by the end of 2026.
The gated community is situated near the intersection of Sam Houston and I-45 north. Shared amenities include a fenced dog park and a children’s park. The first building is scheduled for completion by the end of 2026.
Key Highlights
- Triplex development includes 11 buildings with 3 apartments per building
- Property size: 4,140 square feet
- Each apartment has 3 bedrooms, 2.5 bathrooms, and a two‑story layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,224
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,084,480
$1.1M
Cap Rate 7%
$774,629
$774.6K
Cap Rate 9%
$602,489
$602.5K
Market Conditions
NOI Build-Up for 4,140 SF
Gross rent
$82.0K $19.80/SF
− Vacancy
−$4.5K −$1.09/SF
EGI
$77.5K $18.71/SF
− OpEx
−$23.2K −$5.61/SF
NOI
$54.2K $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%
$1,084,480
Cap Rate 7%
$774,629
Cap Rate 9%
$602,489
Alternative Uses
Best Use
Multifamily LT 5
$774.6K
$677.8K – $903.7K
NOI $54,224 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$670.0K
$586.3K – $781.7K
NOI $46,903 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$1.06M
$931.5K – $1.24M
NOI $74,520 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,896
Businesses Nearby
Explore this area
Business Placement
Demographics for 77060, TX
42,707
Population
16,660
Households
2.6
Avg Household Size
29
Median Age
7%
College-Educated
55%
High-School Grad
8.1 sq mi
ZIP Area
5,272
Density / Sq Mi
$37,843
Median Household Income
$26,278
Median Earnings
$1,024
Median Rent
$144,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence offers a two-story plan, private fenced yard, and three parking spaces.
Where is this triplex located?
The property is located at 100 Northpoint Dr Building 4 Houston, TX.
What is the asking price?
The asking price for this property is $870,000.
What are key features of this property?
This property features: Triplex development includes 11 buildings with 3 apartments per building; Property size: 4,140 square feet; Each apartment has 3 bedrooms, 2.5 bathrooms, and a two‑story layout
