Three-Unit Residential Income
For Sale
$870,000
100 Northpoint Dr Building 5, Houston, TX 77060
Newly constructed 3-plex is under development with three two-story residences, each featuring 3 bedrooms and 2.5 bathrooms.
Property Size4,140 SF
Price / SF$210.14
Days on Market139
Property Features for 100 Northpoint Dr Building 5
General Information
Standard status
Active
Size
4,140 SF
Total Parking Spaces
9
Property subtype
Multi-Family
Site & Location
Neighborhood
Greater Greenspoint
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
3
Amenities
gated community
dog park
kids park
back porch
private fenced yard
Yes
2
3
Owner
4140
Building Details
Building Size
4,140 SF
Stories
2
Tenancy
Multi
Listing Agency:
REALM Real Estate Professionals - West Houston
(281) 444-5140
Listed By:
Nikki Huber
(310) 533-7784
Source:
Garygreene
Added: Jun 9
Changed: Oct 25
Last Checked: Oct 24 at 2:27PM
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 REALM Real Estate Professionals - West Houston
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Investment Insights
Based on property information with market context.
Vintage At Northpoint is a new development under construction consisting of 11 buildings with three apartments per building. This offering is Building 4, a three-unit residential income building (3-plex). Each apartment is planned as a two-story layout with three bedrooms and 2.5 bathrooms, including an open U-shaped kitchen and living area with granite countertops. All appliances are included, and each unit is designed to be ready for move-in upon completion. Outdoor space is planned with a back porch and a private fenced back yard.
The community is described as gated, with onsite amenities that include a fenced dog park and a kid’s park. Parking is planned for each apartment with three spaces: one attached, one driveway space, and one additional overflow space.
Construction timing noted for the development indicates the first building should be completed by the end of 2026.
The community is described as gated, with onsite amenities that include a fenced dog park and a kid’s park. Parking is planned for each apartment with three spaces: one attached, one driveway space, and one additional overflow space.
Construction timing noted for the development indicates the first building should be completed by the end of 2026.
Key Highlights
- Vintage At Northpoint under construction: 11 new buildings, each with 3 apartments (3plexes).
- Each apartment is a two‑story 3 bed/2.5 bath with an open “U” shape kitchen and living area.
- Granite countertops and all appliances are included in each apartment.
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.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Newly constructed 3-plex is under development with three two-story residences, each featuring 3 bedrooms and 2.5 bathrooms.
Where is this triplex located?
The property is located at 100 Northpoint Dr Building 5 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: Vintage At Northpoint under construction: 11 new buildings, each with 3 apartments (3plexes).; Each apartment is a two‑story 3 bed/2.5 bath with an open “U” shape kitchen and living area.; Granite countertops and all appliances are included in each apartment.
