Triplex Development with Gated
100 Northpoint Dr Building 9, Houston, TX 77060
For Sale
New
$870,000
Each residence offers a two-story, three-bedroom layout with included appliances and a fenced private yard.
Property Size4,140 SF
Price / SF$210.14
Days on Market4
Property Features for 100 Northpoint Dr Building 9
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Road Access
Units
Unit Mix
Multifamily Units
Parking per Unit
Amenities
gated community
dog park
kids park
true
2
3
Owner
4140
Building Details
Building Size
Buildings
Stories
Listing Agency:
Ernesto Grey
(346) 248-7988
Listed By:
Alejandro Perez
Source:
Nuwayrealtygroup
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 9 at 7:37AM
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.
The planned community comprises 11 buildings, each configured as a triplex. Every apartment is arranged across two stories with three bedrooms, 2.5 bathrooms, an open living area, and a U-shaped kitchen finished with granite countertops. Appliances are included, and each residence has a rear porch and a private fenced yard.
The community is gated and includes a dog park and a children’s park. Each apartment has three parking spaces: one attached space, one driveway space, and one overflow space. The development is at the intersection of Sam Houston and I-45. The first building is expected to be completed by the end of 2026.
The community is gated and includes a dog park and a children’s park. Each apartment has three parking spaces: one attached space, one driveway space, and one overflow space. The development is at the intersection of Sam Houston and I-45. The first building is expected to be completed by the end of 2026.
Key Highlights
- 11 buildings planned, with three apartments in each building
- Two‑story apartments include 3 bedrooms and 2.5 bathrooms
- Granite countertops and appliances 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.
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
$144,900
Median Home Value
Market
Average Price Trend$/SF for Triplexes in Houston, TX
Properties on Market for Triplexes in Houston
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence offers a two-story, three-bedroom layout with included appliances and a fenced private yard.
Where is this triplex located?
The property is located at 100 Northpoint Dr Building 9 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: 11 buildings planned, with three apartments in each building; Two‑story apartments include 3 bedrooms and 2.5 bathrooms; Granite countertops and appliances included in each apartment
