Renovated Triplex in Downtown
For Sale
$495,000
502 Sammon Drive 1-3, Humble, TX 77338
Recently renovated triplex with three 2-bedroom units in Humble.
Property Size2,704 SF
Price / SF$183.06
Days on Market545
Property Features for 502 Sammon Drive 1-3
General Information
Standard status
Active
Size
2,704 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$5,139
Building Details
Year Built
1969
Listing Agency:
R. Alexa Group
(713) 705-0086
Listed By:
Demetria Guidry · License #0637374
(713) 826-5779
Source:
Exitrealty
Added: Apr 11, 2025
Changed: Oct 6
Last Checked: Oct 5 at 4:32PM
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
Investment Insights
Based on property information with market context.
This property features a triplex with three separate units, each containing 2 bedrooms and 1 bath. Located in downtown Humble, the units have been recently renovated. Renovations include new flooring throughout, fresh paint, new cabinets, and granite countertops with bright white backsplash.
Key Highlights
- Three separate units, ideal for rental income or multi‑family living.
- Located in downtown Humble, offering convenient access to amenities.
- Each unit features 2 bedrooms and 1 bath.
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.
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Recently renovated triplex with three 2-bedroom units in Humble.
Where is this triplex located?
The property is located at 502 Sammon Drive 1-3 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 units, ideal for rental income or multi‑family living.; Located in downtown Humble, offering convenient access to amenities.; Each unit features 2 bedrooms and 1 bath.
