Apartment-Style Multifamily
For Sale
$780,500
1306 3rd Street 8, Galena Park, TX 77547
Well-maintained apartment-style unit with a bright living area, spacious bedrooms, and a kitchen equipped with a stove and refrigerator.
Property Size5,292 SF
Price / SF$147.49
Days on Market112
Property Features for 1306 3rd Street 8
General Information
Standard status
Active
Size
5,292 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Manchester
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$11,824
Amenities
Yes
1
Appraiser
Balcony
Cleared
10750
Two
5292
Building Details
Building Size
5,292 SF
Year Built
1960
Stories
2
Listing Agency:
Wanda Taylor Properties
(713) 961-1722
Listed By:
Matt Vargas
(832) 606-3679
Source:
Garygreene
Added: Jul 9
Changed: Oct 27
Last Checked: Oct 28 at 5:57AM
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 Wanda Taylor Properties
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Investment Insights
Based on property information with market context.
This well-maintained apartment-style residence offers a comfortable, functional layout with a bright living area and spacious bedrooms. The kitchen is well-appointed and includes a stove and refrigerator, supporting an easy move-in experience.
The property is located in Galena Park near schools, parks, shopping, dining, and major highways, providing convenient access to Downtown Houston and surrounding areas. Bike and walk ratings indicate the area is somewhat bikeable and car-dependent.
Overall, it presents as a practical, move-in-ready residential income option with an established in-unit configuration.
The property is located in Galena Park near schools, parks, shopping, dining, and major highways, providing convenient access to Downtown Houston and surrounding areas. Bike and walk ratings indicate the area is somewhat bikeable and car-dependent.
Overall, it presents as a practical, move-in-ready residential income option with an established in-unit configuration.
Key Highlights
- 1960‑built, well‑maintained apartment‑style residence with a bright living area
- Kitchen includes a stove and refrigerator
- Spacious bedrooms and functional, comfortable layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,086
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,720
$701.7K
Cap Rate 7%
$501,229
$501.2K
Cap Rate 9%
$389,844
$389.8K
Market Conditions
NOI Build-Up for 5,292 SF
Gross rent
$70.5K $13.32/SF
− Vacancy
−$6.7K −$1.27/SF
EGI
$63.8K $12.05/SF
− OpEx
−$28.7K −$5.42/SF
NOI
$35.1K $6.63/SF
Area
Harris County, TX
Vacancy
9.50%
Lease Rate
$13.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,720
Cap Rate 7%
$501,229
Cap Rate 9%
$389,844
Alternative Uses
Best Use
Apartment 5plus
$501.2K
$438.6K – $584.8K
NOI $35,086 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.69M
NOI $101,149 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
370
Businesses Nearby
Explore this area
Business Placement
Demographics for 77547, TX
9,627
Population
2,928
Households
3.3
Avg Household Size
31
Median Age
9%
College-Educated
68%
High-School Grad
3.9 sq mi
ZIP Area
2,468
Density / Sq Mi
$53,854
Median Household Income
$30,171
Median Earnings
$1,099
Median Rent
$109,100
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?
Multifamily property - Well-maintained apartment-style unit with a bright living area, spacious bedrooms, and a kitchen equipped with a stove and refrigerator.
Where is this multifamily property located?
The property is located at 1306 3rd Street 8 Galena Park, TX.
What is the asking price?
The asking price for this property is $780,500.
What are key features of this property?
This property features: 1960‑built, well‑maintained apartment‑style residence with a bright living area; Kitchen includes a stove and refrigerator; Spacious bedrooms and functional, comfortable layout
