Historic Triplex With Month-to-Month
New
For Sale
$600,000
Pending
211 Emerson St, Houston, TX 77006
1922 historic triplex in the Westmoreland Historic District with one 2-bedroom unit and two 1-bedroom units, all occupied month-to-month.
Days on Market4
Property Features for 211 Emerson St
General Information
Standard status
Pending
Property subtype
Investment
Occupancy
100%
Lease Term
Month-to-month
Building Details
Building Size
2,252 SF
Year Built
1922
Buildings
1
Stories
2
Tenancy
Multi
Abandoned
No
Listing Agency:
(817) 680-9095
Listed By:
Heather Chukwuma
(817) 680-9095
Source:
Elliman
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 31 at 10:36AM
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 Heather Chukwuma
Investment Insights
Based on property information with market context.
This historic triplex was built in 1922 and features three distinct units: one 2-bedroom, 1-bath unit on the first floor and two separate 1-bedroom, 1-bath units on the second floor. All three units are currently occupied by month-to-month tenants, offering flexibility for the next owner to retain residents or arrange for vacancies.
Located at 211 Emerson St in the Westmoreland Historic District, the property is set up for buyers who want to preserve a piece of local architectural history while updating the home to better match their vision. Area mobility scores indicate it is Very Bikeable (bikeScore 74) and highly walkable (walkScore 93), with Good Transit (transitScore 67).
The unit configuration supports multiple private living spaces within a single building, with separate bed-and-bath layouts across the first and second floors.
Located at 211 Emerson St in the Westmoreland Historic District, the property is set up for buyers who want to preserve a piece of local architectural history while updating the home to better match their vision. Area mobility scores indicate it is Very Bikeable (bikeScore 74) and highly walkable (walkScore 93), with Good Transit (transitScore 67).
The unit configuration supports multiple private living spaces within a single building, with separate bed-and-bath layouts across the first and second floors.
Key Highlights
- Historic triplex built in 1922
- One 2‑bedroom, 1‑bath unit on the first floor
- Two separate 1‑bedroom, 1‑bath units on the second floor
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.6k | $19.80 |
| − Vacancy | −$2.5k | −$1.09 |
| EGI | $42.1k | $18.71 |
| − OpEx | −$12.6k | −$5.61 |
| NOI | $29.5k | $13.10 |
2,252 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$421.4K
$368.7K – $491.6K
NOI $29,496 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$364.5K
$318.9K – $425.2K
NOI $25,513 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$579.1K
$506.7K – $675.6K
NOI $40,536 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,830
Businesses Nearby
Explore this area
Business Placement
Demographics for 77006, TX
24,129
Population
16,654
Households
1.4
Avg Household Size
36
Median Age
80%
College-Educated
98%
High-School Grad
2.3 sq mi
ZIP Area
10,491
Density / Sq Mi
$102,003
Median Household Income
$73,275
Median Earnings
$1,761
Median Rent
$599,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - 1922 historic triplex in the Westmoreland Historic District with one 2-bedroom unit and two 1-bedroom units, all occupied month-to-month.
Where is this triplex located?
The property is located at 211 Emerson St Houston, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Historic triplex built in 1922; One 2‑bedroom, 1‑bath unit on the first floor; Two separate 1‑bedroom, 1‑bath units on the second floor
