Updated
For Sale
$235,000
1330 15th Street, Galena Park, TX 77547
Three-unit residential property with refreshed interiors and a mix of lease terms.
Property Size1,603 SF
Price / SF$146.60
Days on Market19
Property Features for 1330 15th Street
General Information
Standard status
Active
Size
1,603 SF
Property subtype
Income
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,136
Amenities
Yes
1
5
Appraiser
Partial
5885
1603
Building Details
Building Size
1,603 SF
Year Built
1945
Stories
1
Listing Agency:
JLA Realty
(281) 646-1136
Listed By:
The Lin Team
(832) 410-2400
Source:
Garygreene
Added: Sep 28
Changed: Oct 15
Last Checked: Oct 16 at 5:44AM
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 JLA Realty
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Investment Insights
Based on property information with market context.
Built in 1945, this 1,603-square-foot triplex contains three units, including apartments positioned at the rear of the house. Interior work includes new flooring, renovated bathrooms, fresh paint inside and out, and replacement interior doors and trim.
The property is located at 1330 15th Street in Galena Park. One unit has a 12-month lease, while the other two are month-to-month.
The property is located at 1330 15th Street in Galena Park. One unit has a 12-month lease, while the other two are month-to-month.
Key Highlights
- Three residential units, including apartments at the rear of the house
- 1,603 square feet
- Built in 1945
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,249
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,980
$245.0K
Cap Rate 7%
$174,986
$175.0K
Cap Rate 9%
$136,100
$136.1K
Market Conditions
NOI Build-Up for 1,603 SF
Gross rent
$19.2K $12.00/SF
− Vacancy
−$1.7K −$1.08/SF
EGI
$17.5K $10.92/SF
− OpEx
−$5.2K −$3.27/SF
NOI
$12.2K $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%
$244,980
Cap Rate 7%
$174,986
Cap Rate 9%
$136,100
Alternative Uses
Best Use
Multifamily LT 5
$175.0K
$153.1K – $204.2K
NOI $12,249 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$151.8K
$132.9K – $177.1K
NOI $10,628 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$437.7K
$383.0K – $510.7K
NOI $30,639 @ 7.0% cap · market cap 13.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
152
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?
Triplex - Three-unit residential property with refreshed interiors and a mix of lease terms.
Where is this triplex located?
The property is located at 1330 15th Street Galena Park, TX.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Three residential units, including apartments at the rear of the house; 1,603 square feet; Built in 1945
