Triplex Income
15 Stiles St Houston, TX 77011
For Sale
$599,997
Three-unit triplex in Houston with 7 bedrooms and 5 bathrooms, currently used for annual leasing and long-term rental.
Property Size2,936 SF
Price / SF$204.36
Days on Market91
Property Features for 15 Stiles St
General Information
- Standard status
- Active
- Size
- 2,936 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1938
Listing Agency:
(281) 505-8793
Listed By:
Edlin Santana
(281) 505-8793
Source:
Elliman
Added: Apr 24
Changed: Jul 20
Last Checked: Jul 23 at 4:45AM
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 Edlin Santana
Investment Insights
Based on property information with market context.
This three-unit triplex at 15 Stiles St, Houston, TX 77011 totals 2,936 square feet and offers 7 bedrooms and 5 bathrooms. The flexible configuration supports privacy between the separate spaces, with current operations including an annual lease in the main house and long-term Airbnb usage in the back two units.
The property is described as having easy access to major highways, along with nearby dining and entertainment. Transit access is supported by a transitScore of 60, with walkScore of 65 and bikeScore of 66, indicating somewhat walkable and bikeable conditions.
As presented, the layout and existing setup make the asset suitable for investors or owners seeking rental income through multiple dwellings within one property.
The property is described as having easy access to major highways, along with nearby dining and entertainment. Transit access is supported by a transitScore of 60, with walkScore of 65 and bikeScore of 66, indicating somewhat walkable and bikeable conditions.
As presented, the layout and existing setup make the asset suitable for investors or owners seeking rental income through multiple dwellings within one property.
Key Highlights
- 1938‑built 3‑unit triplex in Houston with 2,936 SF total living area
- 7 bedrooms and 5 bathrooms across the main house and two back units
- Current income use: annual lease in the main house and long‑term Airbnb in the back two units
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 | $58.1k | $19.80 |
| − Vacancy | −$3.2k | −$1.09 |
| EGI | $54.9k | $18.71 |
| − OpEx | −$16.5k | −$5.61 |
| NOI | $38.5k | $13.10 |
2,936 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$549.4K
$480.7K – $640.9K
NOI $38,455 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$475.2K
$415.8K – $554.4K
NOI $33,262 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$755.0K
$660.6K – $880.8K
NOI $52,848 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three-unit triplex in Houston with 7 bedrooms and 5 bathrooms, currently used for annual leasing and long-term rental.
Where is this triplex located?
The property is located at 15 Stiles St Houston, TX.
What is the asking price?
The asking price for this property is $599,997.
What are key features of this property?
This property features: 1938‑built 3‑unit triplex in Houston with 2,936 SF total living area; 7 bedrooms and 5 bathrooms across the main house and two back units; Current income use: annual lease in the main house and long‑term Airbnb in the back two units
