Renovated Income Triplex
17042 Laurelwood Drive Channelview, TX 77530
For Sale
$274,975
Renovated 100% occupied triplex-style income property with a studio unit and duplex plus ample on-site parking.
Property Size1,650 SF
Price / SF$166.65
Days on Market203
Property Features for 17042 Laurelwood Drive
General Information
Standard status
Active
Size
1,650 SF
Property subtype
Multi-Family
Building Details
Year Built
1973
Listing Agency:
HomeSmart
(832) 474-5540
Listed By:
Danielle Fee Herman
(832) 474-5540
Source:
Garygreene
Added: Jan 8
Changed: Jul 25
Last Checked: Jul 29 at 4:09AM
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 HomeSmart
Investment Insights
Based on property information with market context.
This income-producing residential property is configured as a studio unit plus a duplex, providing a mixed rental setup. The property is recently renovated and described as well maintained. It is currently 100% occupied and generating immediate cash flow, and is offered as a turnkey investment.
The property sits on a large lot with ample parking, supporting practical tenant access and day-to-day convenience.
Overall, the combination of unit mix, renovation, and current occupancy makes this a straightforward option for an investor seeking an income-producing residential asset.
The property sits on a large lot with ample parking, supporting practical tenant access and day-to-day convenience.
Overall, the combination of unit mix, renovation, and current occupancy makes this a straightforward option for an investor seeking an income-producing residential asset.
Key Highlights
- Renovated, 100% occupied income property with immediate cash flow, featuring a studio unit and a duplex for rental mix.
- 4 bedrooms and 2 total baths; 1,650 total building area per owner records.
- Heating and air conditioning are included; laminate flooring.
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 | $19.8k | $12.00 |
| − Vacancy | −$1.8k | −$1.08 |
| EGI | $18.0k | $10.92 |
| − OpEx | −$5.4k | −$3.27 |
| NOI | $12.6k | $7.64 |
1,650 SF · lease $12.00/SF/yr · vacancy 9.03% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$180.1K
$157.6K – $210.1K
NOI $12,608 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$156.3K
$136.8K – $182.3K
NOI $10,940 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$450.5K
$394.2K – $525.6K
NOI $31,537 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Renovated 100% occupied triplex-style income property with a studio unit and duplex plus ample on-site parking.
Where is this triplex located?
The property is located at 17042 Laurelwood Drive Channelview, TX.
What is the asking price?
The asking price for this property is $274,975.
What are key features of this property?
This property features: Renovated, 100% occupied income property with immediate cash flow, featuring a studio unit and a duplex for rental mix.; 4 bedrooms and 2 total baths; 1,650 total building area per owner records.; Heating and air conditioning are included; laminate flooring.
