Renovated Income Triplex
For Sale
$274,975
17042 Laurelwood Drive, Channelview, TX 77530
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 Market300
Property Features for 17042 Laurelwood Drive
General Information
Standard status
Active
Size
1,650 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Neighborhood
Northshore
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$1,718
Amenities
Laminate
Yes
2
4
Owner
Cleared
13200
More than Two
Appraiser
1650
Building Details
Building Size
1,650 SF
Year Built
1973
Stories
2
Listing Agency:
AAA Realty
(832) 230-2323
Listed By:
Maria Vega · License #0625695
(281) 536-7397
Source:
Garygreene
Added: Jan 8
Changed: Nov 1
Last Checked: Nov 3 at 3:46AM
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 AAA Realty
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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
Estimated NOI and Cap Rate
NOI / Yr
$12,608
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$252,160
$252.2K
Cap Rate 7%
$180,114
$180.1K
Cap Rate 9%
$140,089
$140.1K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$19.8K $12.00/SF
− Vacancy
−$1.8K −$1.08/SF
EGI
$18.0K $10.92/SF
− OpEx
−$5.4K −$3.27/SF
NOI
$12.6K $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%
$252,160
Cap Rate 7%
$180,114
Cap Rate 9%
$140,089
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Explore this area
Business Placement
Demographics for 77530, TX
35,319
Population
10,579
Households
3.3
Avg Household Size
30
Median Age
14%
College-Educated
69%
High-School Grad
13.8 sq mi
ZIP Area
2,559
Density / Sq Mi
$64,151
Median Household Income
$36,279
Median Earnings
$1,131
Median Rent
$170,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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.
