Three-Unit Multifamily
For Sale
$998,000
1708 Winter St, Houston, TX 77007
Three leased residences offer a flexible multifamily configuration with covered parking and a secured lot.
Property Size3,800 SF
Price / SF$262.63
Days on Market54
Property Features for 1708 Winter St
General Information
Standard status
Active
Size
3,800 SF
Property subtype
Investment
Occupancy
100%
Site & Location
Neighborhood
Washington Avenue Coalition / Memorial Park
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 3BR, 1 x 2BR
Multifamily Units
3
Additional Details
Gross Income
$80,400
Taxes and HOA fees
Annual Taxes
$13,509
Amenities
covered parking
fenced lot
Building Details
Building Size
3,800 SF
Year Built
2013
Stories
3
Units
3
Tenancy
Multi
Listing Agency:
Carlos Garcia Realty, Inc.
Listed By:
Eric Garcia · License #0690804
(713) 928-5211
Source:
Elliman
Added: Sep 12
Changed: Nov 1
Last Checked: Nov 3 at 6:49AM
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 Carlos Garcia Realty, Inc.
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Investment Insights
Based on property information with market context.
This 2013-built triplex contains 3 residential units within a 3,800-square-foot layout. The configuration includes two 3-bedroom residences and one 2-bedroom residence, with all units currently occupied. The property is fully fenced and includes covered parking, while the absence of an HOA provides added ownership flexibility. One residence is leased month-to-month, and the existing arrangement supports continued multifamily use or an owner-occupant strategy. The property is also identified as suitable for conversion to a single-family residence.
Located at 1708 Winter St in Houston’s Washington corridor area, the property provides access to Washington Street, major highways, dining, entertainment, and business destinations. Walk Score is 68, Bike Score is 70, and Transit Score is 51.
Located at 1708 Winter St in Houston’s Washington corridor area, the property provides access to Washington Street, major highways, dining, entertainment, and business destinations. Walk Score is 68, Bike Score is 70, and Transit Score is 51.
Key Highlights
- 3,800‑square‑foot triplex built in 2013
- Unit mix includes two 3‑bedroom units and one 2‑bedroom unit
- All 3 units are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,771
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$995,420
$995.4K
Cap Rate 7%
$711,014
$711.0K
Cap Rate 9%
$553,011
$553.0K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$75.2K $19.80/SF
− Vacancy
−$4.1K −$1.09/SF
EGI
$71.1K $18.71/SF
− OpEx
−$21.3K −$5.61/SF
NOI
$49.8K $13.10/SF
Area
Houston, TX
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$995,420
Cap Rate 7%
$711,014
Cap Rate 9%
$553,011
Alternative Uses
Best Use
Multifamily LT 5
$711.0K
$622.1K – $829.5K
NOI $49,771 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$615.0K
$538.1K – $717.5K
NOI $43,051 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$977.1K
$855.0K – $1.14M
NOI $68,400 @ 7.0% cap · market cap 6.85%
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
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,004
Businesses Nearby
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Business Placement
Demographics for 77007, TX
42,908
Population
26,281
Households
1.6
Avg Household Size
34
Median Age
80%
College-Educated
99%
High-School Grad
7.5 sq mi
ZIP Area
5,721
Density / Sq Mi
$140,878
Median Household Income
$92,408
Median Earnings
$1,951
Median Rent
$501,300
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 leased residences offer a flexible multifamily configuration with covered parking and a secured lot.
Where is this triplex located?
The property is located at 1708 Winter St Houston, TX.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: 3,800‑square‑foot triplex built in 2013; Unit mix includes two 3‑bedroom units and one 2‑bedroom unit; All 3 units are currently rented
