Remodeled Home and Triplex
For Sale
Contact for pricing
17404 Reiss Trail, New Caney, TX 77357
Remodeled home and new triplex apartments available for sale.
Property Size2,800 SF
Price / SF$231.79
Days on Market391
Property Features for 17404 Reiss Trail
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Multifamily, Special Purpose
Investment Type
Owner/User
Building Details
Year Built
2025
Year Renovated
2025
Buildings
2
Stories
2
Units
4
Listing Agency:
Cypressbrook Company
Listed By:
Kimberly DeVos · License #TX 533677
(281) 364-1777
Source:
Crexi
Added: Sep 24, 2025
Changed: Oct 14
Last Checked: Oct 19 at 4:01AM
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 Cypressbrook Company
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Investment Insights
Based on property information with market context.
This property features a remodeled 1,200 square foot home with four bedrooms and two bathrooms. The home includes new cabinets, a remodeled kitchen and bathrooms, a large utility room, walk-in closets, and large front and rear porches. The kitchen is equipped with a new dishwasher, stove/oven, and vent hood. Additionally, the property includes a triplex with three new apartments that have never been lived in. There are two 400 square foot efficiency apartments downstairs and one 800 square foot apartment upstairs with a separate bedroom and closet. All apartment kitchens include a new refrigerator, stove/oven, and vent hood. Utilities include Entergy Electric and New Caney Water, and the property utilizes a septic system. The total property size is 2,800 square feet.
Key Highlights
- Remodeled 1,200 SF Home with 4 Bedrooms / 2 Bathrooms
- Triplex with 3 New, Never‑Lived‑In Apartments
- Includes (2) 400 SF Efficiency Apartments and (1) 800 SF Apartment with Separate Bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,228
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,560
$624.6K
Cap Rate 7%
$446,114
$446.1K
Cap Rate 9%
$346,978
$347.0K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$47.7K $17.04/SF
− Vacancy
−$3.1K −$1.11/SF
EGI
$44.6K $15.93/SF
− OpEx
−$13.4K −$4.78/SF
NOI
$31.2K $11.15/SF
Area
Montgomery County, TX
Vacancy
6.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,560
Cap Rate 7%
$446,114
Cap Rate 9%
$346,978
Alternative Uses
Best Use
Multifamily LT 5
$446.1K
$390.4K – $520.5K
NOI $31,228 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$420.3K
$367.8K – $490.3K
NOI $29,420 @ 7.0% cap · market cap 4.53%
Theoretical Best
Specialty Retail
$706.9K
$618.5K – $824.7K
NOI $49,481 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
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Business Placement
Demographics for 77357, TX
30,339
Population
12,638
Households
2.4
Avg Household Size
34
Median Age
15%
College-Educated
80%
High-School Grad
67.1 sq mi
ZIP Area
452
Density / Sq Mi
$73,773
Median Household Income
$40,211
Median Earnings
$1,366
Median Rent
$218,800
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 - Remodeled home and new triplex apartments available for sale.
Where is this triplex located?
The property is located at 17404 Reiss Trail New Caney, TX.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Remodeled 1,200 SF Home with 4 Bedrooms / 2 Bathrooms; Triplex with 3 New, Never‑Lived‑In Apartments; Includes (2) 400 SF Efficiency Apartments and (1) 800 SF Apartment with Separate Bedroom
