Three Unit Multifamily
For Sale
$310,000
1905 9th Street, Galena Park, TX 77547
Three freestanding units, currently leased, generating cash flow.
Property Size3,100 SF
Days on Market436
Property Features for 1905 9th Street
General Information
Standard status
Active
Size
3,100 SF
Property subtype
Multi Family,Multiple Detached Dwellings
Taxes and HOA fees
Annual Taxes
$8,549
Building Details
Building Size
3,100 SF
Year Built
1958
Listing Agency:
eXp Realty LLC
Listed By:
Jimmy Franklin
(281) 949-6362
Source:
Greenwoodking
Added: Aug 7, 2025
Changed: Oct 13
Last Checked: Oct 15 at 7:30AM
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 eXp Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property features three freestanding units, offering an investment opportunity with existing leases in place. The property generates a cash flow of $3000 per month. Two of the units include 3 bedrooms and 2 full baths each. The remaining unit has 2 bedrooms and 2 full baths. The location provides convenient access to both I-10 and 610.
Key Highlights
- Cash flowing $3000 per month.
- Three freestanding units.
- Two units feature 3 bedrooms, 2 full baths.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,689
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,780
$473.8K
Cap Rate 7%
$338,414
$338.4K
Cap Rate 9%
$263,211
$263.2K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$37.2K $12.00/SF
− Vacancy
−$3.4K −$1.08/SF
EGI
$33.8K $10.92/SF
− OpEx
−$10.2K −$3.27/SF
NOI
$23.7K $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%
$473,780
Cap Rate 7%
$338,414
Cap Rate 9%
$263,211
Alternative Uses
Best Use
Multifamily LT 5
$338.4K
$296.1K – $394.8K
NOI $23,689 @ 7.0% cap · market cap 7.64%
Second Best
Apartment 5plus
$293.6K
$256.9K – $342.6K
NOI $20,553 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$846.5K
$740.7K – $987.5K
NOI $59,252 @ 7.0% cap · market cap 19.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
Explore this area
Business Placement
Demographics for 77547, TX
9,627
Population
2,928
Households
3.3
Avg Household Size
31
Median Age
9%
College-Educated
68%
High-School Grad
3.9 sq mi
ZIP Area
2,468
Density / Sq Mi
$53,854
Median Household Income
$30,171
Median Earnings
$1,099
Median Rent
$109,100
Median Home Value
Check the figures for this property
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 freestanding units, currently leased, generating cash flow.
Where is this triplex located?
The property is located at 1905 9th Street Galena Park, TX.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Cash flowing $3000 per month.; Three freestanding units.; Two units feature 3 bedrooms, 2 full baths.
