3-Unit Rental
New
For Sale
$615,000
1916 A-B & 1914 Roosevelt, Houston, TX 77012
The package pairs an occupied detached house with a two-story duplex under construction.
Property Size3,598 SF
Days on Market5
Property Features for 1916 A-B & 1914 Roosevelt
General Information
Standard status
Active
Size
3,598 SF
Property subtype
Multi Family,Triplex
Additional Details
Multifamily Units
3
Building Details
Building Size
3,598 SF
Year Built
2026
Buildings
2
Listing Agency:
Vive Realty LLC
Listed By:
Larry Reyes
(832) 293-3113
Source:
Greenwoodking
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:24PM
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 Vive Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-unit property combines a detached single-family house with a two-story duplex being built on the same lot. The house is occupied by a long-term tenant. The new duplex is planned with quartz counters, soft-close cabinets, 10-foot ceilings, designer finishes, and tile extending to the ceiling around the tubs. Its estimated completion date is December 18.
Each unit has an individual entrance, while separate driveways and utilities serve the buildings. The house uses gas heat; the other systems are electric. Gutters and low-maintenance finishes are also included. One duplex unit may be occupied after completion, subject to the existing lease.
Each unit has an individual entrance, while separate driveways and utilities serve the buildings. The house uses gas heat; the other systems are electric. Gutters and low-maintenance finishes are also included. One duplex unit may be occupied after completion, subject to the existing lease.
Key Highlights
- Three units across a detached house and a two‑story duplex
- Duplex construction includes quartz counters, soft‑close cabinetry, and 10‑foot ceilings
- Separate entrances, driveways, and utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,126
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$942,520
$942.5K
Cap Rate 7%
$673,229
$673.2K
Cap Rate 9%
$523,622
$523.6K
Market Conditions
NOI Build-Up for 3,598 SF
Gross rent
$71.2K $19.80/SF
− Vacancy
−$3.9K −$1.09/SF
EGI
$67.3K $18.71/SF
− OpEx
−$20.2K −$5.61/SF
NOI
$47.1K $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%
$942,520
Cap Rate 7%
$673,229
Cap Rate 9%
$523,622
Alternative Uses
Best Use
Multifamily LT 5
$673.2K
$589.1K – $785.4K
NOI $47,126 @ 7.0% cap · market cap 7.66%
Second Best
Apartment 5plus
$582.3K
$509.5K – $679.4K
NOI $40,762 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$925.2K
$809.6K – $1.08M
NOI $64,764 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
Explore this area
Business Placement
Demographics for 77012, TX
18,397
Population
6,867
Households
2.7
Avg Household Size
33
Median Age
10%
College-Educated
59%
High-School Grad
3.9 sq mi
ZIP Area
4,717
Density / Sq Mi
$48,287
Median Household Income
$34,012
Median Earnings
$944
Median Rent
$127,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - The package pairs an occupied detached house with a two-story duplex under construction.
Where is this triplex located?
The property is located at 1916 A-B & 1914 Roosevelt Houston, TX.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Three units across a detached house and a two‑story duplex; Duplex construction includes quartz counters, soft‑close cabinetry, and 10‑foot ceilings; Separate entrances, driveways, and utilities
