Triplex with Garage
For Sale
$694,000
219 W 30th Street, Houston, TX 77018
Two main residences are complemented by a detached unit with a bedroom, full bath, and living area.
Property Size2,043 SF
Price / SF$339.70
Days on Market52
Property Features for 219 W 30th Street
General Information
Standard status
Active
Size
2,043 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Amenities
Tile,Wood
Yes
2
3
Low-Emissivity Windows
Owner
Quartz Counters,Programmable Thermostat
11417
Appraiser
2043
Building Details
Building Size
2,043 SF
Year Built
1940
Stories
1
Listing Agency:
David Ambrose, Broker
(713) 961-1722
Listed By:
Ashley Duzich
(361) 441-4916
Source:
Garygreene
Added: Jul 21
Changed: Sep 9
Last Checked: Sep 9 at 5:39AM
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 David Ambrose, Broker
Investment Insights
Based on property information with market context.
This triplex includes two two-bedroom, one-bath main homes and a detached garage apartment with its own bedroom, full bath, and living area. The property also features a gated entrance and a spacious entertaining deck. A tenant is in place till 1/31/28.
Located at 219 W 30th Street in Houston, the property offers access to Loop 610, Highway 290, I-10, and Downtown Houston. Built in 1940, the configuration provides three separate living areas within one property, including the detached garage apartment.
Located at 219 W 30th Street in Houston, the property offers access to Loop 610, Highway 290, I-10, and Downtown Houston. Built in 1940, the configuration provides three separate living areas within one property, including the detached garage apartment.
Key Highlights
- Two two‑bedroom, one‑bath main homes
- Detached garage apartment with bedroom, full bath, and living area
- Tenant in place till 1/31/28
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,759
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$535,180
$535.2K
Cap Rate 7%
$382,271
$382.3K
Cap Rate 9%
$297,322
$297.3K
Market Conditions
NOI Build-Up for 2,043 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$40.5K $19.80/SF
− Vacancy
−$2.2K −$1.09/SF
EGI
$38.2K $18.71/SF
− OpEx
−$11.5K −$5.61/SF
NOI
$26.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$535,180
Cap Rate 7%
$382,271
Cap Rate 9%
$297,322
Alternative Uses
Best Use
Multifamily LT 5
$382.3K
$334.5K – $446.0K
NOI $26,759 @ 7.0% cap · market cap 3.86%
Second Best
Apartment 5plus
$330.6K
$289.3K – $385.8K
NOI $23,145 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$525.3K
$459.7K – $612.9K
NOI $36,774 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,162
Businesses Nearby
Explore this area
Business Placement
Demographics for 77018, TX
27,870
Population
13,335
Households
2.1
Avg Household Size
38
Median Age
60%
College-Educated
92%
High-School Grad
6.8 sq mi
ZIP Area
4,099
Density / Sq Mi
$121,658
Median Household Income
$75,487
Median Earnings
$1,256
Median Rent
$543,800
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
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Frequently Asked Questions
What type of property is this?
Triplex - Two main residences are complemented by a detached unit with a bedroom, full bath, and living area.
Where is this triplex located?
The property is located at 219 W 30th Street Houston, TX.
What is the asking price?
The asking price for this property is $694,000.
What are key features of this property?
This property features: Two two‑bedroom, one‑bath main homes; Detached garage apartment with bedroom, full bath, and living area; Tenant in place till 1/31/28
