Brick Triplex with Three
For Sale
$299,950
2310 Kabee St, Houston, TX 77020
Three single-story residences offer separate backyard space on one lot.
Property Size2,331 SF
Price / SF$128.68
Days on Market52
Property Features for 2310 Kabee St
General Information
Standard status
Active
Size
2,331 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1950
Buildings
3
Construction
brick
Listing Agency:
Premier Properties
Listed By:
Vicki Lacy · License #0540954
(832) 659-9191
Source:
Nova-era
Added: Aug 29
Changed: Oct 10
Last Checked: Oct 7 at 4:51PM
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 Premier Properties
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Investment Insights
Based on property information with market context.
This triplex comprises three individual, single-story brick homes totaling 2,373 SF. Each residence includes its own backyard, and the property was built in 1950. The homes are situated together on a large lot and are almost 100% occupied, providing an existing residential income configuration.
The property is located near Downtown Houston, the University of Houston, and the East River Project. Newer-construction homes are located nearby. The property is identified as having no flood exposure and no HOA.
The property is located near Downtown Houston, the University of Houston, and the East River Project. Newer-construction homes are located nearby. The property is identified as having no flood exposure and no HOA.
Key Highlights
- Three individual single‑story brick homes on one property
- 2,373 SF total property size
- Each home has its own backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,408
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,160
$528.2K
Cap Rate 7%
$377,257
$377.3K
Cap Rate 9%
$293,422
$293.4K
Market Conditions
NOI Build-Up for 2,331 SF
Gross rent
$51.2K $21.96/SF
− Vacancy
−$3.2K −$1.36/SF
EGI
$48.0K $20.60/SF
− OpEx
−$21.6K −$9.27/SF
NOI
$26.4K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,160
Cap Rate 7%
$377,257
Cap Rate 9%
$293,422
Alternative Uses
Best Use
Multifamily LT 5
$436.2K
$381.6K – $508.9K
NOI $30,531 @ 7.0% cap · market cap 10.18%
Second Best
Apartment 5plus
$377.3K
$330.1K – $440.1K
NOI $26,408 @ 7.0% cap · market cap 8.80%
Theoretical Best
Office A
$599.4K
$524.5K – $699.3K
NOI $41,958 @ 7.0% cap · market cap 13.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
591
Businesses Nearby
Explore this area
Business Placement
Demographics for 77020, TX
24,846
Population
10,054
Households
2.5
Avg Household Size
35
Median Age
13%
College-Educated
65%
High-School Grad
7.8 sq mi
ZIP Area
3,185
Density / Sq Mi
$49,481
Median Household Income
$32,573
Median Earnings
$942
Median Rent
$133,600
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 single-story residences offer separate backyard space on one lot.
Where is this triplex located?
The property is located at 2310 Kabee St Houston, TX.
What is the asking price?
The asking price for this property is $299,950.
What are key features of this property?
This property features: Three individual single‑story brick homes on one property; 2,373 SF total property size; Each home has its own backyard
