Triplex with Furnished Short-Term
For Sale
$469,900
2527 Sumpter Street, Houston, TX 77026
Fully furnished triplex with renovated interiors and two years of short-term rental operating history.
Property Size1,768 SF
Days on Market99
Property Features for 2527 Sumpter Street
General Information
Standard status
Active
Size
1,768 SF
Property subtype
Multi Family,Triplex
Additional Details
Business Included
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,357
Building Details
Building Size
1,768 SF
Year Built
1935
Tenancy
Multi
Listing Agency:
eXp Realty LLC
Listed By:
Matthew Marcelissen
(512) 669-0448
Source:
Livingvoguerealestate
Added: Jun 14
Changed: Sep 15
Last Checked: Sep 19 at 11:38AM
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
Investment Insights
Based on property information with market context.
Introducing the Yellow Bungalow at 2527 Sumpter St, Houston, a fully operational, income producing triplex with three rental units and furnished delivery for immediate use. The property includes two 2 bedroom, 2 bathroom units and one 1 bedroom, 1 bathroom unit. Following renovations completed down to the studs, the home blends historic charm with modernized systems. All units convey fully furnished, supporting an owner’s ability to begin operating without additional furnishing work.
The property was acquired as long-term rentals in 2023 and converted to short-term rentals in 2024, creating two full years of operating history. Reported annual gross revenue is approximately $85,000. For mobility, bikeScore is 74 (very bikeable), walkScore is 58 (somewhat walkable), and transitScore is 51 (good transit).
This configuration may appeal to investors or operators seeking a small multifamily asset with diversified unit mix across the three bedrooms and bathrooms. With furnished units and documented short-term rental operations, the property can be positioned for operators looking to manage a triplex scale while leveraging the existing furnishing and renovated condition.
The property was acquired as long-term rentals in 2023 and converted to short-term rentals in 2024, creating two full years of operating history. Reported annual gross revenue is approximately $85,000. For mobility, bikeScore is 74 (very bikeable), walkScore is 58 (somewhat walkable), and transitScore is 51 (good transit).
This configuration may appeal to investors or operators seeking a small multifamily asset with diversified unit mix across the three bedrooms and bathrooms. With furnished units and documented short-term rental operations, the property can be positioned for operators looking to manage a triplex scale while leveraging the existing furnishing and renovated condition.
Key Highlights
- Fully furnished, income‑producing triplex built in 1935 with 3 total units
- Unit mix: two 2 bed/2 bath units plus one 1 bed/1 bath unit
- Renovation completed down to the studs, combining historic charm with modernized systems
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
$23,157
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
4.93%
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%
$463,140
$463.1K
Cap Rate 7%
$330,814
$330.8K
Cap Rate 9%
$257,300
$257.3K
Market Conditions
NOI Build-Up for 1,768 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
$35.0K $19.80/SF
− Vacancy
−$1.9K −$1.09/SF
EGI
$33.1K $18.71/SF
− OpEx
−$9.9K −$5.61/SF
NOI
$23.2K $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%
$463,140
Cap Rate 7%
$330,814
Cap Rate 9%
$257,300
Alternative Uses
Best Use
Multifamily LT 5
$330.8K
$289.5K – $386.0K
NOI $23,157 @ 7.0% cap · market cap 4.93%
Second Best
Apartment 5plus
$286.1K
$250.4K – $333.8K
NOI $20,030 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$454.6K
$397.8K – $530.4K
NOI $31,824 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
537
Businesses Nearby
Explore this area
Business Placement
Demographics for 77026, TX
23,405
Population
9,580
Households
2.4
Avg Household Size
36
Median Age
9%
College-Educated
70%
High-School Grad
6.6 sq mi
ZIP Area
3,546
Density / Sq Mi
$34,835
Median Household Income
$29,339
Median Earnings
$962
Median Rent
$104,800
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
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Frequently Asked Questions
What type of property is this?
Triplex - Fully furnished triplex with renovated interiors and two years of short-term rental operating history.
Where is this triplex located?
The property is located at 2527 Sumpter Street Houston, TX.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Fully furnished, income‑producing triplex built in 1935 with 3 total units; Unit mix: two 2 bed/2 bath units plus one 1 bed/1 bath unit; Renovation completed down to the studs, combining historic charm with modernized systems
