Triplex with Renovated
For Sale
$280,000
3-7010 Brownsville St, Houston, TX 77020
Separate gas, water, and electric meters serve each residence.
Property Size1,520 SF
Price / SF$184.21
Days on Market21
Property Features for 3-7010 Brownsville St
General Information
Standard status
Active
Size
1,520 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Denver Harbor / Port Houston
Units
Unit Mix
2 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
3
Individually Metered Utilities
gas, water, electricity
Taxes and HOA fees
Annual Taxes
$3,683
Amenities
on-site parking
Listing Agency:
Keller Williams Realty Metropolitan
(713) 621-8001
Listed By:
Helen Pac Franco
(713) 261-2881
Source:
Exprealty
Added: Oct 5
Changed: Oct 25
Last Checked: Oct 25 at 2:34AM
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 Keller Williams Realty Metropolitan
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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 Houston triplex contains three apartments totaling 1,520 square feet: two one-bedroom, one-bath units and one two-bedroom, one-bath unit. Two apartments have been renovated, with work including roofing, windows, flooring, countertops, siding, bathrooms, and insulation. Each unit has its own gas, water, and electric meter.
The property is in Denver Harbor. Its three-unit layout combines two smaller apartments with a larger two-bedroom residence.
The property is in Denver Harbor. Its three-unit layout combines two smaller apartments with a larger two-bedroom residence.
Key Highlights
- Three apartments totaling 1,520 square feet
- Unit mix includes two 1‑bedroom/1‑bath apartments and one 2‑bedroom/1‑bath apartment
- Two units renovated with updates including windows, flooring, countertops, bathrooms, and insulation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,909
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,180
$398.2K
Cap Rate 7%
$284,414
$284.4K
Cap Rate 9%
$221,211
$221.2K
Market Conditions
NOI Build-Up for 1,520 SF
Gross rent
$30.1K $19.80/SF
− Vacancy
−$1.7K −$1.09/SF
EGI
$28.4K $18.71/SF
− OpEx
−$8.5K −$5.61/SF
NOI
$19.9K $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%
$398,180
Cap Rate 7%
$284,414
Cap Rate 9%
$221,211
Alternative Uses
Best Use
Multifamily LT 5
$284.4K
$248.9K – $331.8K
NOI $19,909 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$246.0K
$215.3K – $287.0K
NOI $17,220 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$390.9K
$342.0K – $456.0K
NOI $27,360 @ 7.0% cap · market cap 9.77%
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
639
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Separate gas, water, and electric meters serve each residence.
Where is this triplex located?
The property is located at 3-7010 Brownsville St Houston, TX.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Three apartments totaling 1,520 square feet; Unit mix includes two 1‑bedroom/1‑bath apartments and one 2‑bedroom/1‑bath apartment; Two units renovated with updates including windows, flooring, countertops, bathrooms, and insulation
