Two-Story Residential Income
For Sale
$239,900
3114 Bolt Street, Houston, TX 77051
Maintained townhome with an open floor plan, natural-light interiors, and a private primary suite.
Property Size1,724 SF
Price / SF$139.15
Days on Market153
Property Features for 3114 Bolt Street
General Information
Standard status
Active
Size
1,724 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,931
Amenities
Carpet,Laminate
Dining Room,Living Room,Half Bath
1
Yes
3
Washer Hookup,Electric Dryer Hookup
Appraiser
Breakfast Bar,High Ceilings,Kitchen/Family Room Combo,Bath in Primary Bedroom,Quartz Counters,Tub Shower,Ceiling Fan(s),Living/Dining Room
Back Yard
Cleared
No
Public
3575
0.0821
Attached,Garage
Asphalt
Fence
Slab
1724
Building Details
Building Size
1,724 SF
Year Built
2006
Buildings
1
Stories
2
Listing Agency:
Inner Loop West
(281) 486-1900
Listed By:
Elma Garcia
(832) 453-9219
Source:
Garygreene
Added: Apr 8
Changed: Sep 7
Last Checked: Sep 7 at 4:51AM
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 Inner Loop West
Investment Insights
Based on property information with market context.
This two-story residential income property is a townhome with 3 bedrooms and 2.5 full baths. The interior includes connected living and dining areas, a kitchen with substantial cabinetry and workspace, and an upstairs primary suite with its own bath. Secondary bedrooms share a full bathroom, while a guest powder room serves the main level.
Built in 2006, the home is located at 3114 Bolt St in Houston, Texas 77051. The property offers access to downtown Houston, 610, and I-10, with NRG Stadium and the Galleria also within a quick drive.
Built in 2006, the home is located at 3114 Bolt St in Houston, Texas 77051. The property offers access to downtown Houston, 610, and I-10, with NRG Stadium and the Galleria also within a quick drive.
Key Highlights
- Two‑story townhome with 3 bedrooms and 2.5 full baths
- Open living and dining areas with abundant natural light
- Kitchen includes ample cabinetry and workspace
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
$19,531
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
8.14%
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%
$390,620
$390.6K
Cap Rate 7%
$279,014
$279.0K
Cap Rate 9%
$217,011
$217.0K
Market Conditions
NOI Build-Up for 1,724 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
$37.9K $21.96/SF
− Vacancy
−$2.3K −$1.36/SF
EGI
$35.5K $20.60/SF
− OpEx
−$16.0K −$9.27/SF
NOI
$19.5K $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 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%
$390,620
Cap Rate 7%
$279,014
Cap Rate 9%
$217,011
Alternative Uses
Best Use
Apartment 5plus
$279.0K
$244.1K – $325.5K
NOI $19,531 @ 7.0% cap · market cap 8.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$443.3K
$387.9K – $517.2K
NOI $31,032 @ 7.0% cap · market cap 12.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
263
Businesses Nearby
Explore this area
Business Placement
Demographics for 77051, TX
18,323
Population
7,453
Households
2.5
Avg Household Size
34
Median Age
15%
College-Educated
78%
High-School Grad
7.4 sq mi
ZIP Area
2,476
Density / Sq Mi
$40,030
Median Household Income
$31,914
Median Earnings
$1,332
Median Rent
$171,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Maintained townhome with an open floor plan, natural-light interiors, and a private primary suite.
Where is this residential income property located?
The property is located at 3114 Bolt Street Houston, TX.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two‑story townhome with 3 bedrooms and 2.5 full baths; Open living and dining areas with abundant natural light; Kitchen includes ample cabinetry and workspace
