Renovated
For Sale
$275,000
3201 Adelia Street, Houston, TX 77026
The property contains one residence available for lease and one tenant-occupied unit.
Property Size792 SF
Price / SF$347.22
Days on Market60
Property Features for 3201 Adelia Street
General Information
Standard status
Active
Size
792 SF
Property subtype
Income
Zoning
commercial/residential
Site & Location
Neighborhood
Greater Fifth Ward
Highway Access
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
Plank,Vinyl
Yes
1
2
Low-Emissivity Windows
Appraiser
Quartz Counters,Ceiling Fan(s)
Corner Lot,Subdivision
5000
792
Building Details
Building Size
792 SF
Year Built
1938
Stories
1
Listing Agency:
Leopold & Strahan
(713) 461-6800
Listed By:
Shannon Lester · License #0598128
(713) 858-6671
Source:
Garygreene
Added: Aug 28
Changed: Oct 25
Last Checked: Oct 24 at 2:58PM
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 Leopold & Strahan
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Investment Insights
Based on property information with market context.
This renovated duplex includes two separate residences. One is a 2-bedroom, 1-bath single-family home currently available for lease. The second is a studio-style 1-bedroom, 1-bath unit with an existing tenant. The property was built in 1938 and has undergone rehabilitation work.
Zoned commercial/residential, the property is located at 3201 Adelia Street in Houston. Downtown Houston, Hardy Yards, Saint Arnold Brewing, the East End, and major highways are identified as nearby destinations. New construction and redevelopment are also present in the surrounding area.
Zoned commercial/residential, the property is located at 3201 Adelia Street in Houston. Downtown Houston, Hardy Yards, Saint Arnold Brewing, the East End, and major highways are identified as nearby destinations. New construction and redevelopment are also present in the surrounding area.
Key Highlights
- Two‑residence duplex with one home available for lease and one tenant‑occupied unit
- 2‑bedroom, 1‑bath single‑family residence
- Studio‑style 1‑bedroom, 1‑bath tenant‑occupied unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,373
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$207,460
$207.5K
Cap Rate 7%
$148,186
$148.2K
Cap Rate 9%
$115,256
$115.3K
Market Conditions
NOI Build-Up for 792 SF
Gross rent
$15.7K $19.80/SF
− Vacancy
−$862 −$1.09/SF
EGI
$14.8K $18.71/SF
− OpEx
−$4.4K −$5.61/SF
NOI
$10.4K $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%
$207,460
Cap Rate 7%
$148,186
Cap Rate 9%
$115,256
Alternative Uses
Best Use
Multifamily LT 5
$148.2K
$129.7K – $172.9K
NOI $10,373 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$128.2K
$112.2K – $149.6K
NOI $8,973 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$203.7K
$178.2K – $237.6K
NOI $14,256 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
414
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
Frequently Asked Questions
What type of property is this?
Duplex - The property contains one residence available for lease and one tenant-occupied unit.
Where is this duplex located?
The property is located at 3201 Adelia Street Houston, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑residence duplex with one home available for lease and one tenant‑occupied unit; 2‑bedroom, 1‑bath single‑family residence; Studio‑style 1‑bedroom, 1‑bath tenant‑occupied unit
