Updated Duplex Near
For Sale
$198,000
3204 Napoleon Street, Houston, TX 77004
One unit is occupied, with bike, walk, and transit scores of 86, 66, and 57.
Property Size1,040 SF
Price / SF$190.38
Days on Market52
Property Features for 3204 Napoleon Street
General Information
Standard status
Active
Size
1,040 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Greater Third Ward
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,547
Amenities
Laminate,Tile
No
1
Appraiser
Yes
Cleared
3500
Survey
1040
Building Details
Building Size
1,040 SF
Year Built
1936
Stories
1
Listing Agency:
RE/MAX Advanced Real Estate - Buffalo TX
(713) 461-6800
Listed By:
Isabel Nordin
(210) 415-6736
Source:
Garygreene
Added: Sep 4
Changed: Oct 25
Last Checked: Oct 24 at 2:20PM
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 RE/MAX Advanced Real Estate - Buffalo TX
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Investment Insights
Based on property information with market context.
This Houston duplex was built in 1936 and has undergone multiple recent updates. One unit is currently occupied, providing an existing occupancy position within the two-unit property.
The property is located at 3204 Napoleon St in Houston, TX 77004, just blocks from I-45 and the University of Houston. Neighborhood mobility is reflected in a bikeScore of 86, a walkScore of 66, and a transitScore of 57.
The property is located at 3204 Napoleon St in Houston, TX 77004, just blocks from I-45 and the University of Houston. Neighborhood mobility is reflected in a bikeScore of 86, a walkScore of 66, and a transitScore of 57.
Key Highlights
- Duplex constructed in 1936
- Multiple recent updates completed
- One unit currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,622
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,440
$272.4K
Cap Rate 7%
$194,600
$194.6K
Cap Rate 9%
$151,356
$151.4K
Market Conditions
NOI Build-Up for 1,040 SF
Gross rent
$20.6K $19.80/SF
− Vacancy
−$1.1K −$1.09/SF
EGI
$19.5K $18.71/SF
− OpEx
−$5.8K −$5.61/SF
NOI
$13.6K $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%
$272,440
Cap Rate 7%
$194,600
Cap Rate 9%
$151,356
Alternative Uses
Best Use
Multifamily LT 5
$194.6K
$170.3K – $227.0K
NOI $13,622 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$168.3K
$147.3K – $196.4K
NOI $11,782 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$267.4K
$234.0K – $312.0K
NOI $18,720 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
873
Businesses Nearby
Explore this area
Business Placement
Demographics for 77004, TX
37,005
Population
18,321
Households
2
Avg Household Size
31
Median Age
57%
College-Educated
96%
High-School Grad
5.2 sq mi
ZIP Area
7,116
Density / Sq Mi
$65,901
Median Household Income
$55,909
Median Earnings
$1,320
Median Rent
$384,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One unit is occupied, with bike, walk, and transit scores of 86, 66, and 57.
Where is this duplex located?
The property is located at 3204 Napoleon Street Houston, TX.
What is the asking price?
The asking price for this property is $198,000.
What are key features of this property?
This property features: Duplex constructed in 1936; Multiple recent updates completed; One unit currently occupied
