Furnished
3208 Holman Street, Houston, TX 77004
For Sale
$449,000
Three furnished apartments include individual laundry and supplied appliances.
Property Size1,680 SF
Price / SF$267.26
Days on Market118
Property Features for 3208 Holman Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Furnished
Taxes and HOA fees
Annual Taxes
Amenities
in-unit laundry
automatic driveway gate
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Texas United Realty
Listed By:
Nicole Christensen
(281) 406-0858
Source:
Bethwolff
Added: Jul 15
Changed: Nov 7
Last Checked: Nov 8 at 6:29PM
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 Texas United Realty
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Investment Insights
Based on property information with market context.
Built in 1938, this 1,680-square-foot triplex contains three furnished apartments: one with two bedrooms and one bathroom, plus two with one bedroom and one bathroom each. The units have been remodeled and include a washer, dryer, refrigerator, and range/oven, along with in-unit laundry. An automatic driveway gate operates with fobs or a keypad.
The property is in Houston, with Midtown, Downtown, and the University of Houston described as minutes away.
The property is in Houston, with Midtown, Downtown, and the University of Houston described as minutes away.
Key Highlights
- 1,680‑square‑foot triplex built in 1938
- Three furnished units: one 2‑bedroom/1‑bath and two 1‑bedroom/1‑bath apartments
- Remodeled units with washer, dryer, refrigerator, and range/oven
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,004
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,080
$440.1K
Cap Rate 7%
$314,343
$314.3K
Cap Rate 9%
$244,489
$244.5K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$33.3K $19.80/SF
− Vacancy
−$1.8K −$1.09/SF
EGI
$31.4K $18.71/SF
− OpEx
−$9.4K −$5.61/SF
NOI
$22.0K $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%
$440,080
Cap Rate 7%
$314,343
Cap Rate 9%
$244,489
Alternative Uses
Best Use
Multifamily LT 5
$314.3K
$275.1K – $366.7K
NOI $22,004 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$271.9K
$237.9K – $317.2K
NOI $19,033 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$432.0K
$378.0K – $504.0K
NOI $30,240 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
956
Businesses Nearby
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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
$384,100
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Houston, TX
Properties on Market for Triplexes in Houston
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three furnished apartments include individual laundry and supplied appliances.
Where is this triplex located?
The property is located at 3208 Holman Street Houston, TX.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 1,680‑square‑foot triplex built in 1938; Three furnished units: one 2‑bedroom/1‑bath and two 1‑bedroom/1‑bath apartments; Remodeled units with washer, dryer, refrigerator, and range/oven
