Multifamily Property with Modern
New
For Sale
$399,500
3221 Ennis Street, Houston, TX 77004
Built in 2022, the property includes electric and natural gas service, along with a refrigerator.
Property Size1,464 SF
Days on Market6
Property Features for 3221 Ennis Street
General Information
Standard status
Active
Size
1,464 SF
Property subtype
Multi Family,Duplex
Site & Location
Neighborhood
Greater Third Ward
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$7,777
Building Details
Building Size
1,464 SF
Year Built
2022
Listing Agency:
Keller Williams Houston Central
Listed By:
Austin Jones · License #790834
(281) 729-6604
Source:
Mpowerrealtygroup
Added: Oct 30
Changed: Nov 3
Last Checked: Nov 3 at 3:23PM
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 Houston Central
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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 multifamily property was built in 2022 and measures 1,464 square feet. Interior features include electric and natural gas service, as well as a refrigerator.
The property is at 3221 Ennis Street in Houston, across from the historic Riverside General Hospital building at 3204 Ennis. Access from I-45 is via the Scott Street exit, followed by travel on Scott, Elgin, and Ennis streets.
The property is at 3221 Ennis Street in Houston, across from the historic Riverside General Hospital building at 3204 Ennis. Access from I-45 is via the Scott Street exit, followed by travel on Scott, Elgin, and Ennis streets.
Key Highlights
- 1,464‑square‑foot multifamily property
- Built in 2022
- Electric and natural gas service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,586
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,720
$331.7K
Cap Rate 7%
$236,943
$236.9K
Cap Rate 9%
$184,289
$184.3K
Market Conditions
NOI Build-Up for 1,464 SF
Gross rent
$32.1K $21.96/SF
− Vacancy
−$2.0K −$1.36/SF
EGI
$30.2K $20.60/SF
− OpEx
−$13.6K −$9.27/SF
NOI
$16.6K $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 Rate 5%
$331,720
Cap Rate 7%
$236,943
Cap Rate 9%
$184,289
Alternative Uses
Best Use
Apartment 5plus
$236.9K
$207.3K – $276.4K
NOI $16,586 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$376.5K
$329.4K – $439.2K
NOI $26,352 @ 7.0% cap · market cap 6.60%
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
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,203
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
Check the figures for this property
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?
Multifamily property - Built in 2022, the property includes electric and natural gas service, along with a refrigerator.
Where is this multifamily property located?
The property is located at 3221 Ennis Street Houston, TX.
What is the asking price?
The asking price for this property is $399,500.
What are key features of this property?
This property features: 1,464‑square‑foot multifamily property; Built in 2022; Electric and natural gas service
