Renovated Multifamily
For Sale
$310,000
3231 Holman Street, Houston, TX 77004
Renovated multifamily property with included appliances and washer-dryer equipment.
Property Size2,300 SF
Days on Market57
Property Features for 3231 Holman Street
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Multi Family,Multiple Detached Dwellings
Site & Location
Neighborhood
Greater Third Ward
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,244
Amenities
washer and dryer
Building Details
Building Size
2,300 SF
Year Built
1936
Buildings
3
Listing Agency:
Jason Mitchell Group
Listed By:
Phillis Nealy · License #0551758
(469) 515-0090
Source:
Livingvoguerealestate
Added: Sep 9
Changed: Oct 31
Last Checked: Nov 3 at 1:32PM
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 Jason Mitchell Group
Ask AI about this property
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 includes three detached homes that have been renovated. The improvements include appliances, along with washer and dryer equipment. Built in 1936, the property is located at 3231 Holman Street in Houston, Texas 77004.
Key Highlights
- Three detached homes on one multifamily property
- Renovated improvements across the property
- Appliances included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,057
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,140
$521.1K
Cap Rate 7%
$372,243
$372.2K
Cap Rate 9%
$289,522
$289.5K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$50.5K $21.96/SF
− Vacancy
−$3.1K −$1.36/SF
EGI
$47.4K $20.60/SF
− OpEx
−$21.3K −$9.27/SF
NOI
$26.1K $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%
$521,140
Cap Rate 7%
$372,243
Cap Rate 9%
$289,522
Alternative Uses
Best Use
Apartment 5plus
$372.2K
$325.7K – $434.3K
NOI $26,057 @ 7.0% cap · market cap 8.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$591.4K
$517.5K – $690.0K
NOI $41,400 @ 7.0% cap · market cap 13.35%
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
3
Residential units
Location Intelligence
Trade Area within ½ mile
956
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Renovated multifamily property with included appliances and washer-dryer equipment.
Where is this multifamily property located?
The property is located at 3231 Holman Street Houston, TX.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Three detached homes on one multifamily property; Renovated improvements across the property; Appliances included
