Montrose Multifamily Investment
For Sale
$1,245,000
3403 Yupon St, Houston, TX 77006
Well-maintained 6-unit property in prestigious Montrose area.
Property Size3,694 SF
Lot Size0.14 Acres
Days on Market319
Property Features for 3403 Yupon St
General Information
Standard status
Active
Size
3,694 SF
Lot size
0.14 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$17,203
Building Details
Building Size
3,694 SF
Year Built
1912
Stories
2
Units
6
Listed By:
Gabriel Torre
(832) 691-8533
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 9
Last Checked: Oct 12 at 8:22PM
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 Gabriel Torre
Investment Insights
Based on property information with market context.
This well-maintained property features a total of 6 units, including 4 two-bedroom units and 2 one-bedroom units. One of the two-bedroom units has been completely renovated with a modern, classic, elegant, and upscale design. Each unit has a different layout and design. The property is situated on a 6,250 square foot lot in the Montrose area. The location is approximately 7-12 minutes from the Medical Center, Rice University, and Downtown Houston. The property is within walking distance of numerous restaurants, cafes, and bars. Allen Parkway, with jogging trails and two dog parks, is an 8-minute drive away.
Key Highlights
- Prime Montrose location, walking distance to restaurants, cafes, and bars.
- Strong investment opportunity with 6 units (4 two‑bedroom, 2 one‑bedroom).
- Larger than average lot size: 6,250 SqFt.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,850
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$837,000
$837.0K
Cap Rate 7%
$597,857
$597.9K
Cap Rate 9%
$465,000
$465.0K
Market Conditions
NOI Build-Up for 3,694 SF
Gross rent
$81.1K $21.96/SF
− Vacancy
−$5.0K −$1.36/SF
EGI
$76.1K $20.60/SF
− OpEx
−$34.2K −$9.27/SF
NOI
$41.8K $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%
$837,000
Cap Rate 7%
$597,857
Cap Rate 9%
$465,000
Alternative Uses
Best Use
Apartment 5plus
$597.9K
$523.1K – $697.5K
NOI $41,850 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$949.9K
$831.2K – $1.11M
NOI $66,492 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,006
Businesses Nearby
Explore this area
Business Placement
Demographics for 77006, TX
24,129
Population
16,654
Households
1.4
Avg Household Size
36
Median Age
80%
College-Educated
98%
High-School Grad
2.3 sq mi
ZIP Area
10,491
Density / Sq Mi
$102,003
Median Household Income
$73,275
Median Earnings
$1,761
Median Rent
$599,500
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 6-unit property in prestigious Montrose area.
Where is this apartment building located?
The property is located at 3403 Yupon St Houston, TX.
What is the asking price?
The asking price for this property is $1,245,000.
What are key features of this property?
This property features: Prime Montrose location, walking distance to restaurants, cafes, and bars.; Strong investment opportunity with 6 units (4 two‑bedroom, 2 one‑bedroom).; Larger than average lot size: 6,250 SqFt.
