Brick
3507 Sunbeam Street, Houston, TX 77051
For Sale
$295,000
The property’s three residential units are fully occupied.
Property Size1,440 SF
Price / SF$204.86
Days on Market204
Property Features for 3507 Sunbeam Street
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Construction
Listing Agency:
Braggs Broker Services
Listed By:
Yekcira Burnom · License TX #504158
(713) 498-1435
Source:
Oakhousere
Added: Apr 20
Changed: Nov 7
Last Checked: Nov 8 at 8:59PM
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 Braggs Broker Services
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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 brick multifamily property contains three residential units totaling 1,440 square feet. Built in 1955, the building is fully occupied.
The property is near the Medical Center in Houston, Texas. The unit shown in the listing has received carpet and paint updates.
The property is near the Medical Center in Houston, Texas. The unit shown in the listing has received carpet and paint updates.
Key Highlights
- Three residential units are fully occupied
- 1,440 square feet of building area
- Brick construction; built in 1955
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,861
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,220
$377.2K
Cap Rate 7%
$269,443
$269.4K
Cap Rate 9%
$209,567
$209.6K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$28.5K $19.80/SF
− Vacancy
−$1.6K −$1.09/SF
EGI
$26.9K $18.71/SF
− OpEx
−$8.1K −$5.61/SF
NOI
$18.9K $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%
$377,220
Cap Rate 7%
$269,443
Cap Rate 9%
$209,567
Alternative Uses
Best Use
Multifamily LT 5
$269.4K
$235.8K – $314.4K
NOI $18,861 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$233.1K
$203.9K – $271.9K
NOI $16,314 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$370.3K
$324.0K – $432.0K
NOI $25,920 @ 7.0% cap · market cap 8.79%
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
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
Explore this area
Business Placement
Demographics for 77051, TX
18,323
Population
7,453
Households
2.5
Avg Household Size
34
Median Age
15%
College-Educated
78%
High-School Grad
7.4 sq mi
ZIP Area
2,476
Density / Sq Mi
$40,030
Median Household Income
$31,914
Median Earnings
$1,332
Median Rent
$171,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - The property’s three residential units are fully occupied.
Where is this triplex located?
The property is located at 3507 Sunbeam Street Houston, TX.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Three residential units are fully occupied; 1,440 square feet of building area; Brick construction; built in 1955
