Updated
New
For Sale
$210,000
401 Trichelle Street, Pasadena, TX 77506
The two-unit property occupies a corner parcel in Pasadena.
Property Size1,706 SF
Days on Market4
Property Features for 401 Trichelle Street
General Information
Standard status
Active
Size
1,706 SF
Property subtype
Multi Family,Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,793
Building Details
Building Size
1,706 SF
Year Built
1945
Listing Agency:
Aplomb Real Estate
Listed By:
Rochelle Jones · License #0562385
(832) 637-3700
Source:
Mpowerrealtygroup
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 13 at 2:19AM
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 Aplomb Real Estate
Investment Insights
Based on property information with market context.
Built in 1945, this duplex has received recent updates and is situated on a corner lot in Pasadena, Texas.
Key Highlights
- Two‑unit duplex on a corner lot
- Built in 1945
- Recently updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,464
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,280
$349.3K
Cap Rate 7%
$249,486
$249.5K
Cap Rate 9%
$194,044
$194.0K
Market Conditions
NOI Build-Up for 1,706 SF
Gross rent
$33.8K $19.80/SF
− Vacancy
−$2.0K −$1.19/SF
EGI
$31.8K $18.61/SF
− OpEx
−$14.3K −$8.38/SF
NOI
$17.5K $10.24/SF
Area
Pasadena, TX
Vacancy
6.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,280
Cap Rate 7%
$249,486
Cap Rate 9%
$194,044
Alternative Uses
Best Use
Multifamily LT 5
$277.5K
$242.9K – $323.8K
NOI $19,428 @ 7.0% cap · market cap 9.25%
Second Best
Apartment 5plus
$249.5K
$218.3K – $291.1K
NOI $17,464 @ 7.0% cap · market cap 8.32%
Theoretical Best
Office A
$563.0K
$492.6K – $656.8K
NOI $39,410 @ 7.0% cap · market cap 18.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
257
Businesses Nearby
Explore this area
Business Placement
Demographics for 77506, TX
34,431
Population
11,973
Households
2.9
Avg Household Size
31
Median Age
5%
College-Educated
57%
High-School Grad
11.3 sq mi
ZIP Area
3,047
Density / Sq Mi
$50,045
Median Household Income
$31,621
Median Earnings
$1,049
Median Rent
$131,800
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?
Duplex - The two-unit property occupies a corner parcel in Pasadena.
Where is this duplex located?
The property is located at 401 Trichelle Street Pasadena, TX.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Two‑unit duplex on a corner lot; Built in 1945; Recently updated
