3-Unit
4102 Engelke Street, Houston, TX 77003
For Sale
$475,000
The property combines two one-bedroom units with a detached two-bedroom home on one lot.
Property Size1,536 SF
Price / SF$309.24
Days on Market202
Property Features for 4102 Engelke Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Sierra Vista Realty LLC
Listed By:
Erik Garza
(713) 393-9045
Source:
Skwrealty
Added: Apr 22
Changed: Nov 7
Last Checked: Nov 8 at 4:04PM
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 Sierra Vista Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1938, this 1,536-square-foot triplex comprises three residences on a single lot: two one-bedroom, one-bath units and a separate two-bedroom, one-bath home. The detached residence offers a distinct living arrangement within the property.
The Houston property is described as minutes from Downtown, with redevelopment activity in the surrounding area.
The Houston property is described as minutes from Downtown, with redevelopment activity in the surrounding area.
Key Highlights
- Three residences: two 1‑bedroom/1‑bath units and one detached 2‑bedroom/1‑bath home
- 1,536 square feet on a single lot
- Built in 1938
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,118
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,360
$402.4K
Cap Rate 7%
$287,400
$287.4K
Cap Rate 9%
$223,533
$223.5K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$30.4K $19.80/SF
− Vacancy
−$1.7K −$1.09/SF
EGI
$28.7K $18.71/SF
− OpEx
−$8.6K −$5.61/SF
NOI
$20.1K $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%
$402,360
Cap Rate 7%
$287,400
Cap Rate 9%
$223,533
Alternative Uses
Best Use
Multifamily LT 5
$287.4K
$251.5K – $335.3K
NOI $20,118 @ 7.0% cap · market cap 4.24%
Second Best
Apartment 5plus
$248.6K
$217.5K – $290.0K
NOI $17,402 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$395.0K
$345.6K – $460.8K
NOI $27,648 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,125
Businesses Nearby
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Business Placement
Demographics for 77003, TX
11,874
Population
6,201
Households
1.9
Avg Household Size
36
Median Age
49%
College-Educated
93%
High-School Grad
2.7 sq mi
ZIP Area
4,398
Density / Sq Mi
$88,837
Median Household Income
$63,831
Median Earnings
$1,562
Median Rent
$363,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 combines two one-bedroom units with a detached two-bedroom home on one lot.
Where is this triplex located?
The property is located at 4102 Engelke Street Houston, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Three residences: two 1‑bedroom/1‑bath units and one detached 2‑bedroom/1‑bath home; 1,536 square feet on a single lot; Built in 1938
