Triplex with New
For Sale
$264,900
4406 Allen St, Houston, TX 77007
Three-unit property with varied bedroom configurations and month-to-month leases.
Property Size1,787 SF
Price / SF$148.24
Days on Market90
Property Features for 4406 Allen St
General Information
Standard status
Active
Size
1,787 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
needs some TLC
Site & Location
Neighborhood
Washington Avenue Coalition / Memorial Park
Units
Unit Mix
1 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
3
Building Details
Year Built
1920
Listing Agency:
Nan & Company Properties- Cypress Office
Listed By:
Jenny Correa, Gabrielle Correa · License #0519842
(281) 935-4838
Source:
Doorstephomegroup
Added: Aug 7
Changed: Oct 25
Last Checked: Sep 29 at 2:06PM
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 Nan & Company Properties- Cypress Office
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Investment Insights
Based on property information with market context.
This Houston triplex contains three residential units arranged as one two-bedroom, one-bath unit and two one-bedroom, one-bath units. A new roof is in place, while the property requires some TLC for continued improvement. All tenants are currently on month-to-month leases, providing flexibility for future planning.
The property is located at 4406 Allen St, with downtown Houston just minutes away. Shopping, dining, and entertainment are accessible from the property, adding convenience for residents and supporting its location within the city.
The property is located at 4406 Allen St, with downtown Houston just minutes away. Shopping, dining, and entertainment are accessible from the property, adding convenience for residents and supporting its location within the city.
Key Highlights
- Three residential units with one 2‑bed/1‑bath and two 1‑bed/1‑bath layouts
- New roof in place
- All tenants currently occupy month‑to‑month leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,406
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$468,120
$468.1K
Cap Rate 7%
$334,371
$334.4K
Cap Rate 9%
$260,067
$260.1K
Market Conditions
NOI Build-Up for 1,787 SF
Gross rent
$35.4K $19.80/SF
− Vacancy
−$1.9K −$1.09/SF
EGI
$33.4K $18.71/SF
− OpEx
−$10.0K −$5.61/SF
NOI
$23.4K $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%
$468,120
Cap Rate 7%
$334,371
Cap Rate 9%
$260,067
Alternative Uses
Best Use
Multifamily LT 5
$334.4K
$292.6K – $390.1K
NOI $23,406 @ 7.0% cap · market cap 8.84%
Second Best
Apartment 5plus
$289.2K
$253.1K – $337.4K
NOI $20,245 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$459.5K
$402.1K – $536.1K
NOI $32,166 @ 7.0% cap · market cap 12.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,116
Businesses Nearby
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Business Placement
Demographics for 77007, TX
42,908
Population
26,281
Households
1.6
Avg Household Size
34
Median Age
80%
College-Educated
99%
High-School Grad
7.5 sq mi
ZIP Area
5,721
Density / Sq Mi
$140,878
Median Household Income
$92,408
Median Earnings
$1,951
Median Rent
$501,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with varied bedroom configurations and month-to-month leases.
Where is this triplex located?
The property is located at 4406 Allen St Houston, TX.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: Three residential units with one 2‑bed/1‑bath and two 1‑bed/1‑bath layouts; New roof in place; All tenants currently occupy month‑to‑month leases
