Corner-Lot
For Sale
$600,000
5005 Delano Street # A, Houston, TX 77004
Three-unit residential property near downtown and the Medical Center.
Property Size4,620 SF
Days on Market44
Property Features for 5005 Delano Street # A
General Information
Standard status
Active
Size
4,620 SF
Property subtype
Multi Family,Triplex
Building Details
Building Size
4,620 SF
Year Built
2017
Listing Agency:
Luxely Real Estate
(281) 357-9887
Listed By:
Jonathan Layton · License #0537860
(281) 357-9887
Source:
Mpowerrealtygroup
Added: Jun 24
Changed: Jul 31
Last Checked: Aug 5 at 4:30AM
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 Luxely Real Estate
Investment Insights
Based on property information with market context.
This triplex was built in 2017 and sits on a corner lot at 5005 Delano Street # A in Houston. The property offers three residential units within a multifamily configuration.
Its location is near downtown and the Medical Center, providing proximity to two established Houston destinations. Virtual furnishings may appear in listing photography to illustrate the floor plan and interior presentation.
Its location is near downtown and the Medical Center, providing proximity to two established Houston destinations. Virtual furnishings may appear in listing photography to illustrate the floor plan and interior presentation.
Key Highlights
- Three‑unit triplex built in 2017
- Corner‑lot location
- Near downtown and the Medical Center
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $101.5k | $21.96 |
| − Vacancy | −$6.3k | −$1.36 |
| EGI | $95.2k | $20.60 |
| − OpEx | −$42.8k | −$9.27 |
| NOI | $52.3k | $11.33 |
4,620 SF · lease $21.96/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$864.4K
$756.4K – $1.01M
NOI $60,511 @ 7.0% cap · market cap 10.09%
Second Best
Apartment 5plus
$747.7K
$654.3K – $872.4K
NOI $52,341 @ 7.0% cap · market cap 8.72%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,160 @ 7.0% cap · market cap 13.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,584
Businesses Nearby
Explore this area
Business Placement
Demographics for 77004, TX
37,005
Population
18,321
Households
2
Avg Household Size
31
Median Age
57%
College-Educated
96%
High-School Grad
5.2 sq mi
ZIP Area
7,116
Density / Sq Mi
$65,901
Median Household Income
$55,909
Median Earnings
$1,320
Median Rent
$384,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property near downtown and the Medical Center.
Where is this triplex located?
The property is located at 5005 Delano Street # A Houston, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Three‑unit triplex built in 2017; Corner‑lot location; Near downtown and the Medical Center
