Triplex with Garage
New
For Sale
$1,475,000
618 Branard St, Houston, TX 77006
Furnished, gated property with a rear garage apartment and on-site parking.
Property Size4,073 SF
Days on Market7
Property Features for 618 Branard St
General Information
Standard status
Active
Size
4,073 SF
Total Parking Spaces
4
Property subtype
Investment
Lease Term
Month-to-month
Additional Details
Furnished
Yes
Amenities
gated
Building Details
Building Size
4,073 SF
Year Built
2020
Year Renovated
2020
Stories
2
Units
5
Listed By:
Moni Bohnisch · License #532361
(281) 748-0238
Source:
Elliman
Added: Oct 7
Changed: Oct 13
Last Checked: Oct 12 at 8:37PM
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 Moni Bohnisch
Investment Insights
Based on property information with market context.
This furnished, gated triplex in Houston’s Montrose area contains 14 bedrooms and includes four on-site parking spaces. The property was renovated to the studs in 2020, with plumbing, electrical, and HVAC updates. A rear garage apartment was also built in 2020.
The property has a Bike Score of 74, rated “Very Bikeable,” a Walk Score of 90, rated “Walker’s Paradise,” and a Transit Score of 59, rated “Good Transit.” Downtown, the Medical Center, and Memorial Park are cited as nearby destinations.
The property has a Bike Score of 74, rated “Very Bikeable,” a Walk Score of 90, rated “Walker’s Paradise,” and a Transit Score of 59, rated “Good Transit.” Downtown, the Medical Center, and Memorial Park are cited as nearby destinations.
Key Highlights
- 14‑bedroom triplex
- Four on‑site parking spaces
- 2020 renovation included plumbing, electrical, and HVAC updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,347
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,066,940
$1.1M
Cap Rate 7%
$762,100
$762.1K
Cap Rate 9%
$592,744
$592.7K
Market Conditions
NOI Build-Up for 4,073 SF
Gross rent
$80.6K $19.80/SF
− Vacancy
−$4.4K −$1.09/SF
EGI
$76.2K $18.71/SF
− OpEx
−$22.9K −$5.61/SF
NOI
$53.3K $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%
$1,066,940
Cap Rate 7%
$762,100
Cap Rate 9%
$592,744
Alternative Uses
Best Use
Multifamily LT 5
$762.1K
$666.8K – $889.1K
NOI $53,347 @ 7.0% cap · market cap 3.62%
Second Best
Apartment 5plus
$659.2K
$576.8K – $769.1K
NOI $46,144 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$1.05M
$916.4K – $1.22M
NOI $73,314 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
3,523
Businesses Nearby
Explore this area
Business Placement
Demographics for 77006, TX
24,129
Population
16,654
Households
1.4
Avg Household Size
36
Median Age
80%
College-Educated
98%
High-School Grad
2.3 sq mi
ZIP Area
10,491
Density / Sq Mi
$102,003
Median Household Income
$73,275
Median Earnings
$1,761
Median Rent
$599,500
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
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Frequently Asked Questions
What type of property is this?
Triplex - Furnished, gated property with a rear garage apartment and on-site parking.
Where is this triplex located?
The property is located at 618 Branard St Houston, TX.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: 14‑bedroom triplex; Four on‑site parking spaces; 2020 renovation included plumbing, electrical, and HVAC updates
