Renovated Three-Unit Multifamily
7010 Brownsville Street # 3, Houston, TX 77020
For Sale
$280,000
Separate gas, water, and electric meters serve each residence, with on-site parking for tenants.
Property Size1,520 SF
Days on Market41
Property Features for 7010 Brownsville Street # 3
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Realty Metropolitan
Listed By:
Helen Pac Franco
(713) 261-2881
Source:
Greenwoodking
Added: Oct 5
Changed: Nov 12
Last Checked: Nov 12 at 2:20PM
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 Keller Williams Realty Metropolitan
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Investment Insights
Based on property information with market context.
This three-unit multifamily property contains two one-bedroom, one-bath units and one two-bedroom, one-bath unit. Two residences have been renovated, with work including a new roof, windows, flooring, countertops, siding, bathrooms, and insulation. The property was built in 1960.
Each unit has separate gas, water, and electric meters, and the site includes on-site parking. The property is in Houston, near Downtown and major highways.
Each unit has separate gas, water, and electric meters, and the site includes on-site parking. The property is in Houston, near Downtown and major highways.
Key Highlights
- Three units: two 1‑bedroom/1‑bath units and one 2‑bedroom/1‑bath unit
- Two units renovated with updates to the roof, windows, flooring, countertops, siding, bathrooms, and insulation
- Separate gas, water, and electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,909
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,180
$398.2K
Cap Rate 7%
$284,414
$284.4K
Cap Rate 9%
$221,211
$221.2K
Market Conditions
NOI Build-Up for 1,520 SF
Gross rent
$30.1K $19.80/SF
− Vacancy
−$1.7K −$1.09/SF
EGI
$28.4K $18.71/SF
− OpEx
−$8.5K −$5.61/SF
NOI
$19.9K $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%
$398,180
Cap Rate 7%
$284,414
Cap Rate 9%
$221,211
Alternative Uses
Best Use
Multifamily LT 5
$284.4K
$248.9K – $331.8K
NOI $19,909 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$246.0K
$215.3K – $287.0K
NOI $17,220 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$390.9K
$342.0K – $456.0K
NOI $27,360 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
696
Businesses Nearby
Explore this area
Business Placement
Demographics for 77020, TX
24,846
Population
10,054
Households
2.5
Avg Household Size
35
Median Age
13%
College-Educated
65%
High-School Grad
7.8 sq mi
ZIP Area
3,185
Density / Sq Mi
$49,481
Median Household Income
$32,573
Median Earnings
$942
Median Rent
$133,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Separate gas, water, and electric meters serve each residence, with on-site parking for tenants.
Where is this triplex located?
The property is located at 7010 Brownsville Street # 3 Houston, TX.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Three units: two 1‑bedroom/1‑bath units and one 2‑bedroom/1‑bath unit; Two units renovated with updates to the roof, windows, flooring, countertops, siding, bathrooms, and insulation; Separate gas, water, and electric meters for each unit
