Gated Residential Income
For Sale
$265,000
7117 Springdale Street B, Houston, TX 77028
The home has three bedrooms, two full baths, a half bath, and an attached one-car garage.
Property Size1,500 SF
Price / SF$176.67
Days on Market186
Property Features for 7117 Springdale Street B
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Trinity / Houston Gardens
Taxes and HOA fees
Annual Taxes
$1,186
Amenities
LivingRoom,HalfBath
1
Yes
3
Builder
DoubleVanity,KitchenFamilyRoomCombo,BathInPrimaryBedroom,TubShower,ThreeBedroomsUp
CornerLot
No
Public
2981
0.1369
Appraiser
Attached,Garage
Slab
1500
Building Details
Building Size
1,500 SF
Year Built
2025
Stories
2
Listing Agency:
Bayou Properties Realty, LLC
(281) 486-1900
Listed By:
Sina Bandarriggi
(281) 919-3004
Source:
Garygreene
Added: Apr 23
Changed: Oct 25
Last Checked: Oct 24 at 3:07PM
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 Bayou Properties Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2025, this gated residential property offers three bedrooms and two full baths plus a half bath. Its layout combines the living room and kitchen, with a kitchen island and a primary bedroom with an attached bath. The exterior is finished with Hardie plank siding, and the property includes an attached one-car garage.
The home is on a corner lot in Houston, with access to major highways and proximity to downtown, restaurants, shopping, and entertainment.
The home is on a corner lot in Houston, with access to major highways and proximity to downtown, restaurants, shopping, and entertainment.
Key Highlights
- 2025 construction
- Three bedrooms, two full baths, and one half bath
- Gated property on a corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,994
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,880
$339.9K
Cap Rate 7%
$242,771
$242.8K
Cap Rate 9%
$188,822
$188.8K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$32.9K $21.96/SF
− Vacancy
−$2.0K −$1.36/SF
EGI
$30.9K $20.60/SF
− OpEx
−$13.9K −$9.27/SF
NOI
$17.0K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,880
Cap Rate 7%
$242,771
Cap Rate 9%
$188,822
Alternative Uses
Best Use
Apartment 5plus
$242.8K
$212.4K – $283.2K
NOI $16,994 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$385.7K
$337.5K – $450.0K
NOI $27,000 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
366
Businesses Nearby
Explore this area
Business Placement
Demographics for 77028, TX
18,701
Population
7,102
Households
2.6
Avg Household Size
35
Median Age
8%
College-Educated
69%
High-School Grad
9.1 sq mi
ZIP Area
2,055
Density / Sq Mi
$36,244
Median Household Income
$28,099
Median Earnings
$1,115
Median Rent
$108,200
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The home has three bedrooms, two full baths, a half bath, and an attached one-car garage.
Where is this residential income property located?
The property is located at 7117 Springdale Street B Houston, TX.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 2025 construction; Three bedrooms, two full baths, and one half bath; Gated property on a corner lot
