Triplex with Rear Leasing
For Sale
$299,900
7431 Moline Street, Houston, TX 77087
Triplex features a fenced yard, wood flooring in several rooms, gas cooking, and unfinished bonus space.
Property Size2,278 SF
Price / SF$131.65
Days on Market123
Property Features for 7431 Moline Street
General Information
Standard status
Active
Size
2,278 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$5,002
Amenities
Yes
2
4
Appraiser
8396
2278
Building Details
Building Size
2,278 SF
Year Built
1944
Stories
2
Listing Agency:
Ferris Realty
(281) 486-1900
Listed By:
Maddie Ellis
(337) 488-4738
Source:
Garygreene
Added: May 11
Changed: Sep 9
Last Checked: Sep 10 at 6:57AM
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 Ferris Realty
Investment Insights
Based on property information with market context.
This triplex property includes a 4-bedroom, 2-bath residence with multiple living areas, spacious bedrooms, and wood flooring in several rooms. The kitchen offers plenty of cabinet storage and gas cooking, along with room to customize. The home also includes several unfinished and bonus areas that can serve as storage, workshop space, or hobby areas.
Additional opportunity comes from a third unit located behind the duplex, which can be leased. The property sits on a lot with a fenced yard and provides convenient access to downtown, major highways, shopping, and dining, supporting flexible use for an owner or investor.
Overall, the layout provides a mix of finished living space and additional unfinished areas, making it well-suited for buyers seeking room to renovate and reconfigure within the existing footprint.
Additional opportunity comes from a third unit located behind the duplex, which can be leased. The property sits on a lot with a fenced yard and provides convenient access to downtown, major highways, shopping, and dining, supporting flexible use for an owner or investor.
Overall, the layout provides a mix of finished living space and additional unfinished areas, making it well-suited for buyers seeking room to renovate and reconfigure within the existing footprint.
Key Highlights
- Triplex with 4 bedrooms and 2 bathrooms (total baths: 2) and multiple living areas.
- Total living area is 2,278 sq ft with wood flooring in several rooms.
- Kitchen offers gas cooking and plenty of cabinet storage.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,808
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$516,160
$516.2K
Cap Rate 7%
$368,686
$368.7K
Cap Rate 9%
$286,756
$286.8K
Market Conditions
NOI Build-Up for 2,278 SF
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.
Gross rent
$50.0K $21.96/SF
− Vacancy
−$3.1K −$1.36/SF
EGI
$46.9K $20.60/SF
− OpEx
−$21.1K −$9.27/SF
NOI
$25.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$516,160
Cap Rate 7%
$368,686
Cap Rate 9%
$286,756
Alternative Uses
Best Use
Multifamily LT 5
$426.2K
$373.0K – $497.3K
NOI $29,837 @ 7.0% cap · market cap 9.95%
Second Best
Apartment 5plus
$368.7K
$322.6K – $430.1K
NOI $25,808 @ 7.0% cap · market cap 8.61%
Theoretical Best
Office A
$585.8K
$512.6K – $683.4K
NOI $41,004 @ 7.0% cap · market cap 13.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
696
Businesses Nearby
Explore this area
Business Placement
Demographics for 77087, TX
34,654
Population
12,400
Households
2.8
Avg Household Size
35
Median Age
12%
College-Educated
63%
High-School Grad
6.6 sq mi
ZIP Area
5,251
Density / Sq Mi
$53,624
Median Household Income
$32,927
Median Earnings
$1,015
Median Rent
$148,400
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 - Triplex features a fenced yard, wood flooring in several rooms, gas cooking, and unfinished bonus space.
Where is this triplex located?
The property is located at 7431 Moline Street Houston, TX.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Triplex with 4 bedrooms and 2 bathrooms (total baths: 2) and multiple living areas.; Total living area is 2,278 sq ft with wood flooring in several rooms.; Kitchen offers gas cooking and plenty of cabinet storage.
