Triplex with Rear Leasing
7431 Moline Street Houston, TX 77087
For Sale
$299,900
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 Market77
Property Features for 7431 Moline Street
General Information
- Standard status
- Active
- Size
- 2,278 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1944
Listing Agency:
RE/MAX Opportunities
(337) 488-4738
Listed By:
Maddie Ellis
(337) 488-4738
Source:
Garygreene
Added: May 11
Changed: Jul 24
Last Checked: Jul 26 at 3:31AM
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 RE/MAX Opportunities
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 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 | $50.0k | $21.96 |
| − Vacancy | −$3.1k | −$1.36 |
| EGI | $46.9k | $20.60 |
| − OpEx | −$21.1k | −$9.27 |
| NOI | $25.8k | $11.33 |
2,278 SF · lease $21.96/SF/yr · vacancy 6.20% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
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.
