3-Unit
For Sale
$275,000
7525 Canal Street, Houston, TX 77012
Three-unit residential property near Houston’s Texas Medical Center, University of Houston, and Downtown.
Property Size2,209 SF
Price / SF$124.49
Days on Market164
Property Features for 7525 Canal Street
General Information
Standard status
Active
Size
2,209 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,171
Amenities
No
2
Appraiser
Yes
9375
2209
Building Details
Building Size
2,209 SF
Year Built
1935
Stories
1
Listing Agency:
House & Land Company
(713) 965-0812
Listed By:
Sheri Malone
(713) 825-6182
Source:
Garygreene
Added: May 4
Changed: Oct 13
Last Checked: Oct 12 at 6:23PM
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 House & Land Company
Investment Insights
Based on property information with market context.
This three-unit residential property contains 2209 square feet and was built in 1935. Its triplex configuration provides three separate residential units within one property, offering an established multifamily format in Houston.
The property is located at 7525 Canal St in Houston, Texas 77012. It is approximately 15–20 minutes from the Texas Medical Center, University of Houston, and Downtown Houston, placing the property within convenient reach of three major local destinations.
The property is located at 7525 Canal St in Houston, Texas 77012. It is approximately 15–20 minutes from the Texas Medical Center, University of Houston, and Downtown Houston, placing the property within convenient reach of three major local destinations.
Key Highlights
- Three‑unit triplex configuration
- 2209 square feet of property size
- Built in 1935
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,026
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,520
$500.5K
Cap Rate 7%
$357,514
$357.5K
Cap Rate 9%
$278,067
$278.1K
Market Conditions
NOI Build-Up for 2,209 SF
Gross rent
$48.5K $21.96/SF
− Vacancy
−$3.0K −$1.36/SF
EGI
$45.5K $20.60/SF
− OpEx
−$20.5K −$9.27/SF
NOI
$25.0K $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%
$500,520
Cap Rate 7%
$357,514
Cap Rate 9%
$278,067
Alternative Uses
Best Use
Multifamily LT 5
$413.3K
$361.7K – $482.2K
NOI $28,933 @ 7.0% cap · market cap 10.52%
Second Best
Apartment 5plus
$357.5K
$312.8K – $417.1K
NOI $25,026 @ 7.0% cap · market cap 9.10%
Theoretical Best
Office A
$568.0K
$497.0K – $662.7K
NOI $39,762 @ 7.0% cap · market cap 14.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
714
Businesses Nearby
Explore this area
Business Placement
Demographics for 77012, TX
18,397
Population
6,867
Households
2.7
Avg Household Size
33
Median Age
10%
College-Educated
59%
High-School Grad
3.9 sq mi
ZIP Area
4,717
Density / Sq Mi
$48,287
Median Household Income
$34,012
Median Earnings
$944
Median Rent
$127,400
Median Home Value
Check the figures for this property
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 - Three-unit residential property near Houston’s Texas Medical Center, University of Houston, and Downtown.
Where is this triplex located?
The property is located at 7525 Canal Street Houston, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Three‑unit triplex configuration; 2209 square feet of property size; Built in 1935
