Three-Unit Multifamily
New
For Sale
$639,000
9003 Prairie View Drive Unit A/B, Houston, TX 77088
The three residences share a consistent layout, each with three bedrooms and two-and-a-half bathrooms.
Property Size3,691 SF
Days on Market3
Property Features for 9003 Prairie View Drive Unit A/B
General Information
Standard status
Active
Size
3,691 SF
Property subtype
Multi Family,Triplex
Site & Location
Neighborhood
Acres Home
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,246
Building Details
Building Size
3,691 SF
Year Built
2021
Listing Agency:
World Famous Realty
Listed By:
Belinda Hernandez
(832) 584-6237
Source:
Livingvoguerealestate
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 4 at 2:26PM
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 World Famous Realty
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 2021, this multifamily property combines a duplex with a detached single-family home for a total of three units. Each residence has three bedrooms and two-and-a-half bathrooms, providing a consistent configuration across the property.
All three units are vacant and ready for occupancy, allowing a new owner to determine leasing and tenant arrangements.
All three units are vacant and ready for occupancy, allowing a new owner to determine leasing and tenant arrangements.
Key Highlights
- Three units: a duplex and a single‑family home
- Built in 2021
- Each unit has 3 bedrooms and 2.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,816
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$836,320
$836.3K
Cap Rate 7%
$597,371
$597.4K
Cap Rate 9%
$464,622
$464.6K
Market Conditions
NOI Build-Up for 3,691 SF
Gross rent
$81.1K $21.96/SF
− Vacancy
−$5.0K −$1.36/SF
EGI
$76.0K $20.60/SF
− OpEx
−$34.2K −$9.27/SF
NOI
$41.8K $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 Rate 5%
$836,320
Cap Rate 7%
$597,371
Cap Rate 9%
$464,622
Alternative Uses
Best Use
Apartment 5plus
$597.4K
$522.7K – $696.9K
NOI $41,816 @ 7.0% cap · market cap 6.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$949.1K
$830.5K – $1.11M
NOI $66,438 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
285
Businesses Nearby
Explore this area
Business Placement
Demographics for 77088, TX
54,320
Population
18,500
Households
2.9
Avg Household Size
35
Median Age
13%
College-Educated
72%
High-School Grad
11.1 sq mi
ZIP Area
4,894
Density / Sq Mi
$52,549
Median Household Income
$32,015
Median Earnings
$1,177
Median Rent
$173,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The three residences share a consistent layout, each with three bedrooms and two-and-a-half bathrooms.
Where is this multifamily property located?
The property is located at 9003 Prairie View Drive Unit A/B Houston, TX.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: Three units: a duplex and a single‑family home; Built in 2021; Each unit has 3 bedrooms and 2.5 bathrooms
