Furnished Triplex with Rear
For Sale
$649,900
A-c-1907 Hailey St, Houston, TX 77020
Three furnished units feature contemporary interiors and are currently operated as short-term rentals.
Property Size3,000 SF
Price / SF$216.63
Days on Market201
Property Features for A-c-1907 Hailey St
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Midtown
Public Transit
Yes
Units
Unit Mix
3 x 2BR/2.5BA
Multifamily Units
3
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$1,294
Listing Agency:
Brooks & Davis Real Estate
(713) 665-8329
Listed By:
Andre Beraud · License #0667248
(832) 524-4526
Source:
Exprealty
Added: Apr 20
Changed: Oct 31
Last Checked: Nov 4 at 1:42PM
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 Brooks & Davis Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,000-square-foot triplex is arranged with a detached single-family residence at the front and a separate duplex behind it. All three units are furnished and currently operated as short-term rentals. Each residence includes 2 bedrooms and 2.5 bathrooms, along with open kitchen and living areas. Interior finishes include quartz countertops with waterfall edges, stainless steel appliances, contemporary lighting, and wide-plank flooring.
The property is in Houston, minutes from the East End and Downtown. Nearby context includes dining, local breweries, and major transit hubs, providing access to established urban amenities and transportation connections.
The property is in Houston, minutes from the East End and Downtown. Nearby context includes dining, local breweries, and major transit hubs, providing access to established urban amenities and transportation connections.
Key Highlights
- 3,000‑square‑foot triplex with a front standalone residence and separate rear duplex
- Three furnished units currently operating as short‑term rentals
- Each unit includes 2 bedrooms and 2.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,293
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$785,860
$785.9K
Cap Rate 7%
$561,329
$561.3K
Cap Rate 9%
$436,589
$436.6K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$59.4K $19.80/SF
− Vacancy
−$3.3K −$1.09/SF
EGI
$56.1K $18.71/SF
− OpEx
−$16.8K −$5.61/SF
NOI
$39.3K $13.10/SF
Area
Houston, TX
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$785,860
Cap Rate 7%
$561,329
Cap Rate 9%
$436,589
Alternative Uses
Best Use
Multifamily LT 5
$561.3K
$491.2K – $654.9K
NOI $39,293 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$485.5K
$424.8K – $566.5K
NOI $33,987 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$771.4K
$675.0K – $900.0K
NOI $54,000 @ 7.0% cap · market cap 8.31%
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
4,111
Businesses Nearby
Explore this area
Business Placement
Demographics for 77020, TX
24,846
Population
10,054
Households
2.5
Avg Household Size
35
Median Age
13%
College-Educated
65%
High-School Grad
7.8 sq mi
ZIP Area
3,185
Density / Sq Mi
$49,481
Median Household Income
$32,573
Median Earnings
$942
Median Rent
$133,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three furnished units feature contemporary interiors and are currently operated as short-term rentals.
Where is this triplex located?
The property is located at A-c-1907 Hailey St Houston, TX.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 3,000‑square‑foot triplex with a front standalone residence and separate rear duplex; Three furnished units currently operating as short‑term rentals; Each unit includes 2 bedrooms and 2.5 bathrooms
