Three-Story Residential Income
For Sale
$380,000
1304 Dart Street F, Houston, TX 77007
Tenant occupancy continues through 2027, offering an investor holding period and future residential use.
Property Size1,954 SF
Price / SF$194.47
Days on Market91
Property Features for 1304 Dart Street F
General Information
Standard status
Active
Size
1,954 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Washington Avenue Coalition / Memorial Park
Highway Access
Yes
Additional Details
Multifamily Units
1
Amenities
outdoor space
stainless steel appliances
Building Details
Year Built
2001
Stories
3
Tenancy
Single
Listing Agency:
Nan & Company Properties - Corporate Office (Heights)
Listed By:
Andrew Lin · License #0653842
(713) 653-3455
Source:
Doorstephomegroup
Added: Jul 27
Changed: Oct 25
Last Checked: Sep 29 at 12:50PM
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 Nan & Company Properties - Corporate Office (Heights)
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Investment Insights
Based on property information with market context.
This three-story residential income property at 1304 Dart Street F offers 1,954 square feet with three bedrooms and 3.5 bathrooms. The interior includes an open-concept living area, stainless steel appliances, and outdoor space, while downtown views add to the property’s setting. Built in 2001, the home combines a vertical layout with features suited to residential occupancy.
The property is currently tenant occupied through 2027 and may also serve a purchaser planning for a later move-in. Its Houston location provides access to dining and entertainment, as well as the Heights, Montrose, and Downtown. Major highway connections include I-10, 610, 45, and 59.
The property is currently tenant occupied through 2027 and may also serve a purchaser planning for a later move-in. Its Houston location provides access to dining and entertainment, as well as the Heights, Montrose, and Downtown. Major highway connections include I-10, 610, 45, and 59.
Key Highlights
- Tenant occupied through 2027
- 1,954‑square‑foot, three‑story residence
- Three bedrooms and 3.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,137
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,740
$442.7K
Cap Rate 7%
$316,243
$316.2K
Cap Rate 9%
$245,967
$246.0K
Market Conditions
NOI Build-Up for 1,954 SF
Gross rent
$42.9K $21.96/SF
− Vacancy
−$2.7K −$1.36/SF
EGI
$40.2K $20.60/SF
− OpEx
−$18.1K −$9.27/SF
NOI
$22.1K $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%
$442,740
Cap Rate 7%
$316,243
Cap Rate 9%
$245,967
Alternative Uses
Best Use
Apartment 5plus
$316.2K
$276.7K – $369.0K
NOI $22,137 @ 7.0% cap · market cap 5.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$502.5K
$439.7K – $586.2K
NOI $35,172 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,792
Businesses Nearby
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Business Placement
Demographics for 77007, TX
42,908
Population
26,281
Households
1.6
Avg Household Size
34
Median Age
80%
College-Educated
99%
High-School Grad
7.5 sq mi
ZIP Area
5,721
Density / Sq Mi
$140,878
Median Household Income
$92,408
Median Earnings
$1,951
Median Rent
$501,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Tenant occupancy continues through 2027, offering an investor holding period and future residential use.
Where is this residential income property located?
The property is located at 1304 Dart Street F Houston, TX.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Tenant occupied through 2027; 1,954‑square‑foot, three‑story residence; Three bedrooms and 3.5 bathrooms
