2706 ISABELLA ST Houston, TX 77004
Well-located triplex in Houston's Midtown/Third Ward with income potential.
Property Features for 2706 ISABELLA ST
General Information
- Standard status
- Active
- Size
- 3,202 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1930
Listing office The Sears Group
Listing date May 16, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of The Sears Group
Investment Insights
Based on property information with market context.
Key Highlights
- Prime location at the intersection of Midtown & Third Ward, near Downtown, Texas Medical Center, and major universities.
- Triplex with stable income potential and the possibility to add a fourth studio apartment unit (subject to verification).
- Ideal for investors seeking cash flow and future value‑add expansion.
Local Financial Insights For Multifamily LT 5
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 | $63.4k | $19.80 |
| − Vacancy | −$3.5k | −$1.09 |
| EGI | $59.9k | $18.71 |
| − OpEx | −$18.0k | −$5.61 |
| NOI | $41.9k | $13.10 |
