Houston Triplex Multifamily Investment
2706 ISABELLA ST, Houston, TX 77004
Well-located triplex in Houston's Midtown/Third Ward with income potential.
Type:Multifamily
Property size:
3,202 SFPrice / SF:
$171/SF- Added:
- May 16, 2026
- Days on Market:
- 14
- Last Refresh:
- May 16 at 8:52 pm
Property Features for 2706 ISABELLA ST
General Information
- Standard status
- Active
- Size
- 3,202 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1930
Listing agent Sabika Jafri License #670598
Listing office The Sears Group
Listing date May 16, 2026
Source Crexi
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 The Sears Group
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.
- Suitable for owner‑occupants looking to offset ownership costs with rental income.
- Easy access to US‑59, I‑45, and I‑288.
- Zoned for residential or mixed‑use with no HOA fees, suitable for short‑term or long‑term rentals.
Overview
This triplex is a multifamily investment opportunity located in Houston's Midtown and Third Ward area. The property features three separate residential units with income potential. There is potential to add a fourth studio apartment unit, subject to buyer verification, zoning, and permits. The property is suited for investors seeking cash flow with future value-add expansion, as well as owner-occupants looking to offset ownership costs with rental income. Situated near the intersection of Midtown and Third Ward, the property is located minutes from Downtown, the Texas Medical Center, and major universities. It offers access to US-59, I-45, and I-288, and is surrounded by new development. The property is zoned for residential or mixed-use use and has no HOA fees. It is an infill opportunity for short-term or long-term rentals. The property size is 3202 square feet.
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 |
3,202 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$599.1K
$524.2K – $699.0K
NOI $41,939 @ 7.0% cap · market cap 7.63%
Second Best
Apartment 5plus
$518.2K
$453.5K – $604.6K
NOI $36,276 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$823.4K
$720.5K – $960.6K
NOI $57,636 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Luxe Health Retreat/BnB/Home ...
Alternative Medicine Practice
Luxe health Retreat
Home Health Care Service
Lymphatic Massage Houston
Alternative Medicine Practice
The Body Shack HTX
Spa & Massage Center
Luxe Health BnB
Cosmetic Store
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Fort Bend
- State
- Texas
- Longitude
- -95.3662615
- Latitude
- 29.7275569
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Well-located triplex in Houston's Midtown/Third Ward with income potential.
Where is this triplex located?
The property is located at 2706 ISABELLA ST Houston, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 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.
