Multifamily Investment Property
For Sale
$215,000
3717 Dawson Ln, Houston, TX 77051
Three freestanding units, great investment property with tenants.
Property Size690 SF
Days on Market220
Property Features for 3717 Dawson Ln
General Information
Standard status
Active
Size
690 SF
Property subtype
Investment
Lease Term
Month-to-month
Site & Location
Neighborhood
Sunnyside
Taxes and HOA fees
Annual Taxes
$3,168
Building Details
Building Size
690 SF
Year Built
1955
Stories
1
Units
1
Listing Agency:
Bailey Banks & Goldrich LLC
Listed By:
Michael Jones · License #0470181
(713) 409-6758
Source:
Elliman
Added: Apr 1
Changed: Nov 1
Last Checked: Nov 4 at 2:05PM
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 Bailey Banks & Goldrich LLC
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.
This is an investment property featuring three freestanding units. The property is located at the intersection of Scott Street and Dawson Lane. The location has a bike score of 53, indicating it is bikeable. The walk score is 60, suggesting it is somewhat walkable. The transit score is 45, indicating some transit options are available. The property is currently tenant-occupied.
Key Highlights
- Investment property with existing tenants
- Three free‑standing units
- Located at Scott and Dawson St.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,817
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$156,340
$156.3K
Cap Rate 7%
$111,671
$111.7K
Cap Rate 9%
$86,856
$86.9K
Market Conditions
NOI Build-Up for 690 SF
Gross rent
$15.2K $21.96/SF
− Vacancy
−$939 −$1.36/SF
EGI
$14.2K $20.60/SF
− OpEx
−$6.4K −$9.27/SF
NOI
$7.8K $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%
$156,340
Cap Rate 7%
$111,671
Cap Rate 9%
$86,856
Alternative Uses
Best Use
Apartment 5plus
$111.7K
$97.7K – $130.3K
NOI $7,817 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$177.4K
$155.3K – $207.0K
NOI $12,420 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
Explore this area
Business Placement
Demographics for 77051, TX
18,323
Population
7,453
Households
2.5
Avg Household Size
34
Median Age
15%
College-Educated
78%
High-School Grad
7.4 sq mi
ZIP Area
2,476
Density / Sq Mi
$40,030
Median Household Income
$31,914
Median Earnings
$1,332
Median Rent
$171,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Three freestanding units, great investment property with tenants.
Where is this multifamily property located?
The property is located at 3717 Dawson Ln Houston, TX.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Investment property with existing tenants; Three free‑standing units; Located at Scott and Dawson St.
