Mixed-Use Building with 27
For Sale
Contact for pricing
417 San Jacinto St, Houston, TX 77002
Mixed-use building with first-floor commercial tenants and 27 communal living apartment units on the 2nd and 3rd floors.
Property Size13,140 SF
Price / SF$140.72
Days on Market171
Property Features for 417 San Jacinto St
General Information
Standard status
Active
Size
13,140 SF
Property subtype
SPECIALTY
Additional Details
Highway Access
Yes
Multifamily Units
27
Building Details
Stories
3
Tenancy
Multi
Listing Agency:
Davis Commercial
(713) 528-9776
Listed By:
Mark Davis · License #409852
Source:
Moodyscre
Added: Feb 9
Changed: Jul 25
Last Checked: Jul 25 at 8:36PM
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 Davis Commercial
Investment Insights
Based on property information with market context.
This mixed-use building totals 13,140 SF and is currently configured with three commercial tenants on the first floor. The second and third floors have been converted into communal living apartments with 27 total units.
The property is described as minutes from local courthouses and Daikin Park, with easy access to I-45, Highway 5, and I-10. It is also designated as a City of Houston Protected Landmark.
The building is being offered as-is, with potential noted for conversion to office use.
The property is described as minutes from local courthouses and Daikin Park, with easy access to I-45, Highway 5, and I-10. It is also designated as a City of Houston Protected Landmark.
The building is being offered as-is, with potential noted for conversion to office use.
Key Highlights
- 13,140 SF mixed‑use building with 3 commercial tenants on the first floor
- 2nd and 3rd floors converted to communal living apartments with 27 total units
- Designated as a City of Houston protected landmark
Financial Insights For Apartment 5plus
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 | $288.6k | $21.96 |
| − Vacancy | −$17.9k | −$1.36 |
| EGI | $270.7k | $20.60 |
| − OpEx | −$121.8k | −$9.27 |
| NOI | $148.9k | $11.33 |
13,140 SF · lease $21.96/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Retail
$2.55M
$2.23M – $2.97M
NOI $178,173 @ 7.0% cap · market cap 9.64%
Second Best
Apartment 5plus
$2.13M
$1.86M – $2.48M
NOI $148,865 @ 7.0% cap · market cap 8.05%
Theoretical Best
Office A
$3.38M
$2.96M – $3.94M
NOI $236,520 @ 7.0% cap · market cap 12.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
27
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
11,132
Businesses Nearby
Explore this area
Business Placement
Demographics for 77002, TX
19,844
Population
8,960
Households
2.2
Avg Household Size
34
Median Age
37%
College-Educated
86%
High-School Grad
2.0 sq mi
ZIP Area
9,922
Density / Sq Mi
$85,436
Median Household Income
$54,755
Median Earnings
$1,860
Median Rent
$286,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Mixed-use building with first-floor commercial tenants and 27 communal living apartment units on the 2nd and 3rd floors.
Where is this apartment building located?
The property is located at 417 San Jacinto St Houston, TX.
What is the asking price?
The asking price for this property is $1,849,000.
What are key features of this property?
This property features: 13,140 SF mixed‑use building with 3 commercial tenants on the first floor; 2nd and 3rd floors converted to communal living apartments with 27 total units; Designated as a City of Houston protected landmark
