J Signature Group Listing · For Sale
2824 Dalton St, Houston, TX 77017
Fully leased 4-plex near Hobby, three units on fixed terms through 2027.
Call us here!
Take a Closer Look
See it for yourself
Schedule a private showing with the J Signature Group team, or explore the photo gallery below. Have a walkthrough video? We can embed it right here.
Description
An income property that pays you back
Here is a rare chance to own a fully leased, income-producing 4-plex just minutes from Hobby Airport. Four separate 2-bed / 1-bath units sit on one lot, all four are occupied, and three of them are on fixed leases through 2027, so your cash flow starts the day you close and keeps going.
Each unit has been updated with granite countertops, modern cabinetry, stylish flooring, and fresh paint. Unit 1 was fully remodeled. Behind the walls, the big-ticket work is done: the entire water line from the city to the building was replaced and brought to code, the A/C units and water heaters are recent, and the property passed its habitability and occupancy inspections.
This is the perfect home for a smart first move: live in one unit with an FHA loan and rent the other three. Your tenants help carry the mortgage while you build equity, then move out later and rent all four. With no HOA and a Flood Zone X location (no flood insurance required), more of the income stays in your pocket.
Whether you are a first-time buyer who wants the house to pay for itself, or an investor adding steady cash flow, this is the kind of property that does the heavy lifting for you. Book your private showing today.
The Numbers That Matter
Why this works as an investment
These figures use the actual rents the tenants pay today, paired with the lender's promotional rate. Real numbers, no hype.
| Unit | Beds / Bath | Status | Current rent |
|---|---|---|---|
| Unit 1 | 2 / 1 | Leased through 4/30/2027 (fully remodeled) | $1,010 |
| Unit 2 | 2 / 1 | Leased through 3/31/2027 | $1,010 |
| Unit 3 | 2 / 1 | Occupied, month-to-month | $1,010 |
| Unit 4 | 2 / 1 | Leased through 4/30/2027 | $949 |
| Total monthly income (100% occupied) | $3,979 | ||
Live in one, rent three
- Move into one unit with an FHA loan at 3.5% down.
- The other three units bring in about $2,969 / month at today's rents.
- Your real out-of-pocket housing cost is roughly $260 to $320 / month in year 1, far below renting a 2-bedroom in the area (typically $1,200+).
- You build equity every month while your tenants help pay the loan.
Lender promotion
- 4.99% rate in year 1, then 5.99% for years 2 to 30.
- $5,000 seller credit already on the table toward the rate buydown.
- Estimated full payment: ~$3,290 / mo year 1, then ~$3,540 / mo.
- Room to grow: bringing rents to market (~$1,200 / unit) lifts income toward $57,600 / year.
Rate quote prepared May 20, 2026, for an FHA first-time homebuyer with a 700 credit score, 3.5% down, and household income below the Area Median Income (AMI). The 4.99% rate applies to year 1 only; 5.99% applies years 2 to 30, and the promotion requires a $5,000 seller concession toward a temporary buydown. Rents shown are current contractual rents (base rent plus utility reimbursement) per the owner's rent roll dated 05/27/2026 and are subject to verification. The trailing 12-month cap rate uses PM-reported net operating income of $39,526 (May 2025 to April 2026), adjusted for estimated property taxes and insurance not included in PM statements. All payments, taxes, insurance, vacancy, cap rate and expense figures are estimates for illustration only and are not a Loan Estimate or a commitment to lend. For 3-4 unit FHA loans, final approval depends on the appraiser's market-rent self-sufficiency analysis. Subject to underwriting, appraisal and credit approval. Equal Housing Opportunity.
Listing Information
The details
Financial Details
What you should know before buying
All figures are estimates for illustration only and depend on credit, down payment, taxes, insurance and lender approval. Rents are current contractual rents subject to verification. Talk to our preferred lender for a personalized quote.
Photo Gallery
Take a look inside
Unit Mix
Four units, four rent checks
Features
What makes this property work
Inside Each Unit
- Granite countertops & modern cabinetry
- Updated flooring: wood, tile & LVP
- Fresh interior paint
- New appliances in select units
- Unit 1 fully remodeled
- Private entries for each unit
- Shared laundry access
Building & Systems
- Water line from city to building replaced & brought to code (2024)
- Water heaters & A/C window units recent (within ~3 yrs)
- Passed habitability & occupancy inspections
- 4 gas water heaters · gas ovens
- No reported foundation issues
- Composition shingle roof
- City water, sewer & trash · CenterPoint gas
Investment & Area
- 100% occupied, income-producing
- 3 of 4 units on fixed leases through 2027
- No HOA
- Flood Zone X, no flood insurance required
- Minutes from Hobby Airport & I-45
- Steady rental demand area
- FHA house-hacking friendly
- Room to bring rents to market
Financing & Pre-Approval
Get pre-approved before you tour
Before you fall in love with the property, fall in love with the right loan. We'll connect you with a trusted lender who can pre-approve you fast, often within 24 to 48 hours, and walk you through the FHA "live in one, rent three" strategy step by step.
What you'll need
- Photo ID
- Last 2 pay stubs (or 12 months of bank statements if self-employed)
- Last 2 years of W-2s or tax returns
- Bank statements (last 2 months)
- Estimated down payment (FHA ≈ $14,350)
Good to know
- Plan for 2-3% of purchase price in closing costs
- No HOA on this property
- Estimated property tax: ~2.0924% of appraised value
- You must occupy one unit for FHA (then you can rent all four later)
- 3-4 unit FHA loans use a market-rent self-sufficiency check at appraisal
📞 Next steps
Two ways to get started
Talk to our preferred lender Free Pre-Approval
We work with lenders who specialize in first-time and Latino buyers, ITIN borrowers, and FHA house-hacking. Get a personalized pre-approval and the promo rate quote so you can shop with confidence, no obligation.
Connect Me With a Lender →Book a private showing Best Step Once Pre-Approved
Once you have a pre-approval (or even before, we can run them in parallel), book your private tour. We'll walk you through each unit, the rent roll, the area, and your offer strategy.
Schedule the Showing →Schedule Your Showing
Book your private tour
Pick the time that works best for you. Jhoana and the J Signature team will confirm your private tour of 2824 Dalton St right here, no need to leave this page.
Trouble viewing the calendar? Open the appointment page or call us at +1 (832) 924-2724.
Meet Our Team
J Signature Group
At J Signature Group, we are a full-service real estate team dedicated to helping you find your ideal home in Houston, Texas, and surrounding areas. Led by Jhoana Olarte, our agents combine years of industry experience, deep knowledge of the local market, and innovative digital marketing strategies to deliver exceptional results in every transaction.
Jhoana Olarte
Yulitzia Fuentes
David González
