2824 Dalton St
Houston, TX 77017
A 4-plex near Hobby Airport with three units under lease through 2027 — and Unit #3 delivered vacant and move-in ready, so an FHA buyer can live in one unit and let the other three help pay the mortgage.
Call us here!
Unit #3 is available
The one thing an FHA buyer needs in a 4-plex is a unit they can actually move into. Here it is.
Live in Unit #3. Let the other three units help pay the mortgage.
Unit #3 is now available and ready to be occupied. It's a 2 bedroom / 1 bath unit with granite countertops, updated flooring, fresh paint, and its own private entrance — no renovation to do, no tenant to wait on, no turnover to manage. You get the keys and you move in.
That matters because FHA financing requires you to live in one of the units. With Unit #3 delivered vacant, this property qualifies for 3.5% down — roughly $13,965 on a $399,000 purchase — instead of the 20–25% down a pure investment purchase would demand.
Meanwhile, Units #1, #2 and #4 stay leased and paying. Three of the four units are under fixed terms through 2027, so the rent doesn't stop while you settle in.
Net of the rent your tenants pay, your estimated out-of-pocket housing cost is roughly $261 per month in year one — for a home you own, in a building that also owns three income streams.
All figures are estimates for illustration only. Rents, payment, taxes, insurance, rate and terms are subject to lender approval, your credit profile, and independent verification. This is not a loan commitment or a guarantee of income.
Four doors, one address, one smart move
2824 Dalton St is a 4-plex just minutes from Hobby Airport — four separate 2 bedroom / 1 bath units on a single 5,887 sq ft lot, 3,120 total square feet of living space, and four rent checks instead of one.
Each unit has been updated with granite countertops, modern cabinetry, updated flooring, fresh paint, and a private entrance. The heavy items have already been handled: water lines replaced, recent A/C units and water heaters, and the property has passed habitability inspections.
Three of the four units are leased on fixed terms running through 2027, which means the income is already in place and documented before you ever take the keys. Unit #3 is the one that's open — and that's exactly the piece an owner-occupant buyer needs.
This is the property I'd point to for someone who wants their first home and their first investment to be the same decision. You move into Unit #3, your neighbors' rent covers most of the payment, and every month you're building equity in a building that produces income instead of just consuming it.
The area is steady rental demand — close to Hobby, close to work, close to the Loop. It's in Flood Zone X, so no flood insurance is required, and there's no HOA.
Unit #3 is available now. Let's walk it together before someone else does.
What each door is doing
Four units, each 2 bedroom / 1 bath. Three leased, one available.
| Unit | Layout | Monthly Rent | Lease Status | Notes |
|---|---|---|---|---|
| Unit 1 | 2 bed / 1 bath | $1,010 | Leased through 4/30/2027 | Fully remodeled |
| Unit 2 | 2 bed / 1 bath | $1,010 | Leased through 3/31/2027 | Occupied & paying |
| Unit 3 | 2 bed / 1 bath | $1,010 market rent | Available now | Move-in ready — ideal for an FHA owner-occupant |
| Unit 4 | 2 bed / 1 bath | $949 | Leased through 4/30/2027 | Occupied & paying |
In-place rent from Units 1, 2 and 4 is $2,969 / month ($35,628 / year). With Unit #3 also leased at market, gross scheduled rent is $3,979 / month ($47,748 / year). Rents and lease terms sourced from the listing — buyer to verify all leases, deposits and estoppels during the option period.
Listing & financial information
Listing Information
Financial Information
All financial figures are estimates provided for illustration and must be independently verified. NOI, cap rate and payment estimates depend on actual rents, vacancy, taxes, insurance, rate and lender terms. Not a loan commitment.
Take a look inside
Click any photo to view it full screen. Use the arrow keys to browse, Esc to close.
What makes this 4-plex work
Inside Each Unit
- 2 bedrooms / 1 bathroom layout
- Granite countertops
- Modern cabinetry
- Updated flooring — wood, tile & LVP
- Fresh paint throughout
- Gas ovens
- Gas water heaters
- Private entry per unit
Building & Systems
- Water lines replaced
- Recent A/C units
- Recent water heaters
- Passed habitability inspections
- Composition shingle roof
- No reported foundation issues
- City water, sewer & trash
- CenterPoint gas service
Investment & Area
- Unit #3 delivered vacant — FHA eligible
- 3 units leased through 2027
- $47,748 gross scheduled rent
- ~6.9% estimated cap rate
- No HOA
- Flood Zone X — no flood insurance required
- Minutes from Hobby Airport
- Steady southeast Houston rental demand
Financing & pre-approval
With Unit #3 available, this 4-plex opens up to owner-occupant financing — and that changes everything about what you need to bring to the table.
Most people assume a 4-unit building requires a large investor down payment. It doesn't — as long as you live in one of the units. That's why Unit #3 being available matters so much, and it's the first thing we'll walk you through.
Get Pre-Approved
- FHA 3.5% down — approx. $13,965
- Promotional structure: 4.99% year 1, then 5.99% years 2–30
- $5,000 seller credit included
- Lenders can count a portion of the leased units' rent as qualifying income
- We'll connect you with our preferred lender
Schedule a Private Showing
- Walk Unit #3 — the one you'd live in
- Review the leases and rent roll for Units 1, 2 & 4
- See the recent A/C, water heater & plumbing work
- Bring your questions — bring your lender too
Make an Offer with JSG
- We structure the offer around the vacant unit delivery
- Option period to verify leases, estoppels & deposits
- Inspection and lender coordination handled for you
- Clear timeline from contract to keys
Why buy this one with J Signature Group
Because a 4-plex is a different transaction than a house — and it should be handled like one.
- We know how to structure an FHA owner-occupant purchase on a multi-family property, including the vacant-unit delivery language.
- We review the rent roll, leases and estoppels with you so you know exactly what income you're actually buying.
- We work with lenders who understand 2–4 unit financing and won't waste your option period figuring it out.
- Bilingual team — English and Spanish, start to close.
Book your private tour
Pick a time that works for you and one of our agents will meet you at the property to walk Unit #3.
Prefer to talk first? Call or text us at +1 (832) 924-2724 or message us on WhatsApp.
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.
