3315 Nettleton St
Houston, TX 77004
Francis Townhomes Portfolio · Multifamily Property For Sale

INVESTMENT OVERVIEW
Francis Townhomes at 3311 & 3315 Nettleton Street represents a rare opportunity to acquire two brand-new 2025 construction income-producing properties in a single bulk transaction inside Houston's 610 Loop. Both properties are delivered vacant at closing with zero deferred maintenance, zero lease encumbrances, and immediate lease-up potential. Combined asking price: $875,000 for both addresses.
PROPERTY SUMMARY
3311 Nettleton Street — 4 bed / 4 bath, 1,969 SF. Features a fully independent ground-floor apartment with private entrance, separate living space, and full kitchen plus a spacious upper 3-bedroom, 3-bath residence with walk-out balconies and downtown Houston skyline views.
3315 Nettleton Street — 4 bed / 4 bath, 1,969 SF. Identical layout featuring independent ground-floor apartment with private entrance plus upper 3-bedroom, 3-bath residence with walk-out balconies and downtown views.
Both properties are professionally staged, move-in ready, and available for immediate occupancy or lease-up upon closing.
INCOME POTENTIAL
Each property contains two independently rentable spaces — a ground floor apartment and a full upper residence — creating four total rentable units across the portfolio. Based on current market rents for comparable units in the 77004 zip code:
Ground floor apartments: $1,400/month per unit × 2 = $2,800/month
Upper residences: $1,800/month per unit × 2 = $3,600/month
Combined projected gross rent: $6,400/month / $76,800 annually
Estimated NOI (35% expense load): $49,920/year
Proforma Cap Rate: 5.7% — based on market rents, new construction, no rental history
Note: Both properties are currently vacant. All income figures are proforma projections based on current 77004 market rents for comparable new construction. No rental history exists. Investors are encouraged to perform their own independent underwriting.
LOCATION & DEMAND DRIVERS
Located in Houston's University Area within the 77004 zip code, these properties sit at the intersection of three of Houston's most powerful and sustained rental demand generators:
University of Houston — one of the largest universities in the United States with over 47,000 enrolled students and a continuous pipeline of student, faculty, and staff housing demand within walking and commuting distance of Nettleton Street.
Texas Southern University — adjacent campus with additional student and faculty housing demand reinforcing year-round rental absorption in the immediate area.
Texas Medical Center — the largest medical complex in the world employing over 106,000 people, with thousands of residents, fellows, nurses, and medical professionals seeking quality housing inside the Loop within reasonable commuting distance.
This demand trifecta creates one of Houston's most resilient rental corridors — vacancy rates remain structurally low regardless of broader market cycles because institutional enrollment and medical employment are largely recession-resistant.
PROPERTY HIGHLIGHTS
— Brand new 2025 construction — zero deferred maintenance, no capital expenditure expected in the near term
— Four independently rentable spaces across two buildings
— Independent ground-floor apartments with private entrances on each property — no shared access, no tenant conflict
— Walk-out balconies with downtown Houston skyline views on both upper residences
— Quartz countertops, luxury finishes, soaking tubs, walk-in showers, and walk-in closets throughout
— No HOA — no monthly fees, no association restrictions on leasing
— Newly cleared lot directly across the street — clean streetscape, unobstructed balcony views
— Inside the 610 Loop — strong long-term appreciation trajectory as inner-loop land becomes increasingly scarce
— FHA, VA, and conventional financing eligible for owner-occupant buyers — broad exit strategy options
IDEAL BUYER PROFILE
This offering is well suited for a small portfolio investor seeking turnkey new construction with immediate lease-up potential, a 1031 exchange buyer requiring a clean fee simple transaction with no lease complications, or an owner-occupant investor who intends to occupy one unit while leasing the remaining three spaces to offset carrying costs. The no-HOA structure and independent unit configurations provide maximum operational flexibility for any of these buyer profiles.
SALE CONDITIONS
Bulk/Portfolio sale — both properties (3311 and 3315 Nettleton Street) sold together as a single transaction. Fee simple sale. No tenants in place. No lease encumbrances. No REO. No short sale. No court approval required. Properties delivered vacant at closing. Seller is motivated and responsive. Clean title. Straightforward transaction — no complications anticipated.
INDIVIDUAL UNIT PRICING
For buyers who wish to acquire a single property rather than the full portfolio, each unit is also listed individually on HAR.com:
3311 Nettleton Street: $449,000
3315 Nettleton Street: $455,000
Combined package price of $875,000 represents a $29,000 discount to individual pricing — an immediate equity position for the portfolio buyer at closing.