1511 Scharpe St Houston, TX 77023
Eastwood NeighborhoodEstimated payment $3,191/month
Highlights
- Central Heating and Cooling System
- Cage Elementary School Rated 9+
- 1-Story Property
About This Home
Exceptional investment opportunity in a rapidly growing neighborhood near Downtown Houston! This well-maintained fourplex offers unbeatable versatility just minutes from the University of Houston, NRG Stadium, the Houston Zoo, the Texas Medical Center, and other major attractions. Ideal for both investors and first-time homebuyers, the property allows you to live in one unit while renting out the other three—perfect for house hacking or generating passive income. The location is highly desirable for short-term rentals, with easy access to major highways, public transit, and employment centers. With strong rental potential and proximity to key destinations, this fourplex is a smart addition to any portfolio. Don’t miss your chance to own in one of Houston’s most promising areas!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,384
Year Built
- Built in 1935
Lot Details
- 6,250 Sq Ft Lot
Home Design
- Quadruplex
- Composition Roof
Interior Spaces
- 1 Bedroom
- 1,585 Sq Ft Home
- 1-Story Property
Schools
- Cage Elementary School
- Navarro Middle School
- Austin High School
Utilities
- Central Heating and Cooling System
- Heating System Uses Gas
Community Details
- 4 Units
- Broadmoor Add Subdivision
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,957 | $284,678 | $156,250 | $128,428 |
| 2023 | $5,957 | $284,678 | $156,250 | $128,428 |
| 2022 | $5,529 | $235,088 | $156,250 | $78,838 |
| 2021 | $3,962 | $170,000 | $93,750 | $76,250 |
| 2020 | $4,703 | $182,900 | $93,750 | $89,150 |
| 2019 | $4,557 | $170,000 | $93,750 | $76,250 |
| 2018 | $3,644 | $144,020 | $62,500 | $81,520 |
| 2017 | $3,858 | $144,020 | $62,500 | $81,520 |
| 2016 | $3,858 | $144,020 | $62,500 | $81,520 |
| 2015 | -- | $137,634 | $62,500 | $75,134 |
| 2014 | -- | $130,420 | $37,500 | $92,920 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2025 07/31/25 | For Sale | $499,000 | +30.2% | $315 / Sq Ft |
| 04/26/2024 04/26/24 | Sold | -- | -- | -- |
| 03/27/2024 03/27/24 | Pending | -- | -- | -- |
| 03/20/2024 03/20/24 | For Sale | $383,145 | +28.1% | $242 / Sq Ft |
| 03/30/2022 03/30/22 | Sold | -- | -- | -- |
| 02/24/2022 02/24/22 | Pending | -- | -- | -- |
| 02/04/2022 02/04/22 | For Sale | $299,000 | -- | $189 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Great American Title | |
| Deed | -- | None Listed On Document | |
| Trustee Deed | $103,500 | None Available | |
| Special Warranty Deed | -- | None Available | |
| Trustee Deed | $119,674 | None Available | |
| Vendors Lien | -- | Fidelity National Title | |
| Warranty Deed | -- | Texas American Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $273,750 | New Conventional | |
| Previous Owner | $348,600 | New Conventional | |
| Previous Owner | $225,000 | New Conventional | |
| Previous Owner | $82,600 | New Conventional | |
| Previous Owner | $96,750 | Unknown | |
| Previous Owner | $110,400 | Purchase Money Mortgage | |
| Previous Owner | $27,600 | Stand Alone Second | |
| Previous Owner | $75,900 | No Value Available |
Source: Houston Association of REALTORS®
MLS Number: 65077253
APN: 0542490000021
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