$490,000

Estimated payment $3,187/month

Total Views 5,962
2 Beds
1 Bath
2,280 Sq Ft
$215 Price per Sq Ft

About This Home

This remodeled triplex offers an exceptional investment opportunity with three 2-bedroom, 1-bathroom units, each featuring a spacious living room, a kitchen with a gas range and refrigerator, and washer/dryer connections. Conveniently located just 3 minutes from the University of Houston and Texas Southern University, 8 minutes from downtown, and with easy access to highways 59, 288, and 45, this property is situated in a high-demand area experiencing active gentrification. The neighborhood boasts new developments, including three recent builds on the same street. The property’s gated yard adds security and appeal, and units rent quickly, typically within a week. With two washer and dryer sets included and proximity to the Texas Medical Center, this triplex offers excellent cash flow potential. Don’t miss your chance to own an income-producing property in this thriving location!

Listing Agent

Alexis Skeen

Levitate Real Estate License #0749814 Listed on: 12/28/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,182

Year Built

  • Built in 1965

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 2,280 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Blackshear Elementary School
  • Cullen Middle School
  • Yates High School

Additional Features

  • 4,000 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 3 Units
  • Forest Home Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,182

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Directions: One block off Alabama st
  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Building Stories: 1
  • Year Built: 1965
  • Subdivision Name: Forest Home
  • Unit Levels: One
  • New Construction: No
  • Property Sub Type Additional: Triplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 2280.0

Exterior Features

  • Disclosures: Seller Disclosure
  • Roof: Composition

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Schools

  • Elementary School: BLACKSHEAR ELEMENTARY SCHOOL (HOUSTON)
  • Junior High Dist: 27 - Houston
  • High School: YATES HIGH SCHOOL
  • Middle Or Junior School: CULLEN MIDDLE SCHOOL (HOUSTON)

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 7182.0

Multi Family

  • Number Of Units Total: 3

Map

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $5,578 $334,684 $136,000 $198,684
2023 $5,578 $362,847 $120,000 $242,847
2022 $6,292 $271,581 $88,000 $183,581
2021 $4,661 $200,000 $68,000 $132,000
2020 $3,856 $152,000 $68,000 $84,000
2019 $3,704 $140,000 $56,000 $84,000
2018 $3,543 $140,000 $56,000 $84,000
2017 $3,569 $135,000 $44,000 $91,000
2016 $3,569 $135,000 $44,000 $91,000
2015 $2,352 $152,310 $33,000 $119,310
2014 $2,352 $91,492 $33,000 $58,492
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2024 12/28/24 For Sale $490,000 0.0% $215 / Sq Ft
12/12/2024 12/12/24 Off Market $1,100 -- --
11/05/2024 11/05/24 For Rent $1,100 +10.0% --
07/01/2024 07/01/24 For Rent $1,000 -- --
Source: Houston Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed -- None Listed On Document
Deed -- Infinity Title Company
Warranty Deed -- Infinity Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Special Warranty Deed -- None Available
Trustee Deed $101,000 None Available
Interfamily Deed Transfer -- Fidelity National Title
Vendors Lien -- American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $376,348 New Conventional
Closed $376,348 New Conventional
Previous Owner $376,348 FHA
Previous Owner $127,500 Purchase Money Mortgage
Previous Owner $16,800 Construction
Source: Public Records

Source: Houston Association of REALTORS®

MLS Number: 70448792

Houston Association of REALTORS®

APN: 0530270000006