3938 King St Houston, TX 77026
Trinity-Houston Gardens NeighborhoodEstimated payment $4,545/month
Total Views
4,589
2
Beds
1
Bath
6,300
Sq Ft
$121
Price per Sq Ft
About This Home
Investor's Dream! Turnkey Property with Immediate Cash Flow A rare opportunity to own a 7-unit multifamily property that is fully occupied, with each unit currently rented for $1,100 per month and significant potential for rent increases this summer. This low-maintenance, high-yield investment offers turnkey convenience and a prime location for continued growth. Property Highlights:A+ Rehab Completed in 2017: All units gutted down to the studs and renovated with quality finishes.Modern Upgrades: New double-pane low-E windows, updated sheetrock, flooring, and doors. Permitted by the City of Houston.Unit Details: Each 2-bedroom, 1-bath unit includes stainless/black appliances, granite countertops, refrigerator, dishwasher, microwave, garbage disposal, and stackable washer/dryer.Individual Utilities: Each unit is individually metered for electricity and water. Ample Land: Enough space to build 3 additional units, expanding income potential further.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,507
Year Built
- Built in 1948
Home Design
- Composition Roof
Interior Spaces
- 6,300 Sq Ft Home
- 1-Story Property
Kitchen
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Schools
- Kashmere Gardens Elementary School
- Key Middle School
- Kashmere High School
Utilities
- Central Heating and Cooling System
Community Details
- 7 Units
- Wilshire Place Subdivision
Map
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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 | $4,507 | $215,400 | $42,785 | $172,615 |
| 2023 | $4,507 | $184,869 | $35,006 | $149,863 |
| 2022 | $1,872 | $85,000 | $23,337 | $61,663 |
| 2021 | $2,037 | $87,405 | $23,337 | $64,068 |
| 2020 | $1,828 | $75,477 | $15,558 | $59,919 |
| 2019 | $1,576 | $62,269 | $12,835 | $49,434 |
| 2018 | $1,385 | $54,718 | $12,835 | $41,883 |
| 2017 | $1,384 | $54,718 | $12,835 | $41,883 |
| 2016 | $1,316 | $52,062 | $11,669 | $40,393 |
| 2015 | $875 | $34,055 | $14,358 | $19,697 |
| 2014 | $875 | $34,055 | $14,358 | $19,697 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/16/2025 06/16/25 | For Sale | $765,000 | 0.0% | $121 / Sq Ft |
| 10/26/2024 10/26/24 | Rented | $1,100 | 0.0% | -- |
| 09/25/2024 09/25/24 | Under Contract | -- | -- | -- |
| 09/05/2024 09/05/24 | For Rent | $1,100 | 0.0% | -- |
| 07/05/2024 07/05/24 | Rented | $1,100 | 0.0% | -- |
| 06/30/2024 06/30/24 | Under Contract | -- | -- | -- |
| 05/08/2024 05/08/24 | For Rent | $1,100 | 0.0% | -- |
| 05/15/2023 05/15/23 | Rented | $1,100 | 0.0% | -- |
| 04/28/2023 04/28/23 | Under Contract | -- | -- | -- |
| 03/16/2023 03/16/23 | For Rent | $1,100 | -- | -- |
Source: Houston Association of REALTORS®
Similar Homes in Houston, TX
Source: Houston Association of REALTORS®
MLS Number: 38076416
APN: 0670750090269
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