$1,850,000

Estimated payment $11,023/month

Total Views 86
2 Beds
1 Bath
14,400 Sq Ft
$128 Price per Sq Ft

Highlights

  • 18,000 Sq Ft lot
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

Fully leased, 16 unit "Complex". Sixteen 900 sq ft small houses. All 2/1. Extensive capital improvements, including but not limited to- 2024 Roof, all but 3 units renovated, several new outdoor ac units. Tenants pay their utilities, fully leased and historically low vacancy rates. Owner self managed at the beginning during the value add but now has a property manager. Easy, well maintained, cash flowing property in the center of Houston.

Listing Agent

Edwin Tabora

Texas USA Realty License #0606168 Listed on: 08/18/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,299

Year Built

  • Built in 1973

Parking

  • Paved Parking

Home Design

  • Composition Roof

Interior Spaces

  • 14,400 Sq Ft Home
  • 1-Story Property
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Northline Elementary School
  • Fonville Middle School
  • Sam Houston Math Science And Technology Center High School

Additional Features

  • 0.41 Acre Lot
  • Central Heating and Cooling System

Community Details

Overview

  • 16 Units
  • Ellena Gardens Subdivision

Building Details

  • Operating Expense $71,273
  • Gross Income $229,000
  • Net Operating Income $157,727

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,299

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Directions: North on 45, East on Airline, North on Ellena
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Building Stories: 1
  • Year Built: 1973
  • Subdivision Name: Ellena Gardens
  • Unit Levels: One
  • New Construction: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Disposal, Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 14400.0

Exterior Features

  • Disclosures: Owner Is Listing Agent
  • Roof: Composition

Garage/Parking

  • Parking Features: Paved

Utilities

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

Schools

  • Elementary School: NORTHLINE ELEMENTARY SCHOOL
  • Junior High Dist: 27 - Houston
  • High School: SAM HOUSTON MATH SCIENCE AND TECHNOLOGY CENTER
  • Middle Or Junior School: FONVILLE MIDDLE SCHOOL

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 11299.0

Multi Family

  • Number Of Units Total: 16
  • Annual Gross Income: 229000.0
  • Property Net Operating Income: 157727.0
  • Annual Operating Expense: 71273.0

Map

Range of Values:

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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 $11,299 $540,000 $112,500 $427,500
2023 $11,299 $642,935 $112,500 $530,435
2022 $12,494 $450,000 $75,000 $375,000
2021 $8,528 $365,910 $75,000 $290,910
2020 $8,325 $343,784 $75,000 $268,784
2019 $9,353 $369,608 $75,000 $294,608
2018 $5,668 $224,008 $50,000 $174,008
2017 $5,664 $224,008 $50,000 $174,008
2016 $5,672 $224,316 $37,500 $186,816
2015 $5,551 $199,500 $37,500 $162,000
2014 $5,551 $215,940 $37,500 $178,440
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2025 08/18/25 For Sale $1,850,000 -- $128 / Sq Ft
Source: Houston Association of REALTORS®

Mortgage History

Date Status Loan Amount Loan Type
Closed $1,000,000 Purchase Money Mortgage
Closed $763,000 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

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Source: Houston Association of REALTORS®

MLS Number: 3305725

Houston Association of REALTORS®

APN: 0680350030006