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$499,000

1017 W 15th 1/2 St, Houston, TX, 77008

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,295 Sq Ft
ApartmentApartment
price_per_sqft$2.05 / sqft
Year BuiltBuilt in 2004

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size3,149 sqft

Building Information

Year Built2004
Garage Spaces1

Land Information

APN1247900010005
Lot Number5
SubdivisionShady Park Cottages
Land UseResidential
Legal DescriptionLT 5 BLK 1 SHADY PARK COTTAGES
Census Tract511201
Assessed Land Value$173,305
Assessed Improvement Value$221,206
Assessment Year2025

About this property

Cute Craftsman-style 2-bedroom, 2.5 bath home in the heart of the Greater Heights. This two-storey home features inviting front and back porches and a fully fenced yard, rare for the area and perfect for relaxing or entertaining. Inside, enjoy an open living space with Brazilian cherry wood floors, an updated kitchen with granite coutertops and spacious bedrooms with en-suite baths. Washer, dryer and refrigerator included! Additional highlights include a 2-car detatched garage with EV charger and a prime location just minutes away from Heights shops, restaurants and the Heights Hike and Bike Trail, with easy access to 1-10, 610 and downtown Houston.

Investor Tools

Property Icon
$499,000
Estimated Property Value
$198,750Estimated Mortgage Balance
$319,936Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,994 /month
Positive
Cash Flow Estimate:
$998 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$676/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,616
$394,511
2025
$173,305
$221,206
$394,511
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,616
$394,511

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Swbc Mortgage Corp
Conventional
$198,750
No
First
Mar 18, 2021
Apr 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$179,064
$342,936
65%
36%
$1,192/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,690/mo
$1,192/mo
+$498/mo
4.1%

Learn About the Market: Opportunity in Houston

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Explore

Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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1017 W 15th 1/2 St | Property Details | No Agent List