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Owner Contacts

$827,000

1051 Lehman St, Houston, TX, 77018

Off Market

4 Beds

2 Bath

2,223 Sq Ft

Single Family Residence

$368.42 / sqft

Built in 1966

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

Exterior

Lot Size7,841 sqft

Building Information

Year Built1966

Stories1

Garage Spaces2

Land Information

APN0973580000007

Lot Number7

SubdivisionCandlelight Plaza

Land UseResidential

Legal DescriptionLT 7 BLK 8 CANDLELIGHT PLAZA SEC 1

Census Tract530900

Assessed Land Value$319,831

Assessed Improvement Value$415,166

Assessment Year2025

About this property

One of a kind opportunity to purchase a fully remodeled 4 bedroom 2.5 bath home WITH additional study in highly desirable Candlelight Plaza. Recent upgrades include new roof(2024), new hvac system(2024), new electrical(2024), new windows(2024), new PEX plumbing in walls and ceilings including new underslab plumbing(2024), new job built custom cabinets in kitchen and all baths(2024), new Calcutta quartz countertops in kitchen/baths/fireplace(2024), new stainless steel appliances(2024), new doors/baseboards/trim(2024), all new bathrooms(2024), new wide plank white oak engineered floors(2024), new tankless water heater(2024), new high end carpet in secondary bedrooms(2024), new leaded glass front door(2024). Work permitted through the City of Houston. Hurry, won’t last long!

Investor Tools

$827,000

Estimated Property Value

$0Estimated Mortgage Balance

$827,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$4,962 /month

Positive

Cash Flow Estimate:

$1,654 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$484/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,669

$734,997

2025

$319,831

$415,166

$734,997

Tax History

Year

Tax Paid

Assessed Value

2024

$1,669

$734,997

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$867,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

N/A

+$1,722/mo

2.5%

Learn About the Market: Opportunity in Houston

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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.

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