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$866,000

NAL Estimated Property Value

1117 Nicholson St, Houston, TX, 77008

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,124 Sq Ft
price_per_sqft$395.01 / sqft
Year BuiltBuilt in 2012

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Oven, Microwave, Gas Range, Dishwasher
FlooringTile, Wood

Exterior

Exterior FeaturesOutdoor Kitchen
Lot Size3,176 sqft

Building Information

Year Built2012
Garage Spaces2

Land Information

APN1330070010001
Lot Number1
Land UseResidential
Legal DescriptionLT 1 BLK 1 HEIGHTS HOME BUILDER AT HERKIMER
Census Tract511301
Assessed Land Value$285,750
Assessed Improvement Value$521,635
Assessment Year2025

About this property

Beautiful, well-maintained New Orleans-style home complete with wrought iron fencing, railings, and gas lamp! Perfectly situated on the Heights Hike & Bike Trail and around the corner from some of the Heights most popular restaurants, you'll love the ability to be out the door and on your way. With 3 bedrooms plus a private study in the main house and the flexibility of an additional 400+ square foot garage apartment (2,544 total living square footage), the options are endless. Features include natural hardwoods throughout the home and apartment, 10' ceilings on the main level with 9" crown molding, a stunning island kitchen with butler's pantry, gas log fireplace, built-in living room speakers, paneled wainscoting in the entry and dining room, private balcony off the primary suite overlooking Nicholson and the Trail, and four private parking spaces (2 in garage, 2 on driveway). Relax or entertain in the reclaimed brick courtyard and enjoy the sounds of the concrete fountain.

Investor Tools

Property Icon
$866,000
Estimated Property Value
$724,699Estimated Mortgage Balance
$141,301Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,196 /month
Positive
Cash Flow Estimate:
$1,732 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,410/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,595
$807,385
2025
$285,750
$521,635
$807,385
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,595
$807,385

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Certified Funding Lp
Stand Alone Second / Subordinate Position
$149,850
No
First
Aug 24, 2022
Aug 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$724,699
$130,301
15%
84%
$4,672/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$4,672/mo
$-2,442/mo
3.1%

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.

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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1117 Nicholson St | Property Details | No Agent List