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$550,000

118 Alma St, Houston, TX, 77009

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths1,176 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$467.69 / sqft
Year BuiltBuilt in 1920

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesFreestanding Oven, Free-Standing Range
FlooringWood

Exterior

Lot Size7,449 sqft

Building Information

Year Built1920
Garage Spaces2

Land Information

APN0641750000002
Lot Number2
SubdivisionBeltz
Land UseResidential
Legal DescriptionLT 2 & TR 1B BELTZ
Census Tract510301
Assessed Land Value$596,000
Assessed Improvement Value$74,863
Assessment Year2025

About this property

History, character and the vibrancy of inner-loop living come together in this special 1920 Heights home. Set beneath a magnificent canopy of mature trees, the property offers the kind of authentic charm that simply can’t be recreated. Original hardwood floors, soaring 10-foot ceilings, abundant natural light and an inviting front porch speak to the home’s century-old character, while the exceptionally large backyard offers endless possibilities. A detached garage includes an approximately 450-square-foot garage apartment, adding even more flexibility to the property. Ideally located just minutes from Downtown and the Heights’ celebrated dining, shopping and entertainment, and zoned to highly regarded Travis Elementary. This is a wonderful opportunity for someone with vision to restore and reimagine a true piece of Heights history. Located within the Heights Historic District. Estate sale; property is being sold AS-IS.

Investor Tools

$0Estimated Mortgage Balance
$670,863Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,025 /month
Positive
Cash Flow Estimate:
$1,342 /month

Interested in this property?

Star Massing

Compass RE Texas, LLC - The Heights

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$305/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$309
$670,863
2025
$596,000
$74,863
$670,863
No

Tax History

Year
Tax Paid
Assessed Value
2024
$309
$670,863

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$670,863
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
N/A
+$1,307/mo
2.3%

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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118 Alma St | Property Details | No Agent List