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$279,999

121 E 32nd Street, Houston, TX, 77018

PendingInfo
Beds2 Beds
Baths1 Bath
Baths946 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$295.98 / sqft
Year BuiltBuilt in 1937

Property Lead Type:

High EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size5,001 sqft

Building Information

Year Built1937
Stories1
Garage Spaces1

Land Information

APN0360880000022
Lot Number22,23
SubdivisionUrban Heights
Land UseResidential
Legal DescriptionLTS 22 & 23 BLK 2 URBAN HEIGHTS
Census Tract530300
Assessed Land Value$140,000
Assessed Improvement Value$42,718
Assessment Year2025

About this property

Welcome to 121 E 32nd Street, located in the highly sought-after Independence Heights area of North Houston! This prime property sits in a rapidly developing pocket surrounded by new construction, modern townhomes, and beautifully revitalized homes. Whether you're looking to renovate, rebuild, or hold as an investment, this lot offers incredible potential in one of Houston’s fastest-growing neighborhoods. The home is in older, original condition and priced primarily for lot and location value, giving buyers or investors a rare opportunity to create their vision from the ground up. Enjoy quick access to major freeways including I-45 & 610, plus close proximity to The Heights, Downtown, and Houston's most popular dining and retail destinations. This is an excellent opportunity for builders, investors, or buyers seeking a project in a booming area.

Investor Tools

$0Estimated Mortgage Balance
$277,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,680 /month
Positive
Cash Flow Estimate:
$560 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$430/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,775
$182,718
2025
$140,000
$42,718
$182,718
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,775
$182,718

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$277,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
N/A
+$1,722/mo
7.5%

City: Houston

121 E 32nd Street | Property Details | No Agent List