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$1,023,000

NAL Estimated Property Value

1243 1/2 Ashland Street, Houston, TX, 77008

Off MarketInfo
LeaseInfo
Baths1 Bath
Baths600 Sq Ft
ApartmentApartment
price_per_sqft$2.33 / sqft
Year BuiltBuilt in 1993

Highlights

Interior

Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Electric Range, Dryer, Washer/Dryer Stacked, Washer
FlooringTile, Vinyl

Exterior

Lot Size6,599 sqft

Building Information

Year Built1993
Garage Spaces2

Land Information

APN0201770000001
Lot Number1
SubdivisionHouston Heights
Land UseResidential
Legal DescriptionLT 1 & TR 2A BLK 181 HOUSTON HEIGHTS
Census Tract511301
Assessed Land Value$594,000
Assessed Improvement Value$428,300
Assessment Year2025

About this property

Simply can't beat this location! New floors 2025 - no more carpet! Situated on the corner of Ashland and 13th Street in the Houston Heights, this garage apartment offers a private parking space and entrance, beautiful garden view and all appliances along with water, gas, electric and trash are included! Whole-home generator covers garage apartment, never worry about losing power. Walkable to shopping, dining and the Heights hike & bike trail. Contact us for a showing today!

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,228/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,622
$1,022,300
2025
$594,000
$428,300
$1,022,300
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,622
$1,022,300

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Adelo Mortgage Inc
Conventional
$385,000
No
First
Nov 18, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$344,126
$678,874
66%
34%
$2,309/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$2,309/mo
$-79/mo
2.6%

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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1243 1/2 Ashland Street | Property Details | No Agent List