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$380,000

1310 Lorraine St, Houston, TX, 77009

$462,817 ARVInfo
On MarketInfo
CommercialInfo
Beds5 Beds
Baths1 Bath
Baths4,066 Sq Ft
price_per_sqft$93.46 / sqft
Year BuiltBuilt in 1945

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Half 1Bathrooms Half 1
Heating RadiantHeating Radiant
CoolingCooling
FlooringLaminate, Tile

Exterior

Exterior FeaturesBalcony
Lot Size4,648 sqft

Building Information

Year Built1945
Stories2

Land Information

APN0090500000001
Lot Number1,2
SubdivisionCascara
Land UseCommercial
Legal DescriptionLTS 1 & 2 BLK 8 CASCARA
Census Tract212300
Assessed Land Value$174,375
Assessed Improvement Value$257,328
Assessment Year2025

About this property

Attention all Real Estate Entrepreneurs looking for your next MULTI-FAMILY PROJECT! Unlock its potential for great CASHFLOW! JUST 2 MILES FROM DOWNTOWN HOUSTON and a short walk to the Metro Rail/Bus Station, This property is strategically positioned to capitalize on the thriving rental market. This Craftsman-built 2 story structure is 4066 sf. The 1st floor features 5 bedrooms, huge living/dining rooms, kitchen, laundry room, and one full bath. Upstairs has a separate entrance and the 6 rental units share 2 bathrooms with showers, a kitchen, and a big balcony. Keep it as is for immediate cashflow, house hack, or let your imagination be your guide. Redevelop it into 2 to 4 luxury rental units or take advantage of the 1000s of residential neighbors by making it a mixed use retail below and rental above. Close to great restaurants, entertainment, and everything downtown including quick access to all the major highways to get you where you need to go. Make your appointment today.

Investor Tools

$0Estimated Mortgage Balance
$431,703Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$462,817
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,590 /month
Positive
Cash Flow Estimate:
$863 /month

Interested in this property?

Gregg Engle

RE/MAX Signature

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$902/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,662
$431,703
2025
$174,375
$257,328
$431,703
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,662
$431,703

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$431,703
100%
0%
$0/mo

City: Houston