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$726,000

1403 Summer St, Houston, TX, 77007

Off MarketInfo
Beds6 Beds
Baths2 Bath
Baths824 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$969.66 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 1Bathrooms Full 1
HeatingHeating

Exterior

Lot Size10,001 sqft

Building Information

Year Built1965

Land Information

APN1467880010001
Lot Number1
Land UseResidential Single Family
Legal DescriptionLT 1 BLK 1 SALINAS LANDING
Census Tract510100
Assessed Land Value$650,000
Assessed Improvement Value$25,000
Assessment Year2025

About this property

Prime 10,000 Sq Ft Lot with Stunning Downtown Views in Houston, TX Rare opportunity to own a 10,000 sq ft lot in the heart of Houston with an unbeatable view of Downtown Houston! This unique property currently features two single-family homes, but the true value lies in the land and its endless potential. With ample space and an ideal location, this lot is perfect for new construction—whether you envision multiple single-family homes, modern townhomes, or a luxury custom build, the possibilities are endless. Enjoy the convenience of being just minutes from Houston’s best dining, shopping, entertainment, and major freeways, all while capturing the beauty of the downtown skyline from your doorstep. Don’t miss out on this exceptional development opportunity in one of Houston’s most desirable areas!

Investor Tools

Property Icon
$726,000
Estimated Property Value
$0Estimated Mortgage Balance
$726,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,794 /month
Positive
Cash Flow Estimate:
$1,598 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,445/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,707
$675,000
2025
$650,000
$25,000
$675,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,707
$675,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$735,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
N/A
+$2,580/mo
4.3%

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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1403 Summer St | Property Details | No Agent List