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$125,000

1406 E 31st Street, Houston, TX, 77022

On MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size3,180 sqft

Land Information

APN0130040070003
Lot Number3
SubdivisionEast Independence Heights
Land UseResidential
Legal DescriptionLT 3 BLK 7 EAST INDEPENDENCE HEIGHTS
Census Tract530300
Assessed Land Value$114,480
Assessment Year2025

About this property

Prime Development Opportunity in Independence Heights! This cleared and level 30' x 107' (3,210 sq. ft.) interior lot is ready for your vision. Located in the rapidly appreciating in Houston Texas 610 loop and I-45. The property features a rare 30-foot frontage, allowing for preferred side-by-side parking designs that smaller 20-foot lots cannot accommodate. Surrounded by high-end modern new construction, this lot is perfectly positioned for equity growth. Buyers will need to complete their own due diligence regarding platting and permitting, but with public utilities available at the street and no HOA, the potential here is limitless. Build your dream home or next investment project in one of Houston's fastest-appreciating neighborhoods!

Investor Tools

$0Estimated Mortgage Balance
$124,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$750 /month
Positive
Cash Flow Estimate:
$250 /month

Interested in this property?

Amin Dawood

Keller Williams Signature

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$211/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,916
$114,480
2025
$114,480
N/A
$114,480
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,916
$114,480

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$124,000
100%
0%
$0/mo

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.

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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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1406 E 31st Street | Property Details | No Agent List