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B+
NoAgentList RatingHow are grades calculated? Info
Days135Days on Market
Views1view
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$325,000

1408 Edward Drive, South Houston, TX, 77587

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,998 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$162.66 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 2Bathrooms Half 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Free-Standing Range, Dishwasher

Exterior

Lot Size5,445 sqft

Building Information

Year Built1980
Stories2

Land Information

APN0915360000013
SubdivisionMerilyn Plaza
Land UseResidential
Legal DescriptionTR A BLK 4 W PT RES A MERILYN PLAZA SEC 2
Census Tract321500
Assessed Land Value$63,176
Assessed Improvement Value$216,860
Assessment Year2025

About this property

Check out this amazing duplex includes many updates recently done. All units are currently under a lease contract. Seller is selling an additional duplex building next door as well. This great investment features per unit 2 bedrooms 1.5 baths, updated floors, kitchen & bathrooms updated, a recent new roof, good size backyard with potential room to build another duplex behind the property. This property is at walking distance to the Elementary LF Smith school, surrounded by residential neighborhoods, close to Spencer Hwy, near grocery stores and a ton of shopping centers. This property is located minutes near HwyI-45 & Beltway 8 South. Great to convert it into short term rental Airbnb or long term rental as it's currently being rented. Current Rental contracts will have to be honored with the purchase. No showings unless an offer is received from the buyer.

Investor Tools

Property Icon
$322,000
Estimated Property Value
$0Estimated Mortgage Balance
$177,127Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,950 /month
Positive
Cash Flow Estimate:
$650 /month

Interested in this property?

Teresa Martinez

Keller Williams Houston Central

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$405/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,248
$280,036
2025
$63,176
$216,860
$280,036
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,248
$280,036

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Inc
Conventional
$159,250
No
First
Sep 30, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$144,873
$177,127
55%
45%
$955/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$955/mo
+$1,271/mo
8.3%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: South Houston

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1408 Edward Drive | Property Details | No Agent List