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$591,000

NAL Estimated Property Value

1428 Lawrence St, Houston, TX, 77008

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,660 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.17 / sqft
Year BuiltBuilt in 1946

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
AppliancesDisposal, Gas Oven, Microwave, Gas Cooktop, Dishwasher
FlooringTerrazzo

Exterior

Lot Size2,500 sqft

Building Information

Year Built1946
Garage Spaces2

Land Information

APN0391230000840
Lot Number840
SubdivisionHouston Heights Annex
Land UseResidential
Legal DescriptionLT 840 HOUSTON HEIGHTS ANNEX
Census Tract511301
Assessed Land Value$237,500
Assessed Improvement Value$52,728
Assessment Year2025

About this property

Most unique post-war bungalow in hottest part of Heights! Shepherd is exploding with new restaurants and bars. The home features two spaces separated by a huge, outdoor deck; fantastic for entertaining. The back portion is a full home with one bedrm, one full bath and kitchen. The front area is a huge multi-purpose room with a full bath. Ideal for 1-2 tenants or someone who just needs a separate workspace. Totally remodeled, one block from Nichelson hike/bike trail & walking distance to 19th st. WE ARE VERY PET FRIENDLY! THIS IS A FANTASTIC PROPERTY IF YOU HAVE PETS WHO NEED INDOOR/OUTDOOR SPACE WITHOUT FEAR THAT THEY MAY RUN OUT ONTO THE STREET. ALL EXTERIOR SPACE IS ENCLOSED. NO PET DEPOSIT! PROPERTY MOVE IN READY!

Investor Tools

Property Icon
$591,000
Estimated Property Value
$361,205Estimated Mortgage Balance
$229,795Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,546 /month
Positive
Cash Flow Estimate:
$1,182 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$609/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,352
$290,228
2025
$237,500
$52,728
$290,228
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,352
$290,228

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Post Oak Bank Na
Commercial
$450,000
No
First
Dec 27, 2016
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$361,205
$286,795
44%
61%
$2,698/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,690/mo
$2,698/mo
$-1,008/mo
3.4%

Learn About the Market: Opportunity in Houston

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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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1428 Lawrence St | Property Details | No Agent List