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$372,000

1447 Heights Blvd Apt 223, Houston, TX, 77008

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths581 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$2.11 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher
FlooringTile, Wood

Exterior

Exterior FeaturesCourtyard

Building Information

Year Built1960

Land Information

APN1293440000013
Land UseResidential
Legal DescriptionUNIT 223 .0429 INT COMMON LAND & ELE MELROSE PARK CONDO 1ST AMEND
Census Tract511302
Assessed Land Value$34,822
Assessed Improvement Value$148,453
Assessment Year2025

About this property

1-Bedroom/1-Bathroom Condo Rental in the heart of the Heights. On the 2nd floor (of 2-story complex) with 1 assigned parking space, with fitness center, outdoor common Courtyard with Community Grills. Water/sewer and trash included. Bedroom has en suite Laundry and Bathroom. Kitchen has granite counter tops, stainless steel appliances (double-door fridge, dishwasher, microwave/oven), black glass stove top, large island with electricity and overhang for bar stools. Front door faces North. Right on the Heights walking trail. Available now.

Investor Tools

Property Icon
$372,000
Estimated Property Value
$0Estimated Mortgage Balance
$372,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,232 /month
Positive
Cash Flow Estimate:
$744 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$503/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,173
$183,275
2025
$34,822
$148,453
$183,275
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,173
$183,275

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$233,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
N/A
+$1,420/mo
4.6%

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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1447 Heights Blvd Apt 223 | Property Details | No Agent List