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$643,000

NAL Estimated Property Value

1501 Noble St # 5, Houston, TX, 77009

Off MarketInfo
CommercialInfo
Beds4 Beds
Baths2 Bath
Baths2,028 Sq Ft
Multi FamilyMulti Family
price_per_sqft$320.51 / sqft
Year BuiltBuilt in 1935

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating

Exterior

Lot Size5,001 sqft

Building Information

Year Built1935
Stories1
Garage Spaces2

Land Information

APN0230110000001
Lot Number1
SubdivisionLittle & Dickinson
Land UseResidential
Legal DescriptionLT 1 BLK 32 LITTLE & DICKINSON
Census Tract212300
Assessed Land Value$195,000
Assessed Improvement Value$70,132
Assessment Year2025

About this property

Discover breathtaking downtown skyline views from this prime location near Sherman Elementary School. 1501 Noble Street features five units spread across three buildings, offering incredible investment potential. With a motivated seller welcoming all offers, the property boasts a 5.4% cap rate and significant development opportunities. Conveniently located near major freeways, the University of Houston, Downtown Houston, and the Galleria, this historic 1935 home is a rare find. It's perfect for investors seeking a lucrative opportunity in a thriving area with new developments on the rise.

Investor Tools

Property Icon
$643,000
Estimated Property Value
$0Estimated Mortgage Balance
$643,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,900 /month
Positive
Cash Flow Estimate:
$1,300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$428/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,921
$265,132
2025
$195,000
$70,132
$265,132
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,921
$265,132

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$643,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
N/A
+$2,226/mo
4.2%

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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1501 Noble St # 5 | Property Details | No Agent List