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$817,000

NAL Estimated Property Value

1537 Alexander St, Houston, TX, 77008

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths2,022 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$408.01 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher, Refrigerator
FlooringWood

Exterior

Exterior FeaturesBalcony
Lot Size3,637 sqft

Building Information

Year Built2003
Stories2
Garage Spaces3

Land Information

APN0391120000336
Lot Number320
SubdivisionHouston Heights Annex Amend 2
Land UseResidential
Legal DescriptionLT 320 HOUSTON HEIGHTS ANNEX AMEND 2
Census Tract511301
Assessed Land Value$327,240
Assessed Improvement Value$426,169
Assessment Year2025

About this property

This Heights home features three bedrooms, two and a half baths, with comfortable first-floor living. The main level connects a welcoming living room with fireplace to a formal dining space, creating an easy flow for daily living and entertaining. The kitchen is bright and functional with granite countertops, white cabinetry, stainless steel appliances, and a bay window breakfast nook. Upstairs, a loft-style study leads to a spacious primary suite with a private balcony, an updated bath with separate shower and garden tub, and two large walk-in closets. Recent improvements include a new roof, HVAC systems, water heaters, Trex decking and stairs, and fresh interior paint. The detached garage apartment is ideal as a guest suite or mother-in-law quarters and offers wood floors, a full bath, and a kitchenette. Additional highlights include extra parking, an automatic driveway gate, and a generous deck, all just minutes from Heights dining, shopping, and trails.

Investor Tools

Property Icon
$817,000
Estimated Property Value
$516,325Estimated Mortgage Balance
$300,675Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,950 /month
Positive
Cash Flow Estimate:
$1,650 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,310/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,638
$753,409
2025
$327,240
$426,169
$753,409
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,638
$753,409

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Movement Mortgage
Conventional
$440,000
No
First
Oct 29, 2019
Nov 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$516,325
$300,675
36%
63%
$3,539/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$3,539/mo
$-1,309/mo
3.3%

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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1537 Alexander St | Property Details | No Agent List