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Days145Days on Market
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$359,900

1602 Luzon St, Houston, TX, 77009

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,348 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$266.99 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Convection Oven, Electric Oven, Microwave, Electric Range, Dishwasher, Cooktop
FlooringLaminate

Exterior

Lot Size5,001 sqft

Building Information

Year Built1970
Stories1

Land Information

APN0310050000001
Lot Number1
SubdivisionRyon
Land UseResidential
Legal DescriptionLT 1 BLK 5 RYON
Census Tract210400
Assessed Land Value$195,000
Assessed Improvement Value$113,225
Assessment Year2025

About this property

Welcome to this beautifully remodeled retreat in Houston’s historic Northside Village, just minutes from Downtown Houston, The Heights, White Oak Music Hall, Daikin Park, Discovery Green, and some of the city’s best dining, entertainment, and sporting venues. Thoughtfully updated with modern finishes and an open-concept layout, this 3-bedroom, 2-bath home offers the perfect blend of style, comfort, and functionality. The true showstopper is the incredible outdoor living experience, featuring expansive decks, multiple entertainment spaces, covered dining areas, a relaxing hot tub, and a cozy fire pit—creating your own private retreat in the heart of the city. Currently operating as a highly rated Airbnb, this turnkey property offers immediate income potential while also serving as an exceptional primary residence or second home. Whether you’re searching for your forever home, a weekend retreat, or your next investment, this one is ready to impress.

Investor Tools

Property Icon
$356,000
Estimated Property Value
$239,200Estimated Mortgage Balance
$123,915Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,159 /month
Positive
Cash Flow Estimate:
$720 /month

Interested in this property?

Carmen McElhaney

Premier Haus Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$673/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,295
$308,225
2025
$195,000
$113,225
$308,225
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,295
$308,225

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ocmbc Inc
Conventional
$239,200
No
First
Nov 13, 2024
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$232,818
$123,182
34%
65%
$1,435/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,435/mo
+$287/mo
5.8%

Learn About the Market: Opportunity in Houston

Local Market Pages
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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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1602 Luzon St | Property Details | No Agent List