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$958,547

NAL Estimated Property Value

1612 Kipling Street, Houston, TX, 77006

Off MarketInfo
CommercialInfo
Beds1 Beds
Baths1 Bath
Baths4,672 Sq Ft
Multi FamilyMulti Family
price_per_sqft$277.18 / sqft
Year BuiltBuilt in 1930

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
AppliancesRange, Dishwasher, Refrigerator
FlooringTile, Wood

Exterior

Exterior FeaturesPrivate Entrance, Balcony
Lot Size6,930 sqft

Building Information

Year Built1930
Garage Spaces3

Land Information

APN0522250000013
Lot Number13
SubdivisionMandell Place
Land UseCommercial
Legal DescriptionLT 13 BLK 5 MANDELL PLACE
Census Tract410802
Assessed Land Value$727,650
Assessed Improvement Value$230,897
Assessment Year2025

About this property

Charming 1930's 4-Plex with 2 garage apartments located in Mandell Place. The 4-Plex consist of four 1 bed, 1 bath apartments with original hardwood floors, central ac, ceiling fans, 2" blinds on windows, dishwasher, stacked washer/dryer and granite countertops. Two of the apartments with updated showers. Four private enclosed garage parking spots. Garage apartments consist of a 1 bedroom with central ac, stacked washer/dryer and the other garage apartment is an studio/efficiency with new mini-split ac and room for a washer/dryer. New roofs on main building and garage. This versatile property offers many options from investment opportunity to generational living. Amazing well maintained rare find property with 6 apartments on large lot in the highly sought after Mandell Place. Great location and convenient to Common Bond, Brazil and Empire Cafe. Seller is a licensed real estate broker in Texas.

Investor Tools

Property Icon
$958,547
Estimated Property Value
$171,645Estimated Mortgage Balance
$786,902Estimated Equity
82% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,770 /month
Positive
Cash Flow Estimate:
$2,590 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,056/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$19,875
$958,547
2025
$727,650
$230,897
$958,547
No

Tax History

Year
Tax Paid
Assessed Value
2024
$19,875
$958,547

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
John Culver
Seller Carryback / Seller Financing / Seller Take-Back
$320,000
No
First
Feb 29, 2008
Feb 2015

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$171,645
$786,902
82%
18%
$1,919/mo

City: Houston

1612 Kipling Street | Property Details | No Agent List