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$975,000

1632 Kipling St, Houston, TX, 77006

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths3,920 Sq Ft
price_per_sqft$248.72 / sqft
Year BuiltBuilt in 1930

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
AppliancesRange, Disposal, Dishwasher, Refrigerator
FlooringConcrete, Tile, Wood, Hardwood

Exterior

Lot Size6,251 sqft

Building Information

Year Built1930
Garage Spaces1

Land Information

APN0522250000018
Lot Number18
SubdivisionMandell Place
Land UseResidential
Legal DescriptionLT 18 BLK 5 MANDELL PLACE
Census Tract410802
Assessed Land Value$750,000
Assessed Improvement Value$190,000
Assessment Year2025

About this property

Charming Montrose Duplex with a separate 2/2 apartment located on a desirable street in Montrose. Duplex is a rare side-by-side Duplex with oak floors throughout. Each unit is 2 bedroom/1.5 bathrooms with enclosed porch in front. Standalone Apartment has concrete floors downstairs, wood floors up with an overside deck. Amazing walkability! Just blocks from HEB plus dining and shopping galore. Deed restricted and zoned to great schools. Easy commute to Downtown, Medical Center and Memorial.

Investor Tools

$173,936Estimated Mortgage Balance
$766,064Estimated Equity
81% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,850 /month
Positive
Cash Flow Estimate:
$1,950 /month

Interested in this property?

John Prell

Creekview Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,951/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$18,709
$940,000
2025
$750,000
$190,000
$940,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$18,709
$940,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Financial Services Inc
Credit Line (Revolving) / Heloc
$249,000
No
First
May 2, 2013
Jun 2043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$173,936
$766,064
81%
19%
$1,493/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$1,493/mo
+$1,847/mo
4.3%

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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1632 Kipling St | Property Details | No Agent List