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$955,400

NAL Estimated Property Value

1635 W Alabama St, Houston, TX, 77006

Off MarketInfo
CommercialInfo
Beds3 Beds
Baths2 Bath
Baths3,074 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$317.18 / sqft
Year BuiltBuilt in 1925

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size7,919 sqft

Building Information

Year Built1925
Stories2

Land Information

APN0522590000009
Lot Number10
SubdivisionLancaster Place Extn
Land UseCommercial
Legal DescriptionLT 10 & TR 9 BLK 1 LANCASTER PLACE EXTN SEC 1
Census Tract410801
Assessed Land Value$950,400
Assessed Improvement Value$5,000
Assessment Year2025

About this property

Well appointed property in the heart of Lancaster Place. Walking distance to the Menil, restaurants, and cafes. Perfect opportunity for office space, residential, or commercial. Generous room sizes with loads of natural light and high period ceilings. Mature landscaping surrounds the property. Full parking lot in front and behind the building for plenty of spaces or building expansion. No showings of interior without purchasing credentials.

Investor Tools

Property Icon
$955,400
Estimated Property Value
$681,742Estimated Mortgage Balance
$273,658Estimated Equity
28% 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

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,917/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$18,231
$955,400
2025
$950,400
$5,000
$955,400
No

Tax History

Year
Tax Paid
Assessed Value
2024
$18,231
$955,400

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Citizens Bank & Trust Co
Purchase Money Mortgage
$743,750
No
First
Dec 21, 2021
Dec 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$681,742
$273,658
28%
71%
$4,460/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$4,460/mo
$-1,880/mo
3.2%

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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1635 W Alabama St | Property Details | No Agent List