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$1,850,024

1641 Kipling St, Houston, TX, 77006

Off MarketInfo
CommercialInfo
Beds2 Beds
Baths2 Bath
Baths1,510 Sq Ft
Multi FamilyMulti Family
price_per_sqft$447.02 / sqft
Year BuiltBuilt in 1928

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 5Bathrooms Full 5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Disposal, Microwave, Dishwasher
FlooringTile, Wood, Hardwood

Exterior

Lot Size6,251 sqft

Building Information

Year Built2021
Stories1
Garage Spaces3

Land Information

APN0540540080001
Lot Number1
SubdivisionWest Mandell Place
Land UseResidential
Legal DescriptionLT 1 BLK 8 WEST MANDELL PLACE
Census Tract410802
Assessed Land Value$750,000
Assessed Improvement Value$1,100,024
Assessment Year2025

About this property

Location Location Location! Great opportunity to own a Duplex located in the heart of Montrose. The property sits in a very desirable neighborhood/street in West Mandell Place. Build new construction or update the current dwelling. This property offers an amazing shape and large size lot. The duplex units offer total 3 bedrooms 2 bathrooms, wood and tile flooring, spacious front and backyard, carport parking, and a fireplace. Short distance to Houston's well known restaurants and shopping. Walking distance to HEB. Minutes to Medical Center, Rice Village, and Downtown.

Investor Tools

Property Icon
$1,850,024
Estimated Property Value
$1,776,852Estimated Mortgage Balance
$203,201Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,100 /month
Positive
Cash Flow Estimate:
$3,700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,225/month
$25/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$29,456
$1,850,024
2025
$750,000
$1,100,024
$1,850,024
No

Tax History

Year
Tax Paid
Assessed Value
2024
$29,456
$1,850,024

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Citibank Na
Conventional
$1,776,852
No
First
Jun 17, 2022
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,646,823
$203,201
10%
89%
$10,654/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$10,679/mo
$-7,339/mo
2.2%

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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1641 Kipling St | Property Details | No Agent List