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$599,000

1651 Hawthorne St, Houston, TX, 77006

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths1,288 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$465.06 / sqft
Year BuiltBuilt in 1925

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size5,301 sqft

Building Information

Year Built1925
Garage Spaces1

Land Information

APN0540520030008
Lot Number8
SubdivisionWest Mandell Place
Land UseResidential
Legal DescriptionLT 8 BLK 3 WEST MANDELL PLACE
Census Tract410802
Assessed Land Value$636,000
Assessed Improvement Value$7,628
Assessment Year2025

About this property

Investor or builder opportunity in the heart of Montrose! Situated in established Mandell Place, this 1925 bungalow offers a prime opportunity for its next chapter. The property is being sold as-is and is ideal for someone looking to renovate and reimagine the existing home or explore the potential for new construction. The existing home offers a traditional layout with original character, a detached garage, fenced yard, and inviting front porch. With new construction and redevelopment already present nearby, this property offers an exciting opportunity for investors, builders, or buyers with a vision. The real standout is the location, offering convenient access to the dining, shopping, entertainment, and amenities that make this area of Houston so desirable. Whether restoring, renovating, or starting fresh, bring your ideas and explore the possibilities this property has to offer.

Investor Tools

$229,195Estimated Mortgage Balance
$534,805Estimated Equity
70% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,584 /month
Positive
Cash Flow Estimate:
$1,528 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,010/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,295
$643,628
2025
$636,000
$7,628
$643,628
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,295
$643,628

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ntfn Inc
Conventional
$177,744
No
First
Aug 16, 2012
Sep 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$229,195
$534,805
70%
30%
$2,012/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$2,012/mo
$-52/mo
3.1%

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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1651 Hawthorne St | Property Details | No Agent List