7Days on Market

1view

$949,000

1657 Bonnie Brae Street, Houston, TX, 77006

$1,213,158 ARV

On Market

Just Added

Commercial

1 Beds

1 Bath

3,761 Sq Ft

Multi Family

$252.33 / sqft

Built in 1930

Highlights

Interior

Bedrooms 1

Bathrooms Full 4

Garage Available

Heating

Cooling

AppliancesRange

FlooringTile, Wood, Hardwood

Exterior

Lot Size5,998 sqft

Building Information

Year Built1930

Stories2

Garage Spaces2

Land Information

APN0392240050001

Lot Number1

SubdivisionCastle Court

Land UseResidential

Legal DescriptionLT 1 BLK 10 CASTLE COURT

Census Tract410900

Assessed Land Value$540,000

Assessed Improvement Value$239,400

Assessment Year2025

About this property

Welcome to 1657 Bonnie Brae! This opportunity-rich 4 plex is located in a highly desirable inner loop location off of Dunlavy between 69 & Richmond. This location supports tenant retention w/easy access to Downtown, the Medical Center, U of H, the Museum District, restaurants, pubs, shopping & everyday conveniences. Each 1-bedroom, 1-bathroom unit offers a spacious layout w/designated living & dining areas, hardwood floors, neutral finishes, mini splits for climate control, updated kitchens & bathrooms, & each w/its own personality & charm. Tenants will love the central laundry, impressive climate-controlled sunroom, outdoor spaces to relax & gather + off-street garage parking. They will enjoy easy access to Mandell, Menil & Dunlavy Parks + popular local hotspots like 93’ Til, Toasted Coconut, Southern Yankee Crafthouse & more. This property brings together location, lifestyle & investor appeal in one smart package.

Investor Tools

$414,600Estimated Mortgage Balance

$504,400Estimated Equity

54% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$1,213,158

Rent-to-Value Ratio: 0.72%

Rent Estimate

$5,694 /month

Positive

Cash Flow Estimate:

$1,898 /month

Interested in this property?

Shawn Manderscheid

eXp Realty LLC

Contact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,541/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$13,900

$779,400

2025

$540,000

$239,400

$779,400

Tax History

Year

Tax Paid

Assessed Value

2024

$13,900

$779,400

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Zb Na

Arm (Adjustable Rate Mortgage)

$492,450

First

Jul 9, 2018

Aug 2048

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$414,600

$504,400

54%

45%

$2,386/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$3,340/mo

$2,386/mo

+$954/mo

4.4%

Learn About the Market: Opportunity in Houston

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