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$153,065

NAL Estimated Property Value

1700 Washington St, Commerce, TX, 75428

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,476 Sq Ft
price_per_sqft$115.18 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
AppliancesElectric Range, Microwave
FlooringCarpet, Vinyl

Exterior

Lot Size19,341 sqft

Building Information

Year Built1980
Stories1
Roof Type112

Land Information

APN4380-0360-1110-31
Lot Number10-11
SubdivisionOrig Town Of Commerce
Land UseResidential
Legal DescriptionS4380 ORIG TOWN OF COMMERCE BLK 36A LOT 10-11 ACRES .444
Census Tract960600
Assessed Land Value$49,510
Assessed Improvement Value$104,710
Assessment Year2025

About this property

ZONED A2 – ALLOWS FOR BUSINESS, MULTIFAMILY, OR SINGLE-FAMILY USE! USE THE CURRENT BUILDING FOR RESIDENTIAL OR OFFICE AND BUILD A DUPLEX NEXT DOOR FOR INCOME! Presenting a versatile property in Commerce, TX, situated on .45 acres across two combined city lots. This charming 2-bedroom, 1-bathroom home offers two spacious living areas, an open-concept kitchen with a center island, and a large utility room equipped with a washer, dryer, and extensive storage space for freezers or overflow wardrobe needs. The A2 zoning designation allows for a range of uses, including business, multifamily development, or single-family construction, making this an exceptional opportunity for investors, developers, or homeowners looking for flexibility. The home provides ample asphalt parking, partial fencing, and mature trees, and is conveniently located just minutes from downtown Commerce, Texas A&M-Commerce, and city parks. Included with the property: Kitchen refrigerator, washer, dryer, and a large television in the main living area. Don't miss this incredible opportunity—schedule a private tour today!

Investor Tools

Property Icon
$153,065
Estimated Property Value
$23,760Estimated Mortgage Balance
$129,305Estimated Equity
84% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,020 /month
Positive
Cash Flow Estimate:
$340 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$216/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,832
$153,065
2025
$49,510
$104,710
$154,220
Yes (2022)

Tax History

Year
Tax Paid
Assessed Value
2024
$1,832
$153,065

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cypress Bank Ssb
Commercial
$42,000
No
First
Dec 5, 2008
Dec 2023

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$23,760
$129,305
84%
16%
$252/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Commerce

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1700 Washington St | Property Details | No Agent List