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$719,000

1755 Alta Vista St, Houston, TX, 77023

$934,700 ARVInfo
Off MarketInfo
CommercialInfo
Beds5 Beds
Baths5 Bath
Baths5,497 Sq Ft
Multi FamilyMulti Family
price_per_sqft$163.73 / sqft
Year BuiltBuilt in 2003

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size9,383 sqft

Building Information

Year Built1950
Garage Spaces1

Land Information

APN0141940000348
Lot Number348
SubdivisionForest Hill
Land UseResidential
Legal DescriptionLT 348 FOREST HILL
Census Tract311200
Assessed Land Value$150,889
Assessed Improvement Value$355,011
Assessment Year2025

About this property

Investor’s Opportunity with Endless Potential! This unique property offers two structures totaling 5,497 sq. ft., providing incredible flexibility for investors or families. It can be converted into 5 rentable units: Unit 1: 4 beds, 3 bath Unit 2: 3 beds, 1 bath Unit 3: 2 beds, 1 bath Unit 4: 2 beds, 1 bath Unit 5: 2 beds, 1 bath Located just 7 minutes from the University of Houston, the property is ideally positioned to generate strong rental income from students—whether as apartments or individual room rentals. Beyond investment potential, this is also an excellent fit for a multigenerational family. The space can be reimagined into 3 private units, creating the perfect setup to keep parents close while providing independence for grown children & grandchildren. Excellent location w/easy access to Hobby Airport, Mason Park, Golf Wortham Golf Course, Bayou Greenway hike and bike trails, Metro Rail, University of Houston, and Downtown. No HOA

Investor Tools

Property Icon
$719,000
Estimated Property Value
$363,000Estimated Mortgage Balance
$462,785Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$934,700
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,400 /month
Positive
Cash Flow Estimate:
$1,800 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$467/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,004
$505,900
2025
$150,889
$355,011
$505,900
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,004
$505,900

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Urban Financial Group Inc
Reverse Mortgage / Hecm
$363,000
No
First
May 31, 2013
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$256,215
$469,785
64%
36%
$2,177/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$2,177/mo
+$49/mo
3.7%

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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1755 Alta Vista St | Property Details | No Agent List