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$550,000

1803 State St, Houston, TX, 77007

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths816 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$526.96 / sqft
Year BuiltBuilt in 1890

Property Lead Type:

BankruptcyDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size4,299 sqft

Building Information

Year Built1890
Stories1

Land Information

APN0052230000021
SubdivisionBaker W R Nsbb
Land UseResidential
Legal DescriptionTR 11 BLK 440 BAKER W R NSBB
Census Tract510201
Assessed Land Value$294,120
Assessed Improvement Value$255,880
Assessment Year2025

About this property

History and the vibrancy of central inner loop living come together in a magical way in this adorable Old Sixth Ward home. Listed on the National Register of Historic Places, this circa 1890 home boasts a prime location just a stone’s throw away from downtown, parks/trails along Buffalo Bayou, Washington Avenue dining/entertainment, and all the art/markets of Sawyer Yards. Vintage elements like original shiplap, bullseye trim detail, and exposed brick give the home a tremendous amount of authentic charm and character. High ceilings, hardwood floors, and fantastic natural light throughout. Inviting front porch, screened back porch (with view of downtown skyline), and lovely backyard greenspace. 2 BR, 1 BA, plus a versatile back studio (updated in 2001) that has a washer, dryer, and window A/C unit.

Investor Tools

Property Icon
$550,000
Estimated Property Value
$0Estimated Mortgage Balance
$550,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,300 /month
Positive
Cash Flow Estimate:
$1,100 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,146/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,006
$550,000
2025
$294,120
$255,880
$550,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,006
$550,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$550,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
N/A
+$1,960/mo
4.3%

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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