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Owner Contacts

$420,000

NAL Estimated Property Value

1807 Palm St, Houston, TX, 77004

Off Market

3 Beds

4 Bath

2,583 Sq Ft

$174.22 / sqft

Built in 2002

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 3

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Microwave, Gas Cooktop, Dryer, Refrigerator, Washer, Dishwasher

Exterior

Lot Size2,056 sqft

Building Information

Year Built2002

Garage Spaces2

Land Information

APN1226130010003

Lot Number3

SubdivisionPalm Avenue T/H

Land UseResidential

Legal DescriptionLT 3 BLK 1 PALM AVENUE T/H

Census Tract312602

Assessed Land Value$138,848

Assessed Improvement Value$268,152

Assessment Year2025

About this property

Fantastic Investment Opportunity in the museum district! Currently leased until 6/30/2024, it offers a worry-free income stream. NO HOA, NO RESTRICTIONS and NEVER FLOODED per seller! The home features a unique split-level floor plan boasting 3 bedrooms and 3.5 baths. This home has ample parking with a total of 4 spaces available - 2 within the garage and 2 upfront. Situated just 2 miles away from the renowned Texas Medical Center and a mere 2.8 miles from downtown, its location is unparalleled. Enjoy the convenience of walking to some of Houston's most delectable dining spots on Almeda, including the famous Turkey Leg Hut. Not to mention, you're just a 10-minute stroll from the picturesque Hermann Park. Investors, time is of the essence! Given the unbeatable location and a secure lease already in effect, don't hesitate – act now and capitalize on this opportunity. Your future portfolio will certainly appreciate it.

Investor Tools

$420,000

Estimated Property Value

$293,804Estimated Mortgage Balance

$126,196Estimated Equity

29% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,700 /month

Positive

Cash Flow Estimate:

$900 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$905/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$8,755

$407,000

2025

$138,848

$268,152

$407,000

Tax History

Year

Tax Paid

Assessed Value

2024

$8,755

$407,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

First United Bank & Trust Co

Conventional

$305,250

First

Apr 26, 2024

May 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$293,804

$121,196

29%

70%

$1,831/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

$1,831/mo

$-109/mo

4.9%

Learn About the Market: Opportunity in Houston

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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.

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