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$400,000

1815 Southline St, Cleveland, TX, 77327

On MarketInfo
Beds1 Beds
Baths1 Bath
Baths3,028 Sq Ft
price_per_sqft$132.1 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 1Bathrooms 1
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size7,148 sqft

Building Information

Year Built1982
Stories1
Roof Type105

Land Information

APNR29635
SubdivisionJoseph Fenner
Land UseResidential
Legal Description000441 JOSEPH FENNER, TRACT 213, ACRES 0.1641
Census Tract700303
Assessed Land Value$30,250
Assessed Improvement Value$150,550
Assessment Year2025

About this property

Excellent investment opportunity in the growing Cleveland, Texas area. This fully occupied 4-plex offers immediate income potential with all units currently leased. Property features strong occupancy history, functional layouts, and convenient access to Hwy 59/I-69 for an easy commute to Houston and surrounding areas. Ideal for investors seeking stable cash flow with upside potential in a rapidly expanding market. Please do not disturb tenants. Showings by appointment only.

Investor Tools

$0Estimated Mortgage Balance
$180,800Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,400 /month
Positive
Cash Flow Estimate:
$800 /month

Interested in this property?

Gina Musachia

Douglas Elliman Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$396/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,851
$180,800
2025
$30,250
$150,550
$180,800
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,851
$180,800

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$180,800
100%
0%
$0/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.

Explore Texas Explore This Area
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: Cleveland

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1815 Southline St | Property Details | No Agent List