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$223,000

1821 Esther Dr, Houston, TX, 77088

Off MarketInfo
CommercialInfo
Beds3 Beds
Baths1 Bath
Baths1,584 Sq Ft
Multi FamilyMulti Family
price_per_sqft$142.05 / sqft
Year BuiltBuilt in 1930

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size12,188 sqft

Building Information

Year Built1930
Stories1

Land Information

APN0162540040001
Lot Number1
SubdivisionHighland Addition
Land UseResidential
Legal DescriptionLT 1 BLK 4 HIGHLAND ADDITION
Census Tract533402
Assessed Land Value$95,678
Assessed Improvement Value$60,619
Assessment Year2025

About this property

Great investment property. Home is sold "As Is." Renovations were started on the unit featuring 1 bed-room / 1 bath, located on the westside of the home. The 3 bed-room, 1 bath unit, located on the east-side, could use updating. The home features central air, as well as, a new roof added in 2024. Minutes from I-45, 610, Downtown Houston, and The Galleria.

Investor Tools

Property Icon
$223,000
Estimated Property Value
$147,000Estimated Mortgage Balance
$77,497Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,350 /month
Positive
Cash Flow Estimate:
$450 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$260/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,006
$156,297
2025
$95,678
$60,619
$156,297
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,006
$156,297

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Thach N Vo
Commercial
$147,000
No
First
Oct 24, 2025
Oct 2030

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$145,503
$77,497
34%
65%
$882/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$882/mo
+$840/mo
9.3%

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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1821 Esther Dr | Property Details | No Agent List