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$775,600

NAL Estimated Property Value

1842 W Alabama St, Houston, TX, 77098

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths3,060 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$261.44 / sqft
Year BuiltBuilt in 1934

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size6,382 sqft

Building Information

Year Built1934
Stories2

Land Information

APN0542290000018
Lot Number18
SubdivisionWinlow Place
Land UseResidential
Legal DescriptionLT 18 & TR 17B BLK 13 WINLOW PLACE
Census Tract410802
Assessed Land Value$765,600
Assessed Improvement Value$10,000
Assessment Year2025

About this property

This property is being sold with the contiguous property 1844 W Alabama. Priced individually. Tenant occupied income producing property in the heart of Montrose. Walkability to museums, cafes, and entertainment. Perfect to hold now and build a multi use project later.

Investor Tools

Property Icon
$775,600
Estimated Property Value
$498,032Estimated Mortgage Balance
$277,568Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,800 /month
Positive
Cash Flow Estimate:
$1,600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,566/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,910
$775,600
2025
$765,600
$10,000
$775,600
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,910
$775,600

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Hometown Equity Mortgage
Commercial
$498,750
No
First
Apr 2, 2026
Apr 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$498,032
$293,968
37%
64%
$2,991/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$2,991/mo
+$349/mo
5.2%

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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1842 W Alabama St | Property Details | No Agent List