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$773,900

NAL Estimated Property Value

1844 W Alabama St, Houston, TX, 77098

$888,194 ARVInfo
Off MarketInfo
CommercialInfo
Beds4 Beds
Baths2 Bath
Baths3,780 Sq Ft
Multi FamilyMulti Family
price_per_sqft$211.64 / sqft
Year BuiltBuilt in 1932

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size6,368 sqft

Building Information

Year Built1932
Stories2

Land Information

APN0542290000016
SubdivisionWinlow Place
Land UseResidential
Legal DescriptionTRS 16 & 17A BLK 13 WINLOW PLACE
Census Tract410802
Assessed Land Value$764,400
Assessed Improvement Value$9,500
Assessment Year2025

About this property

1844 W Alabama is priced individually and must be purchased with contiguous property 1842 W Alabama. Income producing duplex in the heart of town. Walking distance to the Menil, restaurants, cafes, and St Thomas. Generous parking in the rear of the building.

Investor Tools

Property Icon
$773,900
Estimated Property Value
$503,649Estimated Mortgage Balance
$270,251Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$888,194
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
$1,567/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,939
$773,900
2025
$764,400
$9,500
$773,900
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,939
$773,900

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Hometown Equity Mortgage
Stand Alone First / Home Equity First Lien
$504,375
No
First
Apr 2, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$503,649
$288,351
36%
65%
$3,024/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$3,024/mo
+$316/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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1844 W Alabama St | Property Details | No Agent List