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$1,138,000

NAL Estimated Property Value

1925 Lexington St, Houston, TX, 77098

Off MarketInfo
CommercialInfo

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size12,502 sqft

Land Information

APN0571270000010
Lot Number10,11
SubdivisionRichmond Place
Land UseResidential
Legal DescriptionLTS 10 & 11 BLK 7 RICHMOND PLACE
Census Tract410900
Assessed Land Value$937,500
Assessment Year2025

About this property

Prime Development Opportunity in Montrose – 12,500 SF Lot Located in the heart of the highly sought-after Montrose neighborhood, this rare 12,500 square foot lot (100ft x 125ft) presents an exceptional opportunity for developers and investors alike. Surrounded by some of Houston’s most desirable amenities, this property offers unbeatable proximity to CBD, Rice University, Rice Village, the Galleria, River Oaks, H-E-B, and a vibrant mix of retail, dining, and entertainment options. This cleared and ready-to-build parcel is ideal for a variety of development projects including luxury patio homes, upscale townhomes, or a boutique condo/apartment complex. With strong demand in the area and limited availability of land, this site is perfectly positioned for high-end urban living. Don’t miss your chance to create a landmark development in one of Houston’s most dynamic and walkable neighborhoods.

Investor Tools

Property Icon
$1,138,000
Estimated Property Value
$400,213Estimated Mortgage Balance
$737,787Estimated Equity
64% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,828 /month
Positive
Cash Flow Estimate:
$2,276 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,126/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$19,825
$937,500
2025
$937,500
N/A
$937,500
No

Tax History

Year
Tax Paid
Assessed Value
2024
$19,825
$937,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The Mint National Bank
Unknown
$535,000
No
First
Nov 5, 2014
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$400,213
$737,787
64%
35%
$0/mo

City: Houston

1925 Lexington St | Property Details | No Agent List