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$77,000

206 West Thomas Avenue, Pasadena, TX, 77506

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths852 Sq Ft

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating

Exterior

Lot Size8,503 sqft

Building Information

Year Built1920
Stories1
Garage Spaces2

Land Information

APN0583380020027
SubdivisionPark Brothers O/L Iii
Land UseResidential
Legal DescriptionTRS 23A 24A 25A & 26A BLK B PARK BROTHERS O/L III
Census Tract322200
Assessed Land Value$62,688
Assessed Improvement Value$34,089
Assessment Year2025

About this property

Bring your vision to 206 W Thomas Ave in Pasadena! This approximately 8,500 sq. ft. residential lot offers an excellent opportunity for builders, investors, or buyers looking to create a new home in an established area. A previous structure has been removed and the property has been cleared, giving you a head start on your future plans. Utilities are available at the property, adding another advantage for potential development. Conveniently located near major thoroughfares with access to shopping, dining, schools, employment centers, and everyday amenities throughout Pasadena and the surrounding Houston area. Located within Pasadena ISD. Whether you're considering a new primary residence, spec home, or investment project, this cleared lot offers plenty of possibilities. Buyer to independently verify utilities, zoning, deed restrictions, building requirements, and development feasibility. Contact us today and make it yours.

Investor Tools

$0Estimated Mortgage Balance
$119,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$714 /month
Positive
Cash Flow Estimate:
$238 /month

Interested in this property?

Danielle Bilumbu Leach

DBK Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$140/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,087
$96,777
2025
$62,688
$34,089
$96,777
Yes (2021)

Tax History

Year
Tax Paid
Assessed Value
2024
$1,087
$96,777

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$119,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
N/A
+$1,307/mo
13.2%

City: Pasadena

206 West Thomas Avenue | Property Details | No Agent List