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B+
NoAgentList RatingHow are grades calculated?Info

$1,117,368

NAL Estimated Property Value

2115 Lexington St, Houston, TX, 77098

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,400 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.25 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating Forced Air UnitHeating Forced Air Unit
AppliancesDisposal, Electric Oven, Electric Range, Dryer, Refrigerator, Washer, Dishwasher
FlooringCarpet, Wood

Exterior

Lot Size6,499 sqft

Building Information

Year Built2004

Land Information

APN0540630000009
SubdivisionAlbemarle Place
Land UseCommercial
Legal DescriptionTRS 9 & 10A BLK G ALBEMARLE PLACE
Census Tract411003
Assessed Land Value$617,500
Assessed Improvement Value$499,868
Assessment Year2025

About this property

Welcome to 2115 Lexington! This 2nd floor 2 bedroom apartment is located above the 1st floor dentist office and features a private entrance. As you walk through the front door, you’re greeted by natural light, gleaming hardwoods in the living areas, and a tasteful open concept kitchen w/breakfast bar and stainless appliances. There are large closets throughout, including both bedrooms, hallway and living room. While the home is listed as 1.5 bathrooms, it actually has 2 sinks and 2 toilets – one located off each bedroom - with a shared bathtub between. With a walk score of 85, you can leave your car behind the locked gate on evenings and weekends as you explore the great restaurants, shops, and parks in the neighborhood. The off-street parking is reserved for the dentist office from 7:45am-5pm M-Th and from 7:45am-1pm on Fri. During those times the tenant would need to park on the street if they are home, but on evenings and weekends they have use of the parking lot and gated driveway.

Investor Tools

Property Icon
$1,117,368
Estimated Property Value
$283,032Estimated Mortgage Balance
$834,336Estimated Equity
74% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,704 /month
Positive
Cash Flow Estimate:
$2,235 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,355/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$22,673
$1,117,368
2025
$617,500
$499,868
$1,117,368
No

Tax History

Year
Tax Paid
Assessed Value
2024
$22,673
$1,117,368

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Compass Bank
Commercial
$435,000
No
First
Jul 8, 2011
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$283,032
$834,336
74%
25%
$2,609/mo

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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2115 Lexington St | Property Details | No Agent List