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Owner Contacts

$117,097

2120 El Paseo St Apt 1503, Houston, TX, 77054

Off Market

1 Beds

1 Bath

789 Sq Ft

Condos / Townhouses

$158.43 / sqft

Built in 1981

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Indoor Fireplace

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher

FlooringLaminate, Tile

Building Information

Year Built1981

Stories1

Land Information

APN1150040150003

SubdivisionOne Montreal Condo Ph B

Land UseResidential

Legal DescriptionUNIT 1503 BLDG O .00322 INT COMMON LAND & ELE ONE MONTREAL CONDO PH B

Census Tract314005

Assessed Land Value$22,248

Assessed Improvement Value$94,849

Assessment Year2025

About this property

Welcome to this beautiful, clean, and well maintained 1Br/1Bth condo located in the gated community of One Montreal. Home features kitchen open to the breakfast area and living room, lots of natural light, utility room inside the unit. Upgrades include laminate flooring, fresh paint, updated kitchen and bathroom. Enjoy the prime location: near UT shuttle & Metro bus, Dental School, Rice University, U of H, Rice Village, Houston Zoo! Short commute to Medical Center, downtown, NRG stadium and several great parks including Hermann Park & Brays Bayou. Easy access to highways 45, 610, 288! Please look at the 3D-tour.

Investor Tools

$117,097

Estimated Property Value

$89,250Estimated Mortgage Balance

$33,047Estimated Equity

24% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$750 /month

Positive

Cash Flow Estimate:

$250 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$261/month

$351/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,546

$117,097

2025

$22,248

$94,849

$117,097

Tax History

Year

Tax Paid

Assessed Value

2024

$2,546

$117,097

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Jpmorgan Chase Bank Na

Conventional

$89,250

First

Mar 17, 2023

Apr 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$84,050

$33,047

28%

72%

$536/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,400/mo

$887/mo

+$513/mo

14.3%

Learn About the Market: Opportunity in Houston

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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.

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