Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours

$593,000

NAL Estimated Property Value

221 Emerson St, Houston, TX, 77006

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,363 Sq Ft
price_per_sqft$435.07 / sqft
Year BuiltBuilt in 1996

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
HeatingHeating

Exterior

Lot Size6,251 sqft

Building Information

Year Built1996
Stories2

Land Information

APN0370310000019
Lot Number15
SubdivisionWestmoreland
Land UseResidential
Legal DescriptionLT 15 BLK 3 WESTMORELAND
Census Tract410704
Assessed Land Value$468,750
Assessed Improvement Value$69,237
Assessment Year2025

About this property

Nestled in the highly sought after historical Westmoreland neighborhood in Montrose, this is a very rare opportunity to own a 50' X 125', 6,250 sq ft lot that offers a prime location to build your dream home. Situated within close proximity to Montrose, Midtown, Downtown, Museum District and the Menil Collection, Menil Park, Rothko Chapel, University of St. Thomas, HEB, and the boutique Hotel Saint Augustine. Enjoy easy access to Downtown, Midtown, Medical Center, Museum District, Rice Village, River Oaks Shopping Center, and more. There is a 1363 square foot vacant structure currently on the property that can be torn down or rehabbed. Selling as lot value only. NO HOA!

Investor Tools

Property Icon
$593,000
Estimated Property Value
$0Estimated Mortgage Balance
$167,613Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,750 /month
Positive
Cash Flow Estimate:
$1,250 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,117/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,436
$537,987
2025
$468,750
$69,237
$537,987
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,436
$537,987

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$568,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
N/A
+$2,580/mo
5.2%

Learn About the Market: Opportunity in Houston

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...