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$500,000

2222 Erastus Street, Houston, TX, 77020

$650,000 ARVInfo
On MarketInfo
CommercialInfo
Beds2 Beds
Baths1 Bath
Baths5,040 Sq Ft
price_per_sqft$99.21 / sqft
Year BuiltBuilt in 1950

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
FlooringVinyl

Exterior

Lot Size15,002 sqft

Building Information

Year Built1950

Land Information

APN0131220000004
Lot Number4-6
SubdivisionEnglewood
Land UseCommercial
Legal DescriptionLTS 4 5 & 6 BLK 16 ENGLEWOOD
Census Tract211302
Assessed Land Value$300,000
Assessed Improvement Value$102,415
Assessment Year2025

About this property

Outstanding investment opportunity! This corner-lot property features seven individual 1-bedroom, 1-bathroom units, offering multiple income streams and exceptional upside. Whether you're looking to expand your rental portfolio or take on your next value-add flip, this property is packed with potential. These units have the potential to become a true cash cow, generating strong and consistent rental income for years to come. Don't miss this rare opportunity to maximize your return on investment!

Investor Tools

$475,394Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$650,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,000 /month
Positive
Cash Flow Estimate:
$1,000 /month

Interested in this property?

Elio Alanis

Keller Williams ARE

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$870/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,429
$402,415
2025
$300,000
$102,415
$402,415
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,429
$402,415

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rosegate Capital Partners Llc
Unknown
$485,400
No
First
Apr 1, 2025
Sep 2025

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$475,394
N/A
0%
118%
$2,911/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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2222 Erastus Street | Property Details | No Agent List