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$139,000

226 REA Street, Lancaster, TX, 75146

Off MarketInfo
CommercialInfo
Beds1 Beds
Baths1 Bath
Baths888 Sq Ft
Multi FamilyMulti Family
price_per_sqft$106.98 / sqft
Year BuiltBuilt in 1948

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating GasHeating Gas
CoolingCooling
AppliancesGas Range
FlooringVinyl, Wood

Exterior

Exterior FeaturesStorage
Lot Size7,500 sqft

Building Information

Year Built1948
Stories1
Roof Type105

Land Information

APN36042500000650000
Lot Number65
SubdivisionInterurban Heights
Land UseResidential
Legal DescriptionINTERURBAN HEIGHTS LOT 65 INT202100175358 DD06042021 CO-DC 0425000006500 4CN04250000
Census Tract016803
Assessed Land Value$50,000
Assessed Improvement Value$63,630
Assessment Year2025

About this property

Investment sold as is. Older frame units. House is 528 sq ft with $600 rent, Effiency is 380 square ft with $400 rent. In rentable condition. House floor is uneven, both could use some painting. Window units provide heat and air. 2 units in house, 1 in efficiency. Both stoves and refrigerators convey. Currently occuied by excellent tenants with expiration on contract 7.31.2021. Both baths have showers-no tub. Near Pleasant Run Elementary. Agent will accompamy all showings with agent making advance appointment. Big back yard. Storage building remains.

Investor Tools

Property Icon
$139,000
Estimated Property Value
$0Estimated Mortgage Balance
$52,908Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$834 /month
Positive
Cash Flow Estimate:
$278 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$266/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,494
$113,630
2025
$50,000
$63,630
$113,630
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,494
$113,630

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Agn Llc
Credit Line (Revolving) / Heloc
$95,000
No
First
Jun 4, 2021
Jun 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$86,092
$52,908
38%
62%
$570/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,326/mo
$570/mo
+$756/mo
11.4%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lancaster

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226 REA Street | Property Details | No Agent List