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$2,440,000

2421 Milam St, Houston, TX, 77006

On MarketInfo
Just AddedInfo
CommercialInfo
Beds7 Beds
Baths3 Bath
Baths5,145 Sq Ft
price_per_sqft$474.25 / sqft
Year BuiltBuilt in 1911

Highlights

Interior

Bedrooms 7Bedrooms 7
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central

Exterior

Lot Size8,398 sqft

Building Information

Year Built1911

Land Information

APN0132680000001
SubdivisionFairgrounds
Land UseCommercial
Legal DescriptionTR 4 BLK 50 FAIRGROUNDS
Census Tract410601
Assessed Land Value$630,000
Assessed Improvement Value$84,000
Assessment Year2025

About this property

Unique mixed-use property featuring multiple structures with office/commercial and residential living areas. The main structure offers flexible interior space with private offices, work areas, restrooms, storage, and multiple entrances. A separate residential area toward the rear features 3 bedrooms and 2 full bathrooms. Property includes on-site parking and outdoor space with an adaptable layout suitable for a variety of configurations. Brick and traditional exterior construction with two-story improvements. Buyer to independently verify building and living-area square footage, room dimensions, property configuration, permitted use, and all property information.

Investor Tools

$0Estimated Mortgage Balance
$714,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$14,640 /month
Positive
Cash Flow Estimate:
$4,880 /month

Interested in this property?

Siriporn Vann

NB Elite Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,542/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,939
$714,000
2025
$630,000
$84,000
$714,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,939
$714,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$714,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
N/A
+$3,340/mo
5.6%

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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