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$812,000

2500 1/2 Mandell Street, Houston, TX, 77006

Off MarketInfo
LeaseInfo
CommercialInfo
Beds1 Beds
Baths1 Bath
Baths936 Sq Ft
Multi FamilyMulti Family
price_per_sqft$1.28 / sqft
Year BuiltBuilt in 1927

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dishwasher
FlooringCarpet, Wood

Exterior

Lot Size6,299 sqft

Building Information

Year Built1927
Garage Spaces4

Land Information

APN0442720000035
SubdivisionLamar Tract
Land UseResidential
Legal DescriptionTR 35 LAMAR TRACT ABST 696 O SMITH
Census Tract410402
Assessed Land Value$693,000
Assessed Improvement Value$81,733
Assessment Year2025

About this property

This beautifully updated one-bedroom, one-bath garage apartment offers comfort and convenience in the heart of Montrose. Enjoy a spacious bedroom with an oversized closet, a generously sized kitchen with ample cabinet space, and a large living room with stylish laminate flooring. Freshly painted throughout and equipped with central A/C and heat for year-round comfort. Located just minutes from Downtown, Midtown, and the Texas Medical Center, and within walking distance to local shops, cafes, and restaurants. In-unit washer and dryer included for added convenience.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,669/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,965
$774,733
2025
$693,000
$81,733
$774,733
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,965
$774,733

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$283,000
No
First
Dec 23, 2010
Jan 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$4,192
$807,808
99%
1%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
N/A
+$1,960/mo
2.9%

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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2500 1/2 Mandell Street | Property Details | No Agent List