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$775,000

251 Malone Street, Houston, TX, 77007

$997,910 ARVInfo
On MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,210 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$241.43 / sqft
Year BuiltBuilt in 1992

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Electric Oven, Microwave, Electric Cooktop, Dishwasher, Refrigerator, Cooktop
FlooringTile, Wood

Exterior

Lot Size3,751 sqft

Building Information

Year Built1992
Stories2
Garage Spaces2

Land Information

APN0300660000012
Lot Number12,13
SubdivisionRice Military
Land UseResidential
Legal DescriptionLT 12 & N 1/2 OF LT 13 BLK 24 RICE MILITARY
Census Tract510801
Assessed Land Value$356,250
Assessed Improvement Value$289,750
Assessment Year2025

About this property

Stunning soft contemporary home on an oversized lot in the heart of Rice Military. Exceptionally private & meticulously maintained, this home offers coveted 1st floor living, a rare 3-car garage, private 3-car driveway, & abundant storage. A beautifully landscaped courtyard welcomes you into open concept living spaces filled with natural light. The well-appointed kitchen features SS appliances, granite countertops, abundant cabinetry, & generous prep space. A spacious 1st floor bedroom or study with a full bath provides flexible living options. The expansive primary suite offers a sitting area, fireplace, two oversized walk-in closets, & an updated bath with dual sinks & vanities, soaking tub, separate shower, & private water closet. Generously sized secondary bedrooms each feature large closets & updated ensuite baths. Ideally located less than one mile from Memorial Park & just minutes from downtown, this home has access to some of Houston’s best dining, shopping, & entertainment.

Investor Tools

Property Icon
$983,000
Estimated Property Value
$0Estimated Mortgage Balance
$983,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$997,909
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,898 /month
Positive
Cash Flow Estimate:
$1,966 /month

Interested in this property?

Kirsten Abney

Better Homes and Gardens Real Estate Gary Greene - Woodway

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,715/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,667
$646,000
2025
$356,250
$289,750
$646,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,667
$646,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$983,000
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
3.1%

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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251 Malone Street | Property Details | No Agent List