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$529,000

2706 Isabella St, Houston, TX, 77004

On MarketInfo
CommercialInfo
Beds4 Beds
Baths2 Bath
Baths2,674 Sq Ft
Multi FamilyMulti Family
price_per_sqft$197.83 / sqft
Year BuiltBuilt in 1930

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesMicrowave, Dishwasher, Refrigerator
FlooringLaminate, Tile

Exterior

Exterior FeaturesBalcony
Lot Size5,249 sqft

Building Information

Year Built1930
Garage Spaces2

Land Information

APN0611560180008
Lot Number8
SubdivisionWashington Terrace
Land UseResidential
Legal DescriptionLT 8 BLK 18 WASHINGTON TERRACE
Census Tract312700
Assessed Land Value$178,500
Assessed Improvement Value$167,000
Assessment Year2025

About this property

A well-located triplex presents a compelling multifamily investment opportunity in one of Houston’s most active inner-loop submarkets. The property currently consists of 3 separate residential units with stable income potential & offers additional upside through the potential to add a fourth studio apartment unit (subject to buyer verification, zoning, & permits) This asset is ideal for investors seeking cash flow today with future value-add expansion, as well as owner-occupants looking to offset ownership costs with rental income, making it an attractive addition to an investment portfolio. Situated at the prime intersection of Midtown & Third Ward, this property is minutes from Downtown, the Texas Medical Center, & major universities. With easy access to US-59, I-45, and I-288, & surrounded by new development, demand is strong from both owners & investors. Zoned for residential or mixed-use use with no HOA fees, it’s an ideal infill opportunity for short-term or long-term rentals.

Investor Tools

$278,749Estimated Mortgage Balance
$255,325Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,198 /month
Positive
Cash Flow Estimate:
$1,066 /month

Interested in this property?

Sabika Jafri

The Sears Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$778/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,669
$345,500
2025
$178,500
$167,000
$345,500
Yes (2022)

Tax History

Year
Tax Paid
Assessed Value
2024
$6,669
$345,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jeanne Marie Ying
Stand Alone Second / Subordinate Position
$87,000
No
First
Jul 28, 2021
Jul 2022

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$278,749
$238,251
46%
52%
$1,842/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$1,842/mo
+$384/mo
5.0%

City: Houston

2706 Isabella St | Property Details | No Agent List