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Owner Contacts

$197,000

2931 Lidstone St, Houston, TX, 77023

Off Market

2 Beds

1 Bath

1,127 Sq Ft

Single Family Residence

$1.42 / sqft

Built in 1946

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Garage Available

Heating

Exterior

Lot Size5,001 sqft

Building Information

Year Built1946

Stories1

Garage Spaces2

Land Information

APN0563340560001

Lot Number1

SubdivisionEdmundson

Land UseResidential

Legal DescriptionLT 1 BLK 56 W L EDMUNDSON SEC 5

Census Tract311800

Assessed Land Value$50,000

Assessed Improvement Value$84,572

Assessment Year2025

About this property

Welcome to 2931 Lidstone Street, a cozy and updated 2-bedroom, 1-bathroom home located in Houston’s desirable University Area. Nestled on a 5,000 sq ft lot, this 1,127 sq ft home offers comfort, convenience, and classic charm in a well-established neighborhood. Built in 1946 and thoughtfully maintained, this home features spacious bedrooms, a functional layout, and a 2-car attached/detached garage—ideal for storage or working on projects. Located near major freeways including I-45 and Hwy 90, commuting is a breeze with quick access to downtown, the University of Houston, and East End destinations. Enjoy a fully fenced yard perfect for pets (case-by-case approval), and peace of mind with no HOA restrictions. Zoned to Houston ISD schools including Peck Elementary, Navarro Middle, and Austin High School. Available now for long-term lease. Monthly rent is $1,800 with a $1,800 security deposit. Pets allowed upon approval (please provide size, breed, and photo).

Investor Tools

$197,000

Estimated Property Value

$151,200Estimated Mortgage Balance

$54,609Estimated Equity

23% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,182 /month

Positive

Cash Flow Estimate:

$394 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$317/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,816

$134,572

2025

$50,000

$84,572

$134,572

Tax History

Year

Tax Paid

Assessed Value

2024

$2,816

$134,572

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Ocmbc Inc

Conventional

$151,200

First

Mar 15, 2023

Apr 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$142,391

$57,609

28%

72%

$907/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,307/mo

$907/mo

+$400/mo

8.0%

Learn About the Market: Opportunity in Houston

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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.

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