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$480,000

NAL Estimated Property Value

3018 Wichita St, Houston, TX, 77004

SoldInfo
7/09/26
CommercialInfo
Beds4 Beds
Baths0 Bath
Baths2,403 Sq Ft
price_per_sqft$191.43 / sqft
Year BuiltBuilt in 1950

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Disposal, Microwave, Dishwasher, Refrigerator
FlooringWood

Exterior

Lot Size5,249 sqft

Building Information

Year Built1950
Stories2

Land Information

APN0631170020005
Lot Number5
SubdivisionLubbock
Land UseResidential
Legal DescriptionLT 5 BLK 2 LUBBOCK
Census Tract313000
Assessed Land Value$162,750
Assessed Improvement Value$317,250
Assessment Year2025

About this property

Exceptional investment opportunity in Houston’s highly desirable 77004 University/MacGregor area. This well-maintained duplex at 3018 Wichita St offers approx. 2,403 sq ft with two spacious 2 bed / 2 bath units, ideal for house hacking or income-producing rental. Built in 1950 and thoughtfully updated, each unit features hardwood and tile flooring, granite countertops, stainless steel appliances, and in-unit washer/dryer. Situated on a 5,200+ sq ft lot just minutes from Downtown Houston, Texas Medical Center, University of Houston, TSU, Hermann Park, Houston Zoo, and Museum District. Strong rental demand area with excellent walkability and proximity to major employers, dining, and entertainment. Unit A is occupied. Also, possible Airbnb.

Investor Tools

Property Icon
$480,000
Estimated Property Value
$243,338Estimated Mortgage Balance
$236,662Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,880 /month
Positive
Cash Flow Estimate:
$960 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,089/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,671
$480,000
2025
$162,750
$317,250
$480,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,671
$480,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Conventional
$268,000
No
First
Sep 27, 2021
Oct 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$243,338
$236,662
49%
51%
$1,607/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$1,607/mo
+$619/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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3018 Wichita St | Property Details | No Agent List