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$580,580

NAL Estimated Property Value

309 Hutcheson St, Houston, TX, 77003

Off MarketInfo
CommercialInfo
Beds3 Beds
Baths1 Bath
Baths3,678 Sq Ft
Multi FamilyMulti Family
price_per_sqft$203.79 / sqft
Year BuiltBuilt in 1930

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 4Bathrooms Full 4
Heating CentralHeating Central
AppliancesRange, Refrigerator
FlooringVinyl

Exterior

Lot Size5,349 sqft

Building Information

Year Built1930

Land Information

APN0540460000009
Lot Number9
SubdivisionPalmer Place
Land UseResidential
Legal DescriptionLT 9 BLK 9 PALMER PLACE
Census Tract310101
Assessed Land Value$181,125
Assessed Improvement Value$399,455
Assessment Year2025

About this property

Beautifully remodeled 1930s 8 unit apartment in East Downtown! Building is made up of 4 one bedroom units and 4 studio units. Interior was fully remodeled in 2017. Roof replaced August 2020. Located just one block from the Harrisburg rail line and 5 minutes from Minute Maid Park. This property has on-site laundry and a grill area with green space at the back of the building. 100% occupied.

Investor Tools

Property Icon
$580,580
Estimated Property Value
$291,431Estimated Mortgage Balance
$289,149Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,497 /month
Positive
Cash Flow Estimate:
$1,499 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,254/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,148
$580,580
2025
$181,125
$399,455
$580,580
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,148
$580,580

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gl&L Holdings Llc
Purchase Money Mortgage
$310,000
No
First
Feb 9, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$291,431
$289,149
49%
50%
$1,859/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,090/mo
$1,859/mo
+$231/mo
4.3%

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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309 Hutcheson St | Property Details | No Agent List