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$130,000

3131 Southwest Freeway #46, Houston, TX, 77098

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths986 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$131.85 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Microwave, Electric Cooktop, Refrigerator, Dishwasher
FlooringCarpet, Laminate, Tile

Exterior

Lot Size1.66 acres

Building Information

Year Built1965
Stories1

Land Information

APN1146010050008
Land UseResidential
Legal DescriptionUNIT 51 BLDG E .0207 INT COMMON LAND & ELE LEMANS T/H CONDO
Census Tract411802
Assessed Land Value$25,519
Assessed Improvement Value$108,792
Assessment Year2025

About this property

Centrally located just 10 minutes from Downtown, the Galleria, the Texas Medical Center, NRG Stadium, and Upper Kirby, this beautifully updated ground-floor condo offers the perfect blend of comfort, convenience, and low-maintenance living. Tucked along the side of the community, this spacious two-bedroom, one-bath residence overlooks the sparkling pool and beautifully landscaped courtyard, creating a peaceful retreat in the heart of the city. Inside, you'll find tasteful updates throughout, including a renovated kitchen and bathroom, along with brand-new carpeting. Enjoy the convenience of a washer/dryer in the back of the building, and an assigned parking spot directly behind the unit. Whether you're looking for a primary residence or a lock-and-leave lifestyle, this home offers city living at its finest with easy access to Houston's premier shopping and dining.

Investor Tools

$18,897Estimated Mortgage Balance
$244,103Estimated Equity
92% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,578 /month
Positive
Cash Flow Estimate:
$526 /month

Interested in this property?

Heidi Giles

Compass RE Texas, LLC - Houston

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$160/month
$525/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$603
$134,311
2025
$25,519
$108,792
$134,311
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$603
$134,311

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Abn Amro Mortgage Group Inc
Unknown
$53,550
No
First
Sep 16, 2003
Oct 2033

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$18,897
$244,103
92%
7%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$525/mo
+$1,435/mo
8.9%

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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