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$2,300,000

316 Morningside Dr, Friendswood, TX, 77546

On MarketInfo
CommercialInfo
Beds3 Beds
Baths6 Bath
Baths5,611 Sq Ft
price_per_sqft$409.91 / sqft
Year BuiltBuilt in 2018

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 4Bathrooms Full 4
Bathrooms Half 2Bathrooms Half 2
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Disposal, Refrigerator Included, Wine Refrigerator, Double Oven, Microwave, Gas Cooktop, Dishwasher
FlooringConcrete, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Sprinkler System
Lot Size28,000 sqft

Building Information

Year Built2018
Stories1
Garage Spaces2

Land Information

APN4085-0000-0027-000 01
Lot Number27,28
SubdivisionHoover
Land UseCommercial Real Property
Legal DescriptionABST 151 S MCKISSICK SUR LOTS 27 & 28 HOOVER UNRECORDED SUB
Census Tract720200
Assessed Land Value$70,000
Assessed Improvement Value$697,504
Assessment Year2025

About this property

A unicorn in the heart of Friendswood, this exceptional mixed-use property combines two commercial spaces w/elevator-accessed luxury living. Lower level, currently a photography studio/office w/adjoining income-producing suite, featuring a kitchenette, bath, 3 office spaces & shared private parking—ideal for a boutique, professional practice, or creative workspace. Upstairs, a light-filled open-concept residence showcases custom tile flooring, vaulted ceilings & brick accents. Chef's kitchen offers a large island, butler's pantry & wet bar/wine storage, flowing into built-in banquette dining area & spacious living room. Three private en-suite bedrooms provide a serene retreat, highlighted by a stunning primary suite w/tray ceiling, custom closet & spa-like bath. Add'l perks include a home office, oversized laundry room, storage & relaxing balcony. Outdoors, enjoy your own private oasis w/a sleek pool, expansive decking, Continued... See Addendum Property Description - Public 1

Investor Tools

$0Estimated Mortgage Balance
$750,474Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$13,800 /month
Positive
Cash Flow Estimate:
$4,600 /month

Interested in this property?

Jaime Black

Martin & Black Real Estate LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$787/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,687
$750,474
2025
$70,000
$697,504
$767,504
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,687
$750,474

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$750,474
100%
0%
$0/mo

City: Friendswood