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$360,000

321 Reid St, Houston, TX, 77022

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths1,200 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$300 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher
FlooringLaminate

Exterior

Lot Size6,351 sqft

Building Information

Year Built1950
Stories1

Land Information

APN0420500030046
SubdivisionAnnie Kooi Tract
Land UseResidential
Legal DescriptionTR 24J ANNIE KOOI TRACT ABST 196 J S COLLINS
Census Tract220200
Assessed Land Value$99,313
Assessed Improvement Value$154,276
Assessment Year2025

About this property

Welcome to 321 Reid Street, a beautifully remodeled 2-bedroom, 2-bath home conveniently located near Downtown Houston and major highways. New 2026 roof, plumbing and siding! This move-in ready property features updated finishes throughout, an open and functional layout, modernized kitchen and bathrooms, and low-maintenance living. Whether you're a first-time homebuyer, investor, or looking to downsize, this charming home offers comfort, style, and convenience in a rapidly growing area of Houston.

Investor Tools

Property Icon
$253,589
Estimated Property Value
$128,250Estimated Mortgage Balance
$138,269Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,160 /month
Positive
Cash Flow Estimate:
$720 /month

Interested in this property?

Ricardo Gonzalez

RE/MAX The Woodlands & Spring

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$364/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,106
$253,589
2025
$99,313
$154,276
$253,589
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,106
$253,589

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Listo Lending Llc
Conventional
$128,250
No
First
Apr 6, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$115,320
$138,269
54%
45%
$769/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$769/mo
+$538/mo
6.2%

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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321 Reid St | Property Details | No Agent List