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$202,799

NAL Estimated Property Value

3229 Mcgowen St, Houston, TX, 77004

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths828 Sq Ft
price_per_sqft$229.47 / sqft
Year BuiltBuilt in 1928

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
HeatingHeating

Exterior

Lot Size5,001 sqft

Building Information

Year Built1928
Stories1

Land Information

APN0372240000008
Lot Number8
SubdivisionWilson Wm A
Land UseResidential
Legal DescriptionLT 8 BLK 14 WILSON WM A
Census Tract312200
Assessed Land Value$170,000
Assessed Improvement Value$32,799
Assessment Year2025

About this property

Highly desirable location of 3229 McGowen St, a 5,000 sq ft lot situated in one of Houston’s fastest-growing and most dynamic areas. Whether you're looking to build a custom home, develop multi-family housing, or establish a commercial space, this versatile property offers endless possibilities. This property offers incredible flexibility with potential for residential or commercial use. Whether your vision includes modern townhomes, a multi-family project, student housing, or a mixed-use commercial space, this site delivers the location and demand to make it a success. Surrounded by new construction and major redevelopment, and just minutes from Downtown Houston, University of Houston, Texas Southern University, and the Medical Center, the area attracts a high volume of renters, students, professionals, and entrepreneurs.

Investor Tools

Property Icon
$202,799
Estimated Property Value
$0Estimated Mortgage Balance
$202,799Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,217 /month
Positive
Cash Flow Estimate:
$406 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$399/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,773
$202,799
2025
$170,000
$32,799
$202,799
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,773
$202,799

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$202,799
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
N/A
+$1,307/mo
7.7%

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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3229 Mcgowen St | Property Details | No Agent List