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$569,000

338 Cortlandt St, Houston, TX, 77007

$592,128 ARVInfo
On MarketInfo
CommercialInfo
Beds1 Beds
Baths1 Bath
Baths1,952 Sq Ft
Multi FamilyMulti Family
price_per_sqft$291.5 / sqft
Year BuiltBuilt in 1920

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Refrigerator
FlooringLaminate, Wood

Exterior

Exterior FeaturesPrivate Entrance
Lot Size6,599 sqft

Building Information

Year Built1920
Garage Spaces1

Land Information

APN0210420000025
Lot Number25
SubdivisionHouston Heights
Land UseResidential
Legal DescriptionLT 25 BLK 310 HOUSTON HEIGHTS
Census Tract510400
Assessed Land Value$660,000
Assessed Improvement Value$78,256
Assessment Year2025

About this property

A Rare Heights Gem, This Income-Producing Triplex Delivers Character, Comfort, and Opportunity All In One Amazing Location. Built with classic 1920s charm, this beautifully maintained, gated property offers 3 separate 1-bedroom, 1-bath units, each with inviting living spaces and timeless details. The main house includes 2 units featuring hardwood flooring, rich millwork, moody tones, and thoughtful craftsmanship throughout. The third unit sits above the garage with an open floor plan and plenty of room to roam. Utility room in garage, gated with enough parking for all 3 units to come & go easily. Enjoy a highly walkable Houston Heights location, just steps to shopping, dining, and parks like Bayou Greenways and Stude Park. With quick access to I-10, downtown, the Theater District, and the Texas Medical Center, morning commutes will be a snap. This rare property delivers the versatility and income potential that make eclectic Heights living both smart and enjoyable.

Investor Tools

$517,882Estimated Mortgage Balance
$291,118Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$592,127
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,854 /month
Positive
Cash Flow Estimate:
$1,618 /month

Interested in this property?

Shawn Manderscheid

eXp Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,355/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,213
$738,256
2025
$660,000
$78,256
$738,256
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,213
$738,256

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Conventional
$542,500
No
First
Nov 29, 2023
Dec 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$517,882
$291,118
35%
64%
$3,253/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$3,253/mo
$-1,293/mo
2.9%

Learn About the Market: Opportunity in Houston

Local Market Pages
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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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