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$822,436

340 N Houston Street N, Webster, TX, 77598

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths7,400 Sq Ft
Multi FamilyMulti Family
price_per_sqft$163.78 / sqft
Year BuiltBuilt in 1968

Highlights

Interior

Bathrooms 0Bathrooms 0
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling
AppliancesRange, Water Heater, Dishwasher, Refrigerator
FlooringCarpet, Laminate

Exterior

Lot Size9,374 sqft

Building Information

Year Built1968

Land Information

APN0361350000008
Lot Number8,9
SubdivisionWebster
Land UseCommercial
Legal DescriptionLT 8 W 1/2 OF LT 9 BLK 22 WEBSTER
Census Tract341101
Assessed Land Value$112,500
Assessed Improvement Value$709,936
Assessment Year2025

About this property

PLEASE DON'T DISTURB TENANTS. EIGHT PLEX! This is the one you've been looking for! A class location near Hwy 3 and Nasa Road 1. Nicely renovated and stabilized 8PLEX with additional value add if desired.100% occupancy with staggered leases.Some Units have new flooring, counter tops, cultured marble surrounds, led lighting, recessed lighting.Complete water pipe replacement, new water main, new tankless water heaters in all units, too much to list... The electrical has been redone with new electrical panels, all electrical outlets and switches, all bathroom vanity lights and more. The entire building has new windows installed 2/2022 with transferable warrant. New gutters installed 2021. New exterior and interior paint. On-site laundry room is great for tenants and adds to your cash flow with room to increase.This one has been meticulously cared for and is perfect for an investor wanting to get into multi families. The work has been done. Call or text for details!

Investor Tools

Property Icon
$822,436
Estimated Property Value
$0Estimated Mortgage Balance
$99,516Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,272 /month
Positive
Cash Flow Estimate:
$2,424 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,013/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,046
$822,436
2025
$112,500
$709,936
$822,436
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,046
$822,436

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Finance Of America Mortgage Llc
Commercial
$780,000
No
First
Jun 27, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$722,920
$99,516
12%
88%
$4,677/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Webster

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340 N Houston Street N | Property Details | No Agent List