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$699,999

3512 Adair St, Houston, TX, 77004

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths704 Sq Ft
price_per_sqft$994.32 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
HeatingHeating

Exterior

Lot Size9,997 sqft

Building Information

Year Built1940

Land Information

APN0571490050010
Lot Number9,10
SubdivisionGranlin Grove
Land UseResidential
Legal DescriptionLTS 9 & 10 BLK 5 GRANLIN GROVE
Census Tract312400
Assessed Land Value$238,000
Assessed Improvement Value$201,760
Assessment Year2025

About this property

Excellent investment opportunity just minutes from the University of Houston! This 8-unit multifamily property is currently 100% occupied, offering immediate rental income with additional upside potential. Each unit features 2 bedrooms, 1 bathroom, a generously sized living room, and a well-appointed kitchen. Major improvements include new roofs and new windows across all 8 units, reducing near-term capital expenditure for the next owner. Tenants are responsible for their own electricity, gas, and trash, while the landlord only pays for water and sewer.

Investor Tools

$0Estimated Mortgage Balance
$439,760Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,200 /month
Positive
Cash Flow Estimate:
$1,400 /month

Interested in this property?

Apolonio Miranda

INNOVA Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$808/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,493
$439,760
2025
$238,000
$201,760
$439,760
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,493
$439,760

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$439,760
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
3.6%

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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3512 Adair St | Property Details | No Agent List