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$146,250

NAL Estimated Property Value

36305 Owens Rd, Prairie View, TX, 77445

Off MarketInfo
CommercialInfo
Beds2 Beds
Baths1 Bath
Baths1,344 Sq Ft
Multi FamilyMulti Family
price_per_sqft$111.61 / sqft
Year BuiltBuilt in 1970

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
AppliancesRange, Refrigerator
FlooringCarpet, Vinyl, Wood

Exterior

Lot Size14,375 sqft

Building Information

Year Built1970
Stories1

Land Information

APN820000-000-007-000
Lot Number7
SubdivisionThompson
Land UseResidential
Legal DescriptionS820000 THOMPSON LOT 7 ACRES .33
Census Tract680301
Assessed Land Value$57,010
Assessed Improvement Value$89,240
Assessment Year2025

About this property

Charming duplex, just a block away from Prairie View A&M University. 1,344 square feet of space divided equally between two units, each side includes two cozy bedrooms, a bathroom, a living room, kitchen, and dining area. While this property does require some updates and repairs, it is priced with these considerations in mind, fantastic opportunity for investors to create a cash-flowing asset, either as rental for university related renters or reside on one side and rent out the other! Parking spaces at the front and enjoys access to a partially fenced back yard. This property is not just a place to live or invest; it’s a gateway to a vibrant lifestyle near one of the area's top universities, offering endless conveniences and opportunities. Don’t miss out on this prime investment opportunity in a stellar location. Ideal for those looking to expand their investment portfolio or step into the real estate market with a property that promises both flexibility and profitability.

Investor Tools

Property Icon
$146,250
Estimated Property Value
$116,615Estimated Mortgage Balance
$29,635Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$900 /month
Positive
Cash Flow Estimate:
$300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$132/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$847
$146,250
2025
$57,010
$89,240
$146,250
No

Tax History

Year
Tax Paid
Assessed Value
2024
$847
$146,250

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nexa Mortgage Llc
Conventional
$120,000
No
First
Oct 29, 2024
Nov 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$116,615
$29,635
20%
80%
$720/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: Prairie View

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36305 Owens Rd | Property Details | No Agent List