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$893,000

NAL Estimated Property Value

401 1/2 Omar Street, Houston, TX, 77009

Off MarketInfo
LeaseInfo
Beds3 Beds
Baths2 Bath
Baths504 Sq Ft
ApartmentApartment
price_per_sqft$2.58 / sqft
Year BuiltBuilt in 1920

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Microwave, Electric Range, Free-Standing Range, Dryer, Refrigerator, Washer, Oven
FlooringVinyl, Wood

Exterior

Lot Size7,501 sqft

Building Information

Year Built1920
Garage Spaces2

Land Information

APN0372820000001
Lot Number1
SubdivisionWoodland Heights
Land UseResidential
Legal DescriptionLT 1 & TR 2A BLK 17 WOODLAND HEIGHTS
Census Tract510302
Assessed Land Value$750,000
Assessed Improvement Value$132,237
Assessment Year2025

About this property

Cute, Cozy garage apartment with inside stairs, hardwood floors, barn doors separate living area from bedroom, light and bright, claw foot tub with shower, open kitchen, under counter lighting, breakfast and living area. Pull down attic stairway with light and some flooring for storage, Water/Sewer paid, lawn maintenance included. Black out drapes for the bedroom stored in the closet. Blinds have been hung on the 9 windows since the pictures were taken and some pictures were prior to installation of barn doors, Conveniently located close to 45 and I-10. Note the wooden storage piece moves around to where it works best for you. It is shown in 3 different locations in the apartment. Walkable to park and bike trails at Woodland Park and Studewood park. Washer/Dryer included in garage, additional storage on the left side of the garage. Room for bikes or other recreational items. off street parking for one car. Location, location, location!

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,843/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$17,656
$882,237
2025
$750,000
$132,237
$882,237
No

Tax History

Year
Tax Paid
Assessed Value
2024
$17,656
$882,237

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Secure Financial Services Inc
Conventional
$792,000
No
First
Jul 29, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$780,417
$112,583
12%
87%
$4,749/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$4,749/mo
$-3,027/mo
2.3%

Learn About the Market: Opportunity in Houston

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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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401 1/2 Omar Street | Property Details | No Agent List