Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Main property image
Days14Days on Market
Views1view
Gallery image 2
Gallery image 3
Gallery image 4
Gallery image 5

$232,180

$244,400

406 Emerson St, Houston, TX, 77006

On MarketInfo
Just AddedInfo
Price DropInfo
Beds3 Beds
Baths3 Bath
Baths1,941 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$119.62 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

BankruptcyAuctionPre-ForeclosureDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Private PoolPrivate Pool
Lot Size2,875 sqft

Building Information

Year Built1986
Stories3
Garage Spaces2

Land Information

APN0370330000031
SubdivisionWestmoreland
Land UseResidential
Legal DescriptionTR 9A BLK 5 WESTMORELAND
Census Tract410704
Assessed Land Value$218,750
Assessed Improvement Value$319,271
Assessment Year2025

About this property

Huge opportunity to buy this two story rowhouse in Montrose at a price that you can't pass up! This home is on a highly desirable street and needs lots of work so you can put your design skills to the test. Fireplace, swimming pool. Seller cannot provide access to the home due to unstable balcony. We are working on getting this resolved. RESERVE AUCTION –Property is listed with no access. NO VIEWINGS. "As is" sale with no contingencies or inspections.

Investor Tools

Property Icon
$631,000
Estimated Property Value
$320,000Estimated Mortgage Balance
$463,627Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,786 /month
Positive
Cash Flow Estimate:
$1,262 /month

Interested in this property?

Lori Brown

REALHome Services & Solutions

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$804/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,497
$538,021
2025
$218,750
$319,271
$538,021
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,497
$538,021

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Long Beach Mortgage Co
Unknown
$320,000
No
First
Jan 24, 2005
Feb 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$167,373
$463,627
73%
27%
$2,216/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$2,216/mo
+$364/mo
4.9%

Learn About the Market: Opportunity in Houston

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

406 Emerson St | Property Details | No Agent List