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$575,000

408 E 34th St, Houston, TX, 77018

On MarketInfo
Just AddedInfo
CommercialInfo
Beds2 Beds
Baths1 Bath
Baths2,366 Sq Ft
Multi FamilyMulti Family
price_per_sqft$243.03 / sqft
Year BuiltBuilt in 2026

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
HeatingHeating
AppliancesDisposal, Microwave, Dishwasher
FlooringTile, Vinyl

Exterior

Exterior FeaturesBalcony
Lot Size6,251 sqft

Building Information

Year Built1945
Stories1

Land Information

APN0210930000005
Lot Number5,6
SubdivisionIndependence Heights
Land UseResidential
Legal DescriptionLTS 5 & 6 BLK 23 INDEPENDENCE HEIGHTS
Census Tract530300
Assessed Land Value$175,000
Assessed Improvement Value$30,848
Assessment Year2025

About this property

NEW CONSTRUCTION DUPLEX in Houston's desirable Independence Heights featuring modern design and premium finishes including quartz countertops, luxury vinyl plank flooring, contemporary fixtures, and energy-efficient features throughout both units. Perfectly positioned minutes from Downtown Houston, The Heights, Washington Avenue Corridor, and Medical Center with easy access to major highways. This exceptional investment opportunity offers dual income streams ideal for long-term or short-term rentals in a rapidly appreciating neighborhood. Whether you're looking to live in one unit while renting the other or maximize rental income from both sides, this property delivers modern luxury in a strategic location. Open-concept floor plans maximize space and natural light while meticulously designed for modern living to complete each unit. Don't miss this rare opportunity to own new construction in one of Houston's most sought-after emerging areas. Both 408 & 410 are individually for sale.

Investor Tools

Property Icon
$224,000
Estimated Property Value
$833,496Estimated Mortgage Balance
$0Estimated Equity
-272% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,450 /month
Positive
Cash Flow Estimate:
$1,150 /month

Interested in this property?

Michael Stavinoha

Keller Williams Memorial

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$452/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,307
$205,848
2025
$175,000
$30,848
$205,848
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,307
$205,848

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Building Or Construction Loan
$833,496
No
First
Mar 25, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$816,314
N/A
0%
364%
$4,998/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$4,998/mo
$-3,691/mo
7.0%

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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408 E 34th St | Property Details | No Agent List