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$631,831

NAL Estimated Property Value

4128 Lamar St, Houston, TX, 77023

Off MarketInfo
CommercialInfo
Beds3 Beds
Baths3 Bath
Baths2,430 Sq Ft
Multi FamilyMulti Family
price_per_sqft$178.97 / sqft
Year BuiltBuilt in 1935

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Microwave, Refrigerator
FlooringLaminate, Tile, Wood

Exterior

Lot Size7,501 sqft

Building Information

Year Built1935
Stories2

Land Information

APN0550910000006
Lot Number7
SubdivisionWoodleigh
Land UseResidential
Legal DescriptionLT 7 & TR 6 BLK 7 WOODLEIGH
Census Tract310300
Assessed Land Value$250,000
Assessed Improvement Value$381,831
Assessment Year2025

About this property

Rare opportunity to own a beautiful triplex in the Eastwood area. Great location near the University of Houston, Downtown, Medical Center, Discovery Green. Great investments property that will continue to go up in value. 3 units each with bathroom and kitchen. Rental rates are 1200-1500 per unit, currently vacant. 3 separate meters on the property are on a huge double lot with new construction all around the area. Long driveway and street parking. Price reflects home needs a little TLC. Make your appointment today won't last long.

Investor Tools

Property Icon
$631,831
Estimated Property Value
$396,359Estimated Mortgage Balance
$235,472Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,791 /month
Positive
Cash Flow Estimate:
$1,264 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,279/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,187
$631,831
2025
$250,000
$381,831
$631,831
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,187
$631,831

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nations Reliable Lending Llc
Conventional
$283,125
No
First
Nov 17, 2021
Dec 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$396,359
$235,472
37%
63%
$2,538/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$2,538/mo
$-312/mo
4.2%

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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4128 Lamar St | Property Details | No Agent List