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$125,000

413 Lynn St, South Houston, TX, 77587

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths832 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$150.24 / sqft
Year BuiltBuilt in 1949

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size7,200 sqft

Building Information

Year Built1949
Stories1
Garage Spaces2

Land Information

APN0751150020016
Lot Number16
SubdivisionMerilyn Place
Land UseResidential
Legal DescriptionLT 16 MERILYN PLACE SEC 2
Census Tract321401
Assessed Land Value$69,607
Assessed Improvement Value$48,526
Assessment Year2025

About this property

Rare opportunity in South Houston! This property is being offered at lot value only and presents an excellent opportunity for redevelopment, new construction, or an investment project. The property backs up to Kolb St, which may provide potential for additional access options or future design flexibility. Buyers are encouraged to verify with the city all requirements, permits, and possibilities regarding rear access, reconstruction, zoning, and development. The existing structure is in significant disrepair and is being sold strictly as-is. Use extreme caution if entering the home.

Investor Tools

Property Icon
$118,133
Estimated Property Value
$0Estimated Mortgage Balance
$118,133Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$750 /month
Positive
Cash Flow Estimate:
$250 /month

Interested in this property?

Elizabeth Ojeda

Mersaes Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$51/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$26
$118,133
2025
$69,607
$48,526
$118,133
No

Tax History

Year
Tax Paid
Assessed Value
2024
$26
$118,133

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$118,133
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
N/A
+$1,307/mo
13.3%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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.

Explore Texas Explore This Area
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: South Houston

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413 Lynn St | Property Details | No Agent List