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$749,000

4207 Drake Street, Houston, TX, 77005

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths4,208 Sq Ft
price_per_sqft$177.99 / sqft
Year BuiltBuilt in 1966

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling
AppliancesRange, Disposal, Dishwasher, Refrigerator
FlooringCarpet, Tile, Vinyl, Carpets

Exterior

Exterior FeaturesBalcony
Lot Size5,001 sqft

Building Information

Year Built1966

Land Information

APN0552860000014
Lot Number14
SubdivisionCollege Court Pl
Land UseCommercial
Legal DescriptionLT 14 BLK 11 COLLEGE COURT PLACE
Census Tract411801
Assessed Land Value$650,000
Assessed Improvement Value$119,726
Assessment Year2025

About this property

This Six-Unit Apartment Complex In West University Place Offers A Smart Opportunity For Investors Looking For A Strong Inner-Loop Location W/Lasting Demand. The unit mix includes 3- 2-bedroom/1-bath units, 2- 1-bedroom/1-bath units & 1- studio w/a full kitchen & bath, making it easy to attract a wide range of tenants. Each unit has its own personality, W/neutral updated finishes & practical kitchens & baths designed for comfortable living & easy upkeep. Select units offer extras such as skylights, built-in storage, extended vanities & in-unit laundry, helping support tenant satisfaction & retention. The property delivers charming curb appeal w/classic brick construction, mature trees & a welcoming shared courtyard. Located just blocks from Loop 610 & US-59/69, w/quick access to the Galleria, Texas Medical Center, Rice University, Downtown Houston, dining, shopping & public transportation. prime location, unit diversity & tenant-friendly features make this a solid long-term investment.

Investor Tools

$0Estimated Mortgage Balance
$769,726Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,618 /month
Positive
Cash Flow Estimate:
$1,539 /month

Interested in this property?

Shawn Manderscheid

eXp Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,713/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$16,713
$769,726
2025
$650,000
$119,726
$769,726
No

Tax History

Year
Tax Paid
Assessed Value
2024
$16,713
$769,726

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$769,726
100%
0%
$0/mo

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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4207 Drake Street | Property Details | No Agent List