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$1,150

421 Emerson St Apt 5, Houston, TX, 77006

On MarketInfo
Beds1 Beds
Baths1 Bath
Baths600 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.92 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Free-Standing Range, Dishwasher, Oven
FlooringLaminate, Tile

Building Information

Year Built1969
Stories1

Land Information

APN1094910000005
Land UseResidential
Legal DescriptionUNIT 5 BLDG A 11.32% INT COMMON LAND & ELE EMERSON CONDO 3RD AMEND
Census Tract410704
Assessed Land Value$27,965
Assessed Improvement Value$119,220
Assessment Year2025

About this property

Discover the perfect blend of modern style and neighborhood charm in this updated 1-bedroom, 1-bathroom condo nestled in the heart of Montrose. This second-floor gem faces the quiet, tree-lined Emerson Street, featuring expansive windows that flood the space with natural light. The interior boasts a sleek, low-maintenance design with granite countertops and custom tile in the kitchen and bath, complemented by contemporary vinyl plank flooring throughout the living areas. Ideally suited for professionals or those looking to downsize, this home offers a seamless commute with rapid access to Downtown Houston, Midtown, and the Texas Medical Center. Experience the best of inner-loop living with Houston’s top-rated dining, nightlife, and cultural landmarks just steps from your front door. Whether you're a first-time renter or seeking a refined urban retreat, this Montrose real estate opportunity delivers both convenience and sophistication.

Investor Tools

Property Icon
$151,000
Estimated Property Value
$111,200Estimated Mortgage Balance
$50,814Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$906 /month
Positive
Cash Flow Estimate:
$302 /month

Interested in this property?

Tamara Mohl

Nan & Company Properties - Corporate Office (Heights)

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$320/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,080
$147,185
2025
$27,965
$119,220
$147,185
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,080
$147,185

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Newrez Llc
Conventional
$111,200
No
First
May 29, 2021
Jul 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$100,578
$62,422
38%
67%
$667/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$667/mo
+$1,293/mo
15.6%

Learn About the Market: Opportunity in Houston

Local Market Pages
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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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421 Emerson St Apt 5 | Property Details | No Agent List