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$615,000

422 E 41st Street, Houston, TX, 77022

PendingInfo
CommercialInfo
Beds3 Beds
Baths2 Bath
Baths2,984 Sq Ft
Multi FamilyMulti Family
price_per_sqft$206.1 / sqft
Year BuiltBuilt in 2025

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
HeatingHeating
AppliancesRange, Water Heater, Disposal, Microwave, Dishwasher
FlooringLaminate, Tile

Exterior

Exterior FeaturesPrivate Entrance
Lot Size5,005 sqft

Building Information

Year Built1948

Land Information

APN0620540180008
Lot Number8
SubdivisionWilladale
Land UseResidential
Legal DescriptionLT 8 BLK 18 WILLADALE SEC 3
Census Tract530400
Assessed Land Value$135,068
Assessed Improvement Value$40,551
Assessment Year2025

About this property

Set in the rapidly growing Independence Heights area, this newly completed duplex blends refined modern design with exceptional investment potential just minutes from Downtown Houston and the Heights. Each residence offers approximately 1,500 SF with 3 spacious bedrooms, 2 full baths, soaring ceilings, and an open-concept layout designed for comfortable everyday living and entertaining. A dramatic two-story entry, oversized solid-core doors, and abundant natural light create an elevated atmosphere throughout. Designer finishes include wide-plank waterproof flooring, quartz countertops, stainless steel appliances, recessed LED lighting, brushed nickel hardware, and integrated living room speakers. Built with quality in mind, the property features a drilled pier foundation, fire-rated construction, and private fenced outdoor spaces for each unit. Ideal for investors or owner-occupants seeking supplemental rental income in one of Houston’s fastest-growing neighborhoods.

Investor Tools

$455,516Estimated Mortgage Balance
$440,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,690 /month
Positive
Cash Flow Estimate:
$1,230 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$515/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,979
$175,619
2025
$135,068
$40,551
$175,619
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$3,979
$175,619

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Champions Funding Llc
Commercial
$457,500
No
First
Mar 2, 2026
Apr 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$455,516
N/A
0%
104%
$2,743/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$2,743/mo
$-1,436/mo
3.6%

City: Houston

422 E 41st Street | Property Details | No Agent List