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$140,000

422 W Burleson Street, Wharton, TX, 77488

On MarketInfo
CommercialInfo
Beds1 Beds
Baths1 Bath
Baths1,144 Sq Ft
Multi FamilyMulti Family
price_per_sqft$122.38 / sqft
Year BuiltBuilt in 1950

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 2Bathrooms Full 2
AppliancesRefrigerator
FlooringTile, Wood

Exterior

Lot Size7,610 sqft

Building Information

Year Built1950

Land Information

APN15513
Lot Number23
SubdivisionGallaher
Land UseResidential
Legal DescriptionGALLAHER LOT 23
Census Tract740300
Assessed Land Value$11,875
Assessed Improvement Value$116,604
Assessment Year2025

About this property

This duplex is situated on a residential lot within the city limits of Wharton and features two separate units under one roof. The structure is a single-story building with a traditional layout, each unit offering its own private entry. The exterior includes a combination of siding materials, a pitched roofline, and a standard driveway approach from W Burleson Street. The lot provides a front yard area with additional open space toward the rear of the property. The surrounding neighborhood consists of single-family homes and small multifamily structures with convenient access to local schools, parks, and community amenities.

Investor Tools

$39,974Estimated Mortgage Balance
$108,026Estimated Equity
72% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$888 /month
Positive
Cash Flow Estimate:
$296 /month

Interested in this property?

Stacie Hoyt

Texas Southern Real Estate LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$284/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,666
$128,479
2025
$11,875
$116,604
$128,479
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,666
$128,479

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$56,250
No
First
Jul 19, 2013
Aug 2043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$39,974
$108,026
72%
27%
$0/mo

Learn About the Market: Opportunity in Texas

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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: Wharton

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422 W Burleson Street | Property Details | No Agent List