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$1,357,380

427 Heights Boulevard, Houston, TX, 77007

Off MarketInfo
Baths0 Bath
Baths8,364 Sq Ft

Highlights

Interior

Bathrooms 0Bathrooms 0
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling

Exterior

Lot Size11,252 sqft

Building Information

Year Built1950
Stories2

Land Information

APN0210320000005
Lot Number5
SubdivisionHouston Heights
Land UseCommercial
Legal DescriptionLT 5 & TR 6A BLK 300 HOUSTON HEIGHTS
Census Tract510500
Assessed Land Value$900,000
Assessed Improvement Value$457,380
Assessment Year2025

About this property

Countless possibilities on this 11,250 sq. ft. lot in a prime location right along scenic Heights Blvd. While located in a historic district, this property is non-contributing, which means it could be torn down to make way for something new—dream home, ideal office space, thriving business...you name it! Alternatively, the existing 8,316 building could be repurposed for business or residential (it was once a fourplex!). There are 2 apartments upstairs and offices downstairs. The lot provides space for parking in front, a sizable parking lot around back, plus all the free street parking along the boulevard. Phenomenal restaurants all around, with White Oak Dr. and Heights Mercantile within a few blocks. Quick access to I-10, making for an easy drive to/from a variety of central Houston locations, including downtown and the Galleria.

Investor Tools

Property Icon
$1,357,380
Estimated Property Value
$0Estimated Mortgage Balance
$1,357,380Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,240 /month
Positive
Cash Flow Estimate:
$3,080 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,868/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$27,631
$1,357,380
2025
$900,000
$457,380
$1,357,380
No

Tax History

Year
Tax Paid
Assessed Value
2024
$27,631
$1,357,380

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,357,380
100%
0%
$0/mo

Learn About the Market: Opportunity in Houston

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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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427 Heights Boulevard | Property Details | No Agent List