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$353,000

450 Lenard St, Houston, TX, 77009

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths977 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$358.14 / sqft
Year BuiltBuilt in 1920

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher, Dryer, Refrigerator, Washer
FlooringTile, Wood

Exterior

Lot Size5,702 sqft

Building Information

Year Built1920
Stories1

Land Information

APN0150390050009
Lot Number9
SubdivisionGabert
Land UseResidential
Legal DescriptionLT 9 BLK 5 GABERT SEC 2
Census Tract511600
Assessed Land Value$142,500
Assessed Improvement Value$183,970
Assessment Year2025

About this property

Absolute charmer tucked into a quiet pocket of the city, just a few blocks from the bustling Heights Farmers Market! This 2 bedroom, 2 bathroom home was renovated to the studs in 2016 and offers nods to the original charm of the home, while providing modern day amenities. The large front porch is covered and overlooks the fully fenced from yard, and leads to the charming entry to the home. An open concept living, dinette and kitchen area feature real hardwood flooring, neutral gray walls, lots of windows for natural light and tastefully selected finishes. The bedrooms are separate from the living areas through a wide cased opening. The primary bedroom features a large walk-in shower with seamless glass enclosure as well as a custom walk-in closet. The second bedroom is just off of the main hallway bathroom that serves guests easily with its proximity to the main living spaces. A large backyard features a semi-finished storage room which could serve many purposes!

Investor Tools

Property Icon
$353,000
Estimated Property Value
$0Estimated Mortgage Balance
$353,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,118 /month
Positive
Cash Flow Estimate:
$706 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$759/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,344
$326,470
2025
$142,500
$183,970
$326,470
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,344
$326,470

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$357,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
N/A
+$1,307/mo
4.4%

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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