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$126,000

NAL Estimated Property Value

4502 Octavia St, Houston, TX, 77026

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,000 Sq Ft
price_per_sqft$85 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
HeatingHeating
AppliancesGas Oven, Free-Standing Range, Gas Range
FlooringVinyl

Exterior

Lot Size5,001 sqft

Building Information

Year Built1940

Land Information

APN0040270000001
Lot Number1
SubdivisionAugusta
Land UseResidential
Legal DescriptionLT 1 BLK 21 AUGUSTA
Census Tract211102
Assessed Land Value$51,255
Assessed Improvement Value$36,212
Assessment Year2025

About this property

Prime Location Near Downtown! This high-potential lot sits just 10 minutes from downtown Houston, offering a fantastic opportunity for investors. The property features two houses—one in need of repairs and the other requiring a full rehab or teardown. With the right vision, this could be transformed into a profitable rental, flip, or new development. Don’t miss this chance to invest in a rapidly growing area!

Investor Tools

Property Icon
$126,000
Estimated Property Value
$55,104Estimated Mortgage Balance
$70,896Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$756 /month
Positive
Cash Flow Estimate:
$252 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$120/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$811
$87,467
2025
$51,255
$36,212
$87,467
Yes (2022)

Tax History

Year
Tax Paid
Assessed Value
2024
$811
$87,467

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mrugesh R Parikh
Purchase Money Mortgage
$56,350
No
First
Feb 14, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$55,104
$80,896
59%
44%
$338/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$338/mo
+$1,384/mo
16.4%

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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4502 Octavia St | Property Details | No Agent List