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$499,000

502 Anita St, Houston, TX, 77006

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths3 Bath
Baths2,490 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$200.4 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dishwasher

Exterior

Lot Size1,951 sqft

Building Information

Year Built1999
Stories3
Garage Spaces2

Land Information

APN0132390000012
SubdivisionFairgrounds
Land UseResidential
Legal DescriptionTR 8A BLK 21 FAIRGROUNDS
Census Tract410601
Assessed Land Value$156,000
Assessed Improvement Value$254,203
Assessment Year2025

About this property

Located on a spacious corner lot with a two-car garage, this one-of-a-kind home offers exceptional walkability to the best of Montrose and Midtown. The longtime home of renowned Houston muralist Sebastien Boileau ("Mr. D 1987"), the residence reflects a thoughtful balance of creativity, functionality, and indoor-outdoor living. Spacious, professionally landscaped side yard with a spa creates a private retreat in the heart of the city, while the rooftop terrace offers sweeping views of the Houston skyline. Extensive recent remodeling and upgrades include professionally designed hardscape and landscaping, along with the addition of two versatile flex spaces created from enclosed patios—ideal for a home office, fitness studio, creative workspace, or additional living area. Located on a highly reliable power grid, the home has rarely experienced power interruptions during major Houston weather events. All appliances are included. In a market full of lookalikes, this is the unicorn.

Investor Tools

$0Estimated Mortgage Balance
$410,203Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,994 /month
Positive
Cash Flow Estimate:
$998 /month

Interested in this property?

Michelle Reyna

The Reyna Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$691/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,245
$410,203
2025
$156,000
$254,203
$410,203
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,245
$410,203

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$584,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
N/A
+$2,580/mo
7.5%

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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502 Anita St | Property Details | No Agent List