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$816,493

NAL Estimated Property Value

505 W Polk St Apt 4, Houston, TX, 77019

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths815 Sq Ft
QuadruplexQuadruplex
price_per_sqft$1.71 / sqft
Year BuiltBuilt in 1932

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling
AppliancesConvection Oven, Electric Range, Free-Standing Range, Dryer, Refrigerator, Washer, Dishwasher, Oven
FlooringWood

Exterior

Exterior FeaturesCourtyard
Lot Size5,001 sqft

Building Information

Year Built1932
Garage Spaces1

Land Information

APN0570330000009
Lot Number9
SubdivisionAlden Place
Land UseCommercial
Legal DescriptionLT 9 BLK 3 ALDEN PLACE
Census Tract410202
Assessed Land Value$550,000
Assessed Improvement Value$266,493
Assessment Year2025

About this property

THE SIMPLE LIFE. Easy access to the downtown area and well maintained by the owner. This delightful 1 bedroom unit is located on the second level. Recently remodeled with brand new modern finishes. You will not regret moving here since your needs as a tenant will be a top priority. All rooms are equipped with ceiling fans. No carpet flooring in this home for allergy sufferers. The convection oven is fully insulated. It has a front & back patio for you to relax & enjoy your morning coffee. It has unassigned parking on the rear side of the property. Spacious rooms and stainless steel kitchen appliances with a brand new top-of-the-line stainless steel fridge. The Walk-in bedroom closet is cedar lined. Sewer, yard maintenance, on-site laundry, and trash pickup are all included as part of the lease. Act quickly - homes in this desirable location are snapped up fast! Come and take a look at this beauty - don't miss out! *NO smoking, PETS case by case and NO section 8*

Investor Tools

Property Icon
$816,493
Estimated Property Value
$286,125Estimated Mortgage Balance
$530,368Estimated Equity
64% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,899 /month
Positive
Cash Flow Estimate:
$1,633 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,769/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$17,148
$816,493
2025
$550,000
$266,493
$816,493
No

Tax History

Year
Tax Paid
Assessed Value
2024
$17,148
$816,493

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Inc
Commercial
$374,600
No
First
Jun 24, 2015
Jul 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$286,125
$530,368
64%
35%
$2,246/mo

City: Houston

505 W Polk St Apt 4 | Property Details | No Agent List