Last 24 Hours
$1,800,000
511 Gulf Bank Rd # 6, Houston, TX, 77037
On Market
Commercial
— Beds
— Bath
5,800 Sq Ft
Multi Family
$310.34 / sqft
Built in 1960Highlights
Interior
Bedrooms —
Bathrooms —
Garage AvailableExterior
Lot Size3.33 acres
Building Information
Year Built1960
Garage Spaces2
Land Information
APN0552280660001
SubdivisionHill W L
Land UseCommercial
Legal DescriptionTRS 66A 66C & 66D HILL W L
Census Tract221702
Assessed Land Value$300,925
Assessed Improvement Value$238,863
Assessment Year2025
About this property
This commercial property at 511 Gulf Bank presents an exceptional opportunity for investors seeking to leverage current tenants and future expansion potential. Spanning over 4.5 acres, this prime location is perfect for developing a commercial building. With multiple detached dwellings and a metal shop totaling over 6,000 square feet of space, this multi-family property offers ample room for growth. The property sits on a 2 spacious lots measuring 196,590 square feet. Don't miss this chance to own a lucrative commercial property in a highly desirable area.
Investor Tools
$0Estimated Mortgage Balance
$539,788Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,800 /month
Positive
Cash Flow Estimate:
$3,600 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$603/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,537
$539,788
2025
$300,925
$238,863
$539,788
No
Tax History
Year
Tax Paid
Assessed Value
2024
$4,537
$539,788
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$539,788
100%
0%
$0/mo
12.4%