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$1,580,000

5307/9/11/13 Palmetto Street, Houston, TX, 77081

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths1,050 Sq Ft
price_per_sqft$1,504.76 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central

Exterior

Lot Size7,079 sqft

Building Information

Year Built1955
Stories1
Garage Spaces1

Land Information

APN0771170020005
Lot Number5
SubdivisionPalmetto Plaza
Land UseResidential
Legal DescriptionLT 5 BLK 2 PALMETTO PLAZA
Census Tract421501
Assessed Land Value$177,000
Assessed Improvement Value$57,953
Assessment Year2025

About this property

Rare opportunity to acquire 4 adjacent lots boasting a combined lot size of 28,000 SF, making it perfect for a small community project. Prime location near Bellaire High School and the Medical Center. Convenient access to major highways I-69 and 610. Total Portfolio Available: 6503 Mapleridge, 4505/4047 Larch Ln, 5419 Gufton, 8117 McAvoy. Contact listing agent for more details. DO NOT DISTURB THE TENANTS.

Investor Tools

$0Estimated Mortgage Balance
$234,953Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,480 /month
Positive
Cash Flow Estimate:
$3,160 /month

Interested in this property?

Joseph Ray Diosana

Keller Williams Memorial

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$493/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,742
$234,953
2025
$177,000
$57,953
$234,953
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,742
$234,953

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$234,953
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
N/A
+$1,722/mo
8.8%

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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