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Days61Days on Market
Views1view

$189,000

5315 Terry Street, Houston, TX, 77009

On MarketInfo
Baths0 Bath
Baths1,387 Sq Ft

Highlights

Interior

Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size2,500 sqft

Building Information

Year Built1948

Land Information

APN1427010010001
Lot Number1
Land UseResidential Single Family
Legal DescriptionLT 1 BLK 1 MARDER HEIGHTS
Census Tract210700
Assessed Land Value$87,500
Assessed Improvement Value$9,224
Assessment Year2025

About this property

TWO LOTS – DEVELOPER OPPORTUNITY! A true developer special with all groundwork already completed. The property has been fully subdivided and recorded into two lots. The current and recorded plat includes front-loading homes with separate driveway/access for each lot—an arrangement that is no longer permitted under current city regulations, making this an extremely rare and valuable approved configuration to build two front-loaders! Options include two single-family homes (front-loaders), a larger custom single-family residence using both lots, or a townhome concept with shared driveway access. Existing structure may also be renovated. Surrounded by new construction directly across the street and throughout the surrounding area, this rapidly redeveloping neighborhood inside the 610 Loop offers strong upside potential with quick access to I-45, US-59, I-10, and the Hardy Toll Road. Distressed existing home is sold primarily for lot value. Priced to move in a high-demand area.

Investor Tools

$0Estimated Mortgage Balance
$220,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,320 /month
Positive
Cash Flow Estimate:
$440 /month

Interested in this property?

Fadi Albana

NextHome Centurion Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$260/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,024
$96,724
2025
$87,500
$9,224
$96,724
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,024
$96,724

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$220,000
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
9.4%

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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5315 Terry Street | Property Details | No Agent List