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Days96Days on Market
Views1view

$2,150,000

5420 Fatima Lane, Houston, TX, 77091

On MarketInfo
Baths0 Bath
Baths1,810 Sq Ft

Highlights

Interior

Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size1,424 sqft

Building Information

Year Built1925
Garage Spaces8

Land Information

APN1427640010019
Lot Number19
Land UseResidential Single Family
Legal DescriptionLT 19 BLK 1 MARCELLA PLACE
Census Tract530600
Assessed Land Value$102,814
Assessed Improvement Value$79,617
Assessment Year2025

About this property

Exceptional shovel-ready development opportunity at 5420 Fatima Lane in Independence Heights. The 55,378 SF site has been fully subdivided for a 32-home single-family residential community known as Marcella Place. Extensive pre-development work has been completed, allowing a developer to move quickly toward vertical construction. The project includes approved civil engineering plans, drainage design, water line connections, storm & sanitary permits + full architectural approvals in place. Architectural plans include three thoughtfully designed layouts ranging approximately 1,703 to 1,810 SF w 3 bedrooms & 2.5 baths + yards, providing a clear path forward for immediate development. This offering presents a rare opportunity to acquire a fully entitled residential development site in the rapidly growing Independence Heights area with significant planning and permitting already secured. Full development plans, permits, engineering documents & supporting materials available upon request.

Investor Tools

$0Estimated Mortgage Balance
$317,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$12,900 /month
Positive
Cash Flow Estimate:
$4,300 /month

Interested in this property?

Michael Afshari

OakHouse Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$359/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,724
$182,431
2025
$102,814
$79,617
$182,431
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,724
$182,431

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$317,000
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
6.5%

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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