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$420,000

5604 Elysian St, Houston, TX, 77009

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths1,828 Sq Ft
Year BuiltBuilt in 1940

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size10,001 sqft

Building Information

Year Built1940
Stories1
Garage Spaces2

Land Information

APN0311930000003
Lot Number3,4
SubdivisionRyon
Land UseResidential
Legal DescriptionLTS 3 & 4 BLK 193 RYON
Census Tract210700
Assessed Land Value$300,000
Assessed Improvement Value$77,489
Assessment Year2025

About this property

10,000 SQ FT LOT in Houston's rapidly growing NORTHSIDE with endless redevelopment potential. Ideal opportunity for BUILDERS, DEVELOPERS, and INVESTORS looking to build TOWNHOMES, SINGLE-FAMILY HOMES, or explore other development possibilities. Existing structure is being sold AS-IS and is considered a TEARDOWN with NO INTERIOR ACCESS. Level lot with plenty of space to bring your vision to life. Conveniently located with quick access to DOWNTOWN, I-45, I-610, Hardy Toll Road, METRORAIL, and major employment centers. Surrounded by ongoing redevelopment and new construction, making this an excellent opportunity to secure land in one of Houston's fastest-transforming areas. Rare opportunity with flexibility, size, and location.

Investor Tools

Property Icon
$377,489
Estimated Property Value
$59,850Estimated Mortgage Balance
$358,555Estimated Equity
84% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,520 /month
Positive
Cash Flow Estimate:
$840 /month

Interested in this property?

Isaigha McNeil

Corcoran Prestige Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$171/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$162
$377,489
2025
$300,000
$77,489
$377,489
No

Tax History

Year
Tax Paid
Assessed Value
2024
$162
$377,489

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Magnus Financial Corp
N/A
$59,850
N/A
First
Oct 14, 2002
Nov 2032

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$18,934
$358,555
94%
5%
$359/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$359/mo
+$1,363/mo
5.5%

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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5604 Elysian St | Property Details | No Agent List