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$546,942

NAL Estimated Property Value

5609 Leeland St Apt 8, Houston, TX, 77023

Off MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths6,428 Sq Ft
price_per_sqft$124.46 / sqft
Year BuiltBuilt in 1950

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling

Exterior

Lot Size7,501 sqft

Building Information

Year Built1950
Stories2

Land Information

APN0532170000013
Lot Number13
SubdivisionSwope
Land UseCommercial
Legal DescriptionLT 13 & TR 14A BLK 3 SWOPE
Census Tract310800
Assessed Land Value$45,000
Assessed Improvement Value$501,942
Assessment Year2025

About this property

Presenting a prime investment opportunity in Houston's vibrant Lawndale - Wayside neighborhood, this partially renovated 8-unit multifamily complex at 5609 Leeland Street offers immediate rental income with all units currently 100% leased. Property Highlights include six 1/1 and 2 2/1. Recently renovated. Situated minutes from Interstate 45 and downtown Houston, residents have convenient access to the University of Houston, dining, shopping, and entertainment options The property operates as a fully leased asset. With 1-bedroom units renting at approximately $884 per month and 2-bedroom units at higher rates, reflecting the area's rental market. This well-maintained, income-producing property offers investors a stable return and potential for future appreciation in a sought-after Houston location.

Investor Tools

Property Icon
$546,942
Estimated Property Value
$418,068Estimated Mortgage Balance
$128,874Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,800 /month
Positive
Cash Flow Estimate:
$1,600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,143/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,985
$546,942
2025
$45,000
$501,942
$546,942
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,985
$546,942

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Simmons Bank
Commercial
$423,000
No
First
Sep 30, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$418,068
$128,874
23%
76%
$2,537/mo

City: Houston

5609 Leeland St Apt 8 | Property Details | No Agent List