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$4,881,000

NAL Estimated Property Value

5716 Pickfair Street 28-44, Houston, TX, 77026

Off MarketInfo
CommercialInfo
Beds2 Beds
Baths1 Bath
Baths34,148 Sq Ft
price_per_sqft$102.47 / sqft
Year BuiltBuilt in 1965

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling

Building Information

Year Built1965

Land Information

APN1424430010044
Land UseResidential Condo
Legal DescriptionUNIT 44 .0227 INT COMMON LAND & ELE ASHWOOD AT 610 CONDO
Census Tract230200
Assessed Land Value$17,262
Assessed Improvement Value$73,593
Assessment Year2025

About this property

Rare opportunity to acquire all units within Ashwood at 610 Condominiums—an investor-ready community of detached, individually platted 2-bedroom, 1-bathroom homes, each ranging from approximately 768–780 sq ft. Strategically located near major freeways and just minutes from downtown Houston, this portfolio offers strong rental upside with a mix of short- and long-term leases currently in place. Six units have undergone full renovations, including upgraded electrical and plumbing systems, luxury vinyl plank flooring, redesigned kitchens, and in-unit washer/dryer hookups to enhance tenant appeal. All units are being sold together as a single offering (MLS# 63320963 & 78886303), ideal for multifamily investors or developers seeking a turnkey, income-producing asset with long-term value and redevelopment potential. Contact the listing agent for rent roll, occupancy status, and additional financials.

Investor Tools

Property Icon
$4,881,000
Estimated Property Value
$4,839,566Estimated Mortgage Balance
$41,434Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$29,286 /month
Positive
Cash Flow Estimate:
$9,762 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,192/month
$1,680/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,904
$90,855
2025
$17,262
$73,593
$90,855
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,904
$90,855

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Conventus Llc
Building Or Construction Loan
$4,860,646
No
First
Feb 6, 2026
Mar 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$4,839,566
$41,434
0%
99%
$29,143/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$30,823/mo
$-29,516/mo
0.3%

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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5716 Pickfair Street 28-44 | Property Details | No Agent List