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$795,000

NAL Estimated Property Value

606 W Drew St, Houston, TX, 77006

Off MarketInfo
CommercialInfo
Beds7 Beds
Baths4 Bath
Baths2,956 Sq Ft
Multi FamilyMulti Family
price_per_sqft$228.35 / sqft
Year BuiltBuilt in 1909

Highlights

Interior

Bedrooms 7Bedrooms 7
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Disposal, Microwave, Dishwasher, Refrigerator
FlooringCarpet, Tile, Wood, Hardwood

Exterior

Exterior FeaturesPrivate Entrance, Balcony
Lot Size5,001 sqft

Building Information

Year Built1909
Garage Spaces4

Land Information

APN0370720000007
Lot Number7
SubdivisionWeston
Land UseResidential
Legal DescriptionLT 7 BLK 8 WESTON
Census Tract410502
Assessed Land Value$500,000
Assessed Improvement Value$266,683
Assessment Year2025

About this property

Charming restored/partially remodeled (in 1999) Victorian triplex with a recent garage apartment added (in 2002) in the heart of Montrose. All units are 2 bedrooms with quality hardwoods in two of the units, including carpet, central A/C, extra high ceilings in the top unit with a local artists touch. The property is fully fenced with an auto driveway gate. Excellent curb appeal with recent custom landscaping, low maintenance artificial grass to be completed by 10/21, stone gravel, and featuring a lovely, large, & characteristic front yard tree. Washer and dryer included in each unit. Excellent investment opportunity. Close to fun and funky restaurants, coffee shops, & bars but tucked away from the noise and major traffic routes.

Investor Tools

Property Icon
$795,000
Estimated Property Value
$0Estimated Mortgage Balance
$7,136Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,770 /month
Positive
Cash Flow Estimate:
$1,590 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,567/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,825
$766,683
2025
$500,000
$266,683
$766,683
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,825
$766,683

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$842,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
N/A
+$1,960/mo
3.0%

City: Houston

606 W Drew St | Property Details | No Agent List