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$899,900

NAL Estimated Property Value

625 & 637 Bonham Street, Paris, TX, 75460

Off MarketInfo
Baths0 Bath
ApartmentApartment
Year BuiltBuilt in 1920

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Interior

Bathrooms 0Bathrooms 0
AppliancesOther

About this property

This apartment complex has all of the charm you would expect from a 1920’s multi-residential building! This 16-Unit apartment complex consists of 7 Studio Apartments, 6 One Bedroom and One Bath units, 2 Two Bedroom and One Bath units, and lastly a recently added Three Bedroom and One and a half Bath unit. Owner currently pays all the utilities for these rentals and they are separately metered. Other features include a Full Basement Could be converted to additional apartment, a spacious Management Office and a Warehouse and Shop for storage of equipment and supplies. There is ample parking on either side of the building and a cozy fenced courtyard or play area. This property is completely fenced with 8 new foot cedar fencing and is minutes away from Downtown and Historical District. In addition to the real estate offered there is the commercial lot next door included for further development and improvement.

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Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,399 /month
Positive
Cash Flow Estimate:
$1,800 /month

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Financing Details

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

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Paris

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625 & 637 Bonham Street | Property Details | No Agent List