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$375,000

7006 Sherman St, Houston, TX, 77011

On MarketInfo
Beds1 Beds
Baths1 Bath
Baths1,479 Sq Ft
TriplexTriplex
price_per_sqft$253.55 / sqft
Year BuiltBuilt in 1938

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 2Bathrooms Full 2
HeatingHeating
AppliancesElectric Oven, Microwave, Electric Range, Free-Standing Range

Exterior

Lot Size5,502 sqft

Building Information

Year Built1938

Land Information

APN0390110000032
Lot Number32,33
SubdivisionCentral Park
Land UseResidential
Legal DescriptionLTS 32 & 33 BLK 21 CENTRAL PARK
Census Tract310900
Assessed Land Value$94,500
Assessed Improvement Value$193,858
Assessment Year2025

About this property

Investment opportunity in Houston’s East End! Newly renovated triplex offering strong income-producing potential for investors or owner-occupants. Each unit features abundant natural light, updated kitchens with stylish finishes, refreshed bedrooms and bathrooms, and an updated exterior with great curb appeal. Conveniently located near Downtown, UH, TSU, Midtown, Emancipation Park and EaDo, with easy access to DT destinations, education and entertainment. Add this multifamily property to your portfolio and take advantage of the area’s continued growth. Schedule your private tour today and explore the investment potential!

Investor Tools

$342,896Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,250 /month
Positive
Cash Flow Estimate:
$750 /month

Interested in this property?

Bobby Gallegos

Sierra Vista Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$364/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,929
$288,358
2025
$94,500
$193,858
$288,358
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,929
$288,358

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
New American Funding
Conventional
$347,985
No
First
Jul 9, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$342,896
N/A
0%
119%
$2,087/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$2,087/mo
+$139/mo
9.3%

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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7006 Sherman St | Property Details | No Agent List