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Days257Days on Market
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$385,000

7112 Avenue L, Houston, TX, 77011

On MarketInfo
CommercialInfo
Beds3 Beds
Baths2 Bath
Baths1,500 Sq Ft
Multi FamilyMulti Family
price_per_sqft$256.67 / sqft
Year BuiltBuilt in 2019

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Disposal, Microwave, Dishwasher, Refrigerator
FlooringCarpet, Laminate, Tile

Exterior

Lot Size5,088 sqft

Building Information

Year Built2018
Garage Spaces1

Land Information

APN0251840000055
Lot Number25
SubdivisionMagnolia Park
Land UseResidential
Legal DescriptionLTS 25 L & TR K1 BLK 100 MAGNOLIA PARK SEC 2
Census Tract311002
Assessed Land Value$90,765
Assessed Improvement Value$253,195
Assessment Year2025

About this property

Nestled in Houston’s vibrant EaDo district, just minutes from Downtown, this versatile property offers comfort, convenience, and strong income potential. The main home features 3 bedrooms and 2 bathrooms, along with stainless steel appliances, a full-size washer and dryer, and an extra-wide driveway secured by an electric gate. In addition, the property includes a separate guest home fully remodeled in 2023, complete with new appliances, a stackable washer and dryer, window coverings, and central A/C. The guest home is currently leased, providing immediate rental income, while the front home is vacant and ready for owner occupancy or new tenants. With separate utility meters for each residence, this property presents a fantastic opportunity for investors or owner-occupants looking to offset their costs with rental income. This property is in an economic development zone. After 10 years no capital gains tax based on how it’s structured.

Investor Tools

$203,101Estimated Mortgage Balance
$177,899Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,310 /month
Positive
Cash Flow Estimate:
$770 /month

Interested in this property?

Alison Briscoe

CB&A, Realtors- Loop Central

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$690/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,375
$343,960
2025
$90,765
$253,195
$343,960
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,375
$343,960

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amcap Mortgage Ltd
Conventional
$236,000
No
First
Jun 24, 2019
Jul 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$203,101
$177,899
46%
53%
$1,415/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,415/mo
+$307/mo
5.4%

Learn About the Market: Opportunity in Houston

Local Market Pages
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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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7112 Avenue L | Property Details | No Agent List