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$242,029

NAL Estimated Property Value

7308 La Paseo Street B, Houston, TX, 77087

Off MarketInfo
LeaseInfo
CommercialInfo
Beds2 Beds
Baths1 Bath
Baths1,490 Sq Ft
Multi FamilyMulti Family
price_per_sqft$0.74 / sqft
Year BuiltBuilt in 2001

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Gas Range
FlooringTile

Exterior

Lot Size7,318 sqft

Building Information

Year Built1950

Land Information

APN0720920060018
Lot Number18
SubdivisionOakland Plaza
Land UseResidential
Legal DescriptionLT 18 BLK 14 OAKLAND PLAZA SEC 1
Census Tract332600
Assessed Land Value$48,720
Assessed Improvement Value$193,309
Assessment Year2025

About this property

Great rental home in the Southeast side of town, freshly updated and ready for its new tenant. It features three large bedrooms, 2 stand up showers, an open concept with ligivng/dinning/kitchen area. Utility room is inside the house. Covered patio for two cars. Central location and close to 610 % I-45, downtown, shopping Centers and restaurants. This property DOES shares parking and utilities with another property in the front (electricity, water, sewer, trash, gas & yard maintenance). There is no Backyard, only what you see in pictures at the front carport.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$512/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,933
$242,029
2025
$48,720
$193,309
$242,029
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,933
$242,029

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Crosscountry Mortgage Llc
Conventional
$156,750
No
First
Oct 11, 2023
Dec 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$149,388
$92,641
38%
62%
$940/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$940/mo
+$367/mo
6.5%

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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7308 La Paseo Street B | Property Details | No Agent List