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$715,000

907 W Melwood St, Houston, TX, 77009

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,456 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$580.36 / sqft
Year BuiltBuilt in 1920

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Gas Range, Dishwasher, Dryer, Refrigerator, Washer
FlooringTile, Wood

Exterior

Lot Size5,201 sqft

Building Information

Year Built1920
Garage Spaces2

Land Information

APN0621170000017
Lot Number17
SubdivisionEast Norhill
Land UseResidential
Legal DescriptionLT 17 BLK 204 EAST NORHILL
Census Tract511400
Assessed Land Value$468,000
Assessed Improvement Value$223,888
Assessment Year2025

About this property

Welcome to 907 W Melwood Street, a charming 2-bedroom, 2-bathroom bungalow tucked away on a quiet, tree-lined street in Historic Norhill. This classic home exudes timeless appeal with hardwood floors, crown moldings and plantation shutters throughout complete with a welcoming front porch. Renovated kitchen with bar seating open to den (could be converted to 3rd bedroom), Formal dining with French doors open to main living area overlooking front porch. In addition to the main house, the property includes a detached garage apartment with a large open room, full kitchen and bath. Enjoy being just minutes from the best of the Heights-local shops, White Oak restaurants, parks, and the Hike & Bike Trail— all while living in one the most walkable neighborhoods! Recent updates include: new roof, fresh interior and exterior paint*All per Seller. Rooms are approximate and should be independently verified.

Investor Tools

Property Icon
$715,000
Estimated Property Value
$399,327Estimated Mortgage Balance
$350,340Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,070 /month
Positive
Cash Flow Estimate:
$1,690 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,284/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,830
$691,888
2025
$468,000
$223,888
$691,888
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,830
$691,888

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Top One Mortgage
Conventional
$399,327
No
First
Oct 5, 2021
Nov 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$364,660
$366,340
50%
51%
$2,395/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$2,395/mo
$-1,088/mo
2.2%

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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