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$539,888

1308 Hughes Street #6, Houston, TX, 77023

$701,854 ARVInfo
On MarketInfo
Beds2 Beds
Baths1 Bath
Baths6,592 Sq Ft
price_per_sqft$81.9 / sqft
Year BuiltBuilt in 1920

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
AppliancesRange, Disposal
FlooringLaminate, Wood, Hardwood

Exterior

Lot Size8,433 sqft

Building Information

Year Built1920
Stories1
Garage Spaces2

Land Information

APN0121290040014
Lot Number14,15
SubdivisionDissen Heights
Land UseResidential
Legal DescriptionLTS 14 & 15 BLK 4 DISSEN HEIGHTS
Census Tract310800
Assessed Land Value$201,495
Assessed Improvement Value$55,465
Assessment Year2025

About this property

Excellent income-producing opportunity in Houston’s revitalized East End! Situated on a 19,313 SF corner lot, this unique 6-unit multifamily property consists of two spacious 3BR/2BA homes with gas fireplaces plus two duplexes offering four 1BR/1BA units. Units feature hardwood or laminate flooring, window A/C, & assigned off-street parking, with additional parking for the larger residences. Gross Scheduled Rent at full occupancy is $72,600 annually/$6,050 monthly. Currently, 2 units are occupied, and 4 are vacant, creating significant lease-up and value-add potential for the next owner. Ideally located with easy access to I-45, I-69/US-59, I-610, I-10 & SH-225. Minutes from Downtown, UH, and the Texas Medical Center, with METRO within walking distance. Excellent opportunity to acquire 6 rental units on a substantial corner lot in an established East End neighborhood with continued growth and redevelopment. Strong rental demand & excellent long-term investment & appreciation potential.

Investor Tools

$0Estimated Mortgage Balance
$256,960Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$701,854
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,239 /month
Positive
Cash Flow Estimate:
$1,080 /month

Interested in this property?

Pualani Murillo

Urban Loop Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$500/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,714
$256,960
2025
$201,495
$55,465
$256,960
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,714
$256,960

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$256,960
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
N/A
+$1,307/mo
6.1%

City: Houston