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$1,385,000

840 Cortlandt St # 8, Houston, TX, 77007

$1,591,111 ARVInfo
On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths4,116 Sq Ft
price_per_sqft$336.49 / sqft
Year BuiltBuilt in 1920

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
Garage AvailableGarage Available
AppliancesRange, Refrigerator
FlooringTile, Wood, Hardwood

Exterior

Lot Size8,581 sqft

Building Information

Year Built1920
Garage Spaces4

Land Information

APN0202450000021
Lot Number22
SubdivisionHouston Heights
Land UseCommercial
Legal DescriptionLT 22 & TR 21 BLK 249 HOUSTON HEIGHTS
Census Tract510400
Assessed Land Value$858,000
Assessed Improvement Value$375,061
Assessment Year2025

About this property

A rare opportunity in the heart of the Heights, 840 Cortlandt is an iconic 100+ year-old eight-unit property, lovingly maintained by the same owner for 50 years. Set on an 8,580 sq ft lot just steps from White Oak Dr, Harvard Elementary, Heights Mercantile and the hike & bike trail, the property is currently occupied with long-term tenants. Interiors retain the character of the original home with hardwood floors, subway tile and timeless finishes. The main building includes four 1-bedroom units and two studios, while the garage offers two additional 2-bedroom apartments. Alley access and parking for eight vehicles. Designated historic, commercial and multifamily, this is a truly unique property in a prime Heights location. Garage apartments are 1,296 sq ft and are not included in the listed building square footage. Hold as an income producing investment property or build out your dream home. Freshly painted exterior. See listing attachments for rent roll, updates and unit details.

Investor Tools

$8,747Estimated Mortgage Balance
$1,224,314Estimated Equity
99% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$1,591,110
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,310 /month
Positive
Cash Flow Estimate:
$2,770 /month

Interested in this property?

Eileen Smedley

Realty Of America, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,658/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$25,725
$1,233,061
2025
$858,000
$375,061
$1,233,061
No

Tax History

Year
Tax Paid
Assessed Value
2024
$25,725
$1,233,061

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Accubanc Mtg Corp
Commercial
$71,070
No
First
Dec 23, 1998
Jan 2029

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$8,747
$1,224,314
99%
1%
$427/mo

City: Houston

840 Cortlandt St # 8 | Property Details | No Agent List