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$3,456,581

1901 Richmond Avenue 23, Houston, TX, 77098

Off MarketInfo
LeaseInfo
Baths1 Bath
Baths500 Sq Ft
price_per_sqft$1.78 / sqft
Year BuiltBuilt in 1960

Highlights

Interior

Bathrooms 1Bathrooms 1
Heating RadiantHeating Radiant

Exterior

Lot Size25,875 sqft

Building Information

Year Built1960

Land Information

APN0571210000012
SubdivisionRichmond Place
Land UseCommercial
Legal DescriptionTRS 12 THRU 16 BLK 1 RICHMOND PLACE
Census Tract410900
Assessed Land Value$2,975,625
Assessed Improvement Value$480,956
Assessment Year2025

About this property

LOCATION LOCATION! MONTROSE STUDIO! ALL BILLS PAID!! Welcome to 1901 Richmond, your cozy haven nestled in the vibrant Montrose neighborhood! Our charming 44-unit apartment community offers all bills paid studio apartments, ensuring a hassle-free living experience. Conveniently located near the University of St. Thomas, you'll enjoy easy access to campus as well as a plethora of dining, shopping, and entertainment options just steps from your door.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$7,467/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$72,324
$3,456,581
2025
$2,975,625
$480,956
$3,456,581
No

Tax History

Year
Tax Paid
Assessed Value
2024
$72,324
$3,456,581

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jason Fowell
Loan Amount Keyed Is An Aggregate Amount
$2,000,000
No
First
Jun 17, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,967,769
$1,488,812
43%
57%
$11,992/mo

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.

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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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1901 Richmond Avenue 23 | Property Details | No Agent List