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Days26Days on Market
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$925

502 West Alabama Street 20, Houston, TX, 77006

On MarketInfo
LeaseInfo
Baths1 Bath
Baths500 Sq Ft
price_per_sqft$1.85 / sqft
Year BuiltBuilt in 1960

Highlights

Interior

Bathrooms Full 1Bathrooms Full 1
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling

Exterior

Lot Size13,752 sqft

Building Information

Year Built1960
Stories2

Land Information

APN0370400000001
Lot Number1,2
SubdivisionWestmoreland
Land UseCommercial
Legal DescriptionLTS 1 & 2 BLK 12 WESTMORELAND
Census Tract410704
Assessed Land Value$1,581,250
Assessed Improvement Value$345,668
Assessment Year2025

About this property

Welcome to our charming 25-unit apartment community nestled in the heart of Montrose at 502 W Alabama. Discover the perfect balance of comfort and convenience in our spacious studio apartments, offering approximately 700 square feet of living space. Enjoy hassle-free living with on-site laundry facilities and parking available, ensuring that your daily needs are met with ease. Our prime location places you near the University of St. Thomas and Midtown, offering easy access to vibrant educational and entertainment hubs. Let our dedicated team assist you! For more information about this fantastic property, don't hesitate to get in touch with us.

Interested in this property?

Cody Lutsch

Prime Texas Properties

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$4,337/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$42,411
$1,926,918
2025
$1,581,250
$345,668
$1,926,918
No

Tax History

Year
Tax Paid
Assessed Value
2024
$42,411
$1,926,918

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Readycap Commercial Llc
Commercial
$1,425,000
No
First
Oct 1, 2015
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,094,753
$832,165
43%
57%
$8,544/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.

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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502 West Alabama Street 20 | Property Details | No Agent List