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$1,926,918

502 West Alabama Street 25, Houston, TX, 77006

Off MarketInfo
LeaseInfo
Beds2 Beds
Baths1 Bath
Baths1,100 Sq Ft
price_per_sqft$1.23 / sqft
Year BuiltBuilt in 1960

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling
AppliancesDisposal, Dishwasher

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

*ALL BILLS PAID!* LOCATION LOCATION! MONTROSE 2 BED! Upgraded. Used to be 3 separate units combined into one huge one. Available for showing now and available for immediate move in. Gated complex. Perfect for someone wanting to be close to everything while saving money. Easy to move into, just have deposit+rent. Apply, pay, and work requests all online. Units are cute and clean with fresh paint, new flooring (no carpet), light fixtures/fans. Building has COVERED off street parking, onsite washer/dyer AND in the heart of the Westmoreland subdivision in Montrose. So it's super walkable area. Pretty much the best area of Montrose (and thus best area of Houston -- IMO)

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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
$1,101,030
$825,888
42%
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.

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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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502 West Alabama Street 25 | Property Details | No Agent List