2 months on rocket

116 Frawley St, Houston, TX, 77009

$399,000

Home List Price

$4,738*

Closing Credit

2 Bedrooms
1 Full Bath
2,643 SqFt
$151/SqFt
Multi

Location

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116 Frawley St, Houston$399,000

Buyer Closing Credits

$4,738*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingElectric Gate
Year Built1935
HeatingCentral, Natural Gas
CoolingCentral Air, Electric
MLS #33059177
StatusActive

About 116 Frawley St

Excellent investment opportunity, combining both a single-family home and three separate rental units. Main Home: 2 beds / 1 bath, currently rents for $1,250/month. Apartments: Three 1 bed / 1 bath units, each rented separately. Total Rental Income is $3,950/month main home & all three units combined Electric Separate meters for the main house and garage apartments. Tenants of the main home pay their own electricity, while the owner covers utilities for the garage apartments. The area is currently undergoing gentrification, with increasing property values, new construction, and charming homes being built in every direction.This property is close to major highways (I-45, 610, I-10, Hardy) & within walking distance of White Oak Music Hall, providing convenient access to entertainment. This property could be a solid long-term investment with existing cash flow & potential upside in utility bill backs, plus the added benefit of being in an appreciating neighborhood. 24hr Notice required.

Property Details

Property Features

Property Information:

  • Year Built: 1935
  • Stories: 2
  • Living Area: 2,643 SqFt

Listing Office:

  • Office Name: Brombacher & Co.
  • Office Phone: (832) 656-1932
  • Listing Agent: Sheryl Davis

Interior Features

Interior Information:

  • Appliances: Refrigerator
  • Flooring Type: Tile, Wood

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Parking: Electric Gate

Utilities

Utilities Information:

  • Heating: Central, Natural Gas
  • Cooling: Central Air, Electric

Other

Directions Information:

  • Directions: PLEASE ENTER 116 FRAWLEY. ONE BLOCK EAST OF BROOKE HEIGHTS, EAST SIDE OF 45, 116 FRAWLEY IS LOCATED OFF THE FEEDER ACCESS ROAD.

Price Information

Listing Price Info

Price Summary:

  • List Price: $399,000
  • Price Per SqFt: $151/SqFt

Tax Information:

  • Annual Amount: $5,122
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Houston, TX.

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Houston, TX

City

Med. Sold Price

$319.9K

Med. Price/SqFt

$166

Avg. Days On Market

40

# of Sold Homes

1678

116 Frawley St vs Houston

75 DAYS ON ROCKET

+35 Days

$399,000

+$79K More

$151/SqFt

-$16 Less

KEY TAKEAWAY

This property is $79K more than the Median Sold Price and $16/SqFt less than other homes in Houston, TX.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: HAR
  • MLS Number: #33059177

Listing Office:

  • Office Name: Brombacher & Co.
  • Office Phone: (832) 656-1932
  • Listing Agent: Sheryl Davis

Broker ReciprocityDisclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.

Copyright© 2024 Houston Realtors Information Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 12/18/2024, 12:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$5,122$238,459
2020$4,116$213,478
2018$3,910$154,523

History based on county public records data.

Payment Calculator

$2,059

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,263

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4533300
6
/10

  • Jefferson Elementary School

  • 5000 Sharman St

  • 0.29 miles

  • Public District Grades EE-5

school-card-donut-4533301
5
/10

  • Browning Elementary School

  • 607 Northwood St

  • 0.57 miles

  • Public District Grades EE-5

school-card-donut-4533302
5
/10

  • Looscan Elementary School

  • 3800 Robertson St

  • 0.85 miles

  • Public District Grades EE-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,398. The majority of Houston, TX residents have income less than $35k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Texas›Harris County›Houston›77009›116 Frawley St

This home is located at 116 Frawley St in Houston, TX and zip code 77009 in the Central Houston neighborhood. This 2,643 square foot home was built in 1935. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 04, 2024 and is currently priced at $399,000.

In November 2024, from all listings sold in Houston, TX there were more than 263 sold above asking price, over 1060 sold below and more than 354 were sold right at the asked price. The inventory of homes for sale in Houston, TX between October 2024 and November 2024 increased by 8.5%. The median list price of listings available in November 2024 was $319,921, while the average time on the real estate market was 40 days.

From Rocket Homes Real Estate and based on county public records data.

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