5 months on rocket

1529 Welch St, Houston, TX, 77006

$699,900

Home List Price

$8,311*

Closing Credit

2 Bedrooms
1 Full Bath
3,128 SqFt
$224/SqFt
Multi

Location

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1529 Welch St, Houston$699,900

Buyer Closing Credits

$8,311*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingElectric Gate, Paved
Year Built1925
HeatingCentral, Natural Gas, Other
CoolingCentral Air, Electric, Window Unit(s)
MLS #43560898
StatusActive

About 1529 Welch St

Shocking cash flow upside! Percolating potential! This tremendous triplex in the heart of Montrose is fully rented and makes an incredible investment opportunity! It consists of 3 units: a charming duplex and a garage apartment, both built in the 1920s. Both duplex units are rented WELL below market value. This property has been nicely updated and well-maintained with numerous recent renovations. This classic Redbrick duplex exudes warmth with wood floors throughout and this highly sought-after duplex design features upstairs/downstairs units, each filled historic charm and character. Each half of the duplex consists of a spacious 2 bed / 1 bath design. The garage apartment includes a 1 bed / 1 bath design. Total gross rental income is an impressive $4,100 per month, but these rents are WELL below market value. Located in Montrose while also walking distance to the River Oaks Shopping Center makes this location simply unbeatable. (Please don't disturb tenants)

Property Details

Property Features

Property Information:

  • Year Built: 1925
  • Stories: 2
  • Living Area: 3,128 SqFt

Listing Office:

  • Office Name: Castle Team
  • Office Phone: (713) 227-8537
  • Listing Agent: Rory Higgins

Interior Features

Interior Information:

  • Appliances: Dishwasher, Microwave, Refrigerator
  • Flooring Type: Tile, Wood, Hardwood
  • Interior: Balcony, Granite Counters, Ceiling Fan(s), Programmable Thermostat

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Private Entrance

Parking Information:

  • Parking: Electric Gate, Paved

Utilities

Utilities Information:

  • Heating: Central, Natural Gas, Other
  • Cooling: Central Air, Electric, Window Unit(s)

Other

Directions Information:

  • Directions: From Waugh, head west on Welch. Property is on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $699,900
  • Price Per SqFt: $224/SqFt

Tax Information:

  • Annual Amount: $12,738
  • 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

1529 Welch St vs Houston

163 DAYS ON ROCKET

+123 Days

$699,900

+$379.9K More

$224/SqFt

+$57 More

KEY TAKEAWAY

This property is $379.9K more than the Median Sold Price and $57/SqFt more than other homes in Houston, TX.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: HAR
  • MLS Number: #43560898

Listing Office:

  • Office Name: Castle Team
  • Office Phone: (713) 227-8537
  • Listing Agent: Rory Higgins

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: 12/22/2024, 11:20:50 AM 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$12,738$543,068
2020$12,737$568,246
2018$13,310$526,000

History based on county public records data.

Payment Calculator

$3,561

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,165

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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-959302
8
/10

  • Arabic Immersion Magnet School

  • 4001 Stanford St

  • 1.04 miles

  • Public Magnet Grades PK-5

school-card-donut-959303
10
/10

  • River Oaks Elementary School

  • 2008 Kirby Dr

  • 1.27 miles

  • Public Magnet Grades EE-5

school-card-donut-959304
5
/10

  • Poe Elementary School

  • 5100 Hazard St

  • 1.59 miles

  • Public Magnet Grades EE-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $76,339. Most Houston, TX residents have annual incomes between $35k-100k. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Texas›Harris County›Houston›77006›1529 Welch St

This home is located at 1529 Welch St in Houston, TX and zip code 77006 in the Central Houston neighborhood. This 3,128 square foot home was built in 1925. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since July 11, 2024 and is currently priced at $699,900.

Over 263 listings were sold over their listed price in November 2024 in Houston, TX. In the same period over 1060 listings were sold below the listed price and 354 listings were sold for the listed price. Between October 2024 and November 2024, Houston, TX real estate market has seen increase in the number of listings by 8.5%. While the average time on the market in November 2024 was 40 days, the median list price was $319,921.

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

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