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Backup Offers

7431 Ave L, Houston, TX, 77011

$259,000

Home List Price

$3,076*

Closing Credit

2 Bedrooms
1 Full Bath
1,744 SqFt
$149/SqFt
Multi

Location

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7431 Ave L, Houston$259,000

Buyer Closing Credits

$3,076*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Year Built1930
HeatingCentral, Electric
CoolingCentral Air, Electric
MLS #29324385
StatusAccepting Backup Offers
(Active Under Contract)

About 7431 Ave L

Excellent investment opportunity in the vibrant Magnolia Park neighborhood, being sold as is! This triplex offers strong income potential, ideal for investors or those looking to live in one unit while renting out the others. The property is conveniently located close to schools, a public park within walking distance, and easy access to major roads for seamless transit options. The front unit is a comfortable 2-bedroom, 1-bath residence, while the back houses a 2-story duplex, each unit featuring 1 bedroom and 1 bath. Income Breakdown: The front unit is vacant and could bring in $1,300 per month. The second unit, recently vacated, was previously rented for $900/month, and the third unit has been occupied since March 2024 at $850/month. All including utilities, only 1 meter for the entire property.

Property Details

Property Features

Property Information:

  • Year Built: 1930
  • Stories: 2
  • Living Area: 1,744 SqFt

Listing Office:

  • Office Name: eXp Realty LLC
  • Office Phone: (888) 519-7431
  • Listing Agent: Carolina Angel Gutierrez

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: Start on I-610 East: Head toward the eastern portion of the I-610 loop, depending on which side you're on. Take Exit 24B for N Wayside Dr: Exit I-610 at N Wayside Dr. Turn Right onto N Wayside Dr: Head south on N Wayside Dr. Turn Left onto Avenue L: After a little over half a mile, turn left onto Avenue L. Arrive at 7431 Avenue L: Continue down Avenue L, and you should reach your destination on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $259,000
  • Price Per SqFt: $149/SqFt
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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

7431 Ave L vs Houston

35 DAYS ON ROCKET

-5 Days

$259,000

-$60.9K Less

$149/SqFt

-$18 Less

KEY TAKEAWAY

This property is $60.9K less than the Median Sold Price and $18/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: #29324385

Listing Office:

  • Office Name: eXp Realty LLC
  • Office Phone: (888) 519-7431
  • Listing Agent: Carolina Angel Gutierrez

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, 9:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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-4470295
6
/10

  • Osborne Elementary School

  • 800 Ringold St

  • 0.19 miles

  • Public District Grades EE-5

school-card-donut-4470296
5
/10

  • Carroll Elementary School

  • 423 W Gulf Bank Rd

  • 0.99 miles

  • Public District Grades 1-5

school-card-donut-4470297
5
/10

  • Anderson Academy

  • 7401 Wheatley St

  • 1.08 miles

  • Public Magnet Grades 1-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $21,384. The most common annual income of people living in Houston, TX is less than $35k. Typical family type 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›77011›7431 Ave L

This home is located at 7431 Ave L in Houston, TX and zip code 77011 in the North Houston neighborhood. This 1,744 square foot home was built in 1930. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since November 12, 2024 and is currently priced at $259,000.

Houston, TX housing market in November 2024 saw over 263 listings sold above listed price, more than 354 sold at listed price and over 1060 sold below. The number of homes for sale in Houston, TX increased by 8.5% between October 2024 and November 2024. In November 2024, listings were on the market for 40 days. During the same period, the median list price in this real estate market was $319,921.

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

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