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7431 Avenue L, Houston, TX 77011

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For Sale
Sale Pending

$259,000

2 beds • 1 baths • 1,744 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $148.51
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 29324385

Courtesy Of eXp Realty LLC

(888) 519-7431

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Heating System
    Central Furnace

Map and Directions

Directions to 7431 Avenue L, Houston, TX 77011

Home seller CENTURY 21 Alpha Commercial Group

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Alpha Commercial Group

(832) 745-6111
Learn More About Us

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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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