1529 Welch Street

Houston, TX 77006

$699,900
Price
2
Beds
1
Bath
3,128 Sq. Ft.
$224 / Sq. Ft.
3,128
Sq. Ft.
$224
per Sq. Ft.

Description

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...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)
  1. Listed by Rory Higgins • TREC #0598541 • Castle Team

Property Details for 1529 Welch Street

Area
16
Geo Market Area
Montrose
Legal Subdivision
CHERRYHURST
Subdivision
Cherryhurst
School District
27 - Houston
Cool System
Central Electric, Window Units
LISTING UPDATED: 11/01/2024 04:47 PM

Property Details for 1529 Welch Street

StatusActive
MLS #43560898
Days on Market148
Taxes$13,740 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Triplex
Year Built1925
Lot Size0.11 AC / 5,000 SF
CountyHarris County

Building Information for 1529 Welch Street

Stories2Residences2Year Built1925Building Size-Lot Size0.11 AC / 5,000 SF

Property Information for 1529 Welch Street

Description Information
School Details
  • School Elementary: BAKER MONTESSORI SCHOOL
  • School Middle: LANIER MIDDLE SCHOOL
  • School High: LAMAR HIGH SCHOOL (HOUSTON)
Building Details
  • Stories: 2
  • Unit Total: 3
  • Front Door Faces: North
  • Access: Driveway Gate
  • New Construction: No
  • Year Built Src: Appraisal District
Lot Information
  • Sq Ft Source: Appraisal District
  • Lot Size Source: Appraisal District
  • Section Num: 1
  • Parcel Number: 038-258-000-0003
Parking
  • Parking Features: Driveway Gate, Off Site Parking, Paved Area
Unit Information
Unit 1
  • Unit Type: 2 Bedrooms
  • Vary Dimensions: Yes
Unit 2
  • Unit Type: 1 Bedroom
  • Vary Dimensions: No
Interior Exterior Utilities and Additional Information
Interior Features
  • Microwave: Yes
  • Dishwasher: Yes
  • Disposal: No
  • Refrigerator: Yes
  • Energy: Ceiling Fans, Digital Program Thermostat, North/South Exposure
  • Range: Yes
  • Floors: Tile, Wood
  • Countertops: Granite
  • Unit Features: Balcony, Hardwood Floors, Patio, Window Coverings
  • Misc Features: Central Laundry, Fire/Smoke Alarm, Private Entry
Exterior Features
  • Roof: Composition
  • Siding: Brick, Wood
  • Heat System: Central Gas, Window Unit
  • 55+ Community: No
Financial Information
HOA and Fees
  • Maintenance Fee: No
  • Fee Other: No
  • Tax Year: 2023
  • Tax Rate: 2.01%
Financial Information
  • Tenancy Type: 1 Year

Property History for 1529 Welch Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1529 Welch Street

Taxable ValueLand$550,000Additions$131,972Total$681,972
Tax Record2023$13,740 ($1,145 / month)
Home Facts
Baths3Total Finished SqFt2,588 SqFtAbove Grade Finished SqFt2,588 SqFtStories2Lot Size5,001 SqFtStyleDuplexYear Built1925CountyHARRISAPN0382580000003

Schools near 1529 Welch Street

This home is within Houston Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Wilson Montessori
PublicPK to 8

Lanier Middle School
Public6 to 8

Lamar High School
Public9 to 12

Carnegie Vanguard High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1529 Welch Street is a multi-family home for sale in Houston, TX 77006. This property was listed for sale on July 11, 2024 by Castle Team, it's currently listed at $699,900. It has been on the market for a total of 148 days and was last sold on August 21, 2013. This listing's school district is Houston Independent School District. Nearby schools include Wilson Montessori, Lanier Middle School and Lamar High School. 1529 Welch Street is a 2-bed, 1-bath, 3,128 sqft multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Castle Team, Rory Higgins, TREC #0598541

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