506 North 3rd Street

Richmond, TX 77469

$425,000
Price
4
Beds
1
Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Discover a solid investment in the heart of Richmond with this well-maintained four-plex, 3 units featuring 2 bedrooms and 1 bath/ 1 unit features 1 bedroom and 1 bath. The property boasts modern tile flooring throughout, ensuring easy upkeep and a contemporary feel. Recently replaced roof (4 years) and newly installed windows ( 1 year) , newly painted front-facing exteriors ( 1 month), newly striped parking lot (1 month). Property has never flooded. 2 a/c units were replaced in 2021. With all units...Discover a solid investment in the heart of Richmond with this well-maintained four-plex, 3 units featuring 2 bedrooms and 1 bath/ 1 unit features 1 bedroom and 1 bath. The property boasts modern tile flooring throughout, ensuring easy upkeep and a contemporary feel. Recently replaced roof (4 years) and newly installed windows ( 1 year) , newly painted front-facing exteriors ( 1 month), newly striped parking lot (1 month). Property has never flooded. 2 a/c units were replaced in 2021. With all units currently occupied, this income-generating gem offers immediate cash flow. Residents benefit from dedicated parking, enhancing convenience and appeal. Don’t miss this opportunity to add a reliable and attractive asset to your portfolio! It's walking distance to scenic Wessendorff Park and historic Downtown Richmond. The shed is not located on the property line and will not be included with the sale of the property.
  1. Listed by Valerie Diaz • TREC #0474051 • Keller Williams Realty Southwest

Property Details for 506 North 3rd Street

Area
30
Geo Market Area
Fort Bend South/Richmond
Subdivision
Dechaums Add
School District
33 - Lamar Consolidated
Cool System
Central Electric
LISTING UPDATED: 01/06/2025 09:27 AM

Property Details for 506 North 3rd Street

StatusActive
MLS #71780587
Days on Market74
Taxes$3,424 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fourplex
Year Built1982
Lot Size0.12 AC / 5,250 SF
CountyFort Bend County

Building Information for 506 North 3rd Street

Stories1Residences4Year Built1982Building Size-Lot Size0.12 AC / 5,250 SF

Property Information for 506 North 3rd Street

Description Information
School Details
  • School Elementary: PINK ELEMENTARY SCHOOL (LAMAR)
  • School Middle: LAMAR JUNIOR HIGH SCHOOL
  • School High: LAMAR CONSOLIDATED HIGH SCHOOL
Building Details
  • Stories: 1
  • Unit Total: 4
  • New Construction: No
  • Year Built Src: Appraisal District
Lot Information
  • Acres Description: 0 Up To 1/4 Acre
  • Lot Size Source: Appraisal District
  • Section Num: 0
  • Parcel Number: 2715-00-008-0035-901
Unit Information
Unit 1
  • Unit Type: 2 Bedrooms
  • BR 1 Dimensions: 11x9
  • BR 2 Dimensions: 12x10
  • Living Room Dimensions: 13x11
  • Kitchen Dimensions: 7x7
  • Vary Dimensions: No
Unit 2
  • Unit Type: 2 Bedrooms
  • BR 1 Dimensions: 11x9
  • BR 2 Dimensions: 12x10
  • Living Room Dimensions: 13x11
  • Kitchen Dimensions: 7x7
  • Vary Dimensions: No
Unit 3
  • Unit Type: 2 Bedrooms
  • BR 1 Dimensions: 11x9
  • BR 2 Dimensions: 12x10
  • Living Room Dimensions: 13x11
  • Kitchen Dimensions: 7x7
  • Vary Dimensions: No
Interior Exterior Utilities and Additional Information
Interior Features
  • Microwave: Yes
  • Dishwasher: Yes
  • Energy: Ceiling Fans
  • Floors: Tile
  • Misc Features: Fire/Smoke Alarm
Exterior Features
  • Roof: Composition
  • Utilities: Water
  • Heat System: Central Electric
  • 55+ Community: No
Financial Information
HOA and Fees
  • Maintenance Fee: No
  • Fee Other: No
  • Tax Year: 2023
  • Tax Rate: 2.24%
Financial Information
  • Tenancy Type: 1 Year

Property History for 506 North 3rd 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 506 North 3rd Street

Taxable ValueLand$5,460Additions$147,540Total$153,000
Tax Record2023$3,424 ($285 / month)
Home Facts
Total Finished SqFt2,728 SqFtAbove Grade Finished SqFt2,728 SqFtLot Size5,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1982Year Renovated1997CountyFORT BENDAPN2715-00-008-0035-901

Schools near 506 North 3rd Street

This home is within Lamar Consolidated Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 8 to 12
Public - 5 to 12
Rating
School
Distance
T L Pink Elementary School
PublicPK to 5

Lamar J High School
Public6 to 8

Lamar Cons High School
Public8 to 12

Alternative Learning Center
Public5 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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506 North 3rd Street is a multi-family home for sale in Richmond, TX 77469. This property was listed for sale on August 30, 2024 by Keller Williams Realty Southwest, it's currently listed at $425,000. This listing's school district is Lamar Consolidated Independent School District. Nearby schools include T L Pink Elementary School, Lamar J High School and Lamar Cons High School. 506 North 3rd Street is a 4-bed, 1-bath, multi-family home built in 1982.

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 Keller Williams Realty Southwest, Valerie Diaz, TREC #0474051

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