7431 Avenue L
Houston, TX 77011
- 2 beds
- 1 bath
- 782 sqft
- 5,000 sqft lot
- $331 per sqft
- 1930 build
- – on site
Multi-Unit Triplex in Magnolia Park - This is an excellent rental investment opportunity in the heart of Magnolia Park, just minutes from downtown Houston. This triplex property offers three separate units, making it a great addition to any investor’s portfolio. The property was remodeled in 2019 and features a double driveway for convenient parking for all three units. Unit A: Single-family home (785 sq. ft.) 2 bedrooms, 1 bathroom Open concept kitchen, living, and dining room. Gas heating and electric AC. Water heater is Gas Currently rented to section 8 tenant: $1,463/month Unit B: Downstairs apartment in the back 580 sq ft 1 bedroom, 1 bathroom Kitchen and living room Central AC and heating (all-electric) Vacant – Current market rent is $1,000/month Unit C: Upstairs apartment in the back 580 sq ft 1 bedroom, 1 bathroom, Kitchen and living room, central AC and heating (all-electric) Occupied – Rented since March 2024 for $850/month
Listing courtesy of HAR / REALM Real Estate Professionals - North Houston
Last checked:
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Last updated Jan 22, 2025
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MLS# 77513935 —
The Building
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Year Built:1930
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Year Built Source:Appraisal District
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New Construction:No
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Roof:Composition
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Stories:1
Financial & Terms
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Finance Available:Cash Sale, Conventional, FHA, Investor, Owner Financing
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Price SqFt List:$331.20
Location
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Directions:Head north toward Capitol St Follow Crawford St and Franklin St to Navigation Blvd 5 min (0.7 mi) Turn left onto Navigation Blvd 1 min (0.3 mi) At the traffic circle, take the 1st exit and stay on Navigation Blvd Pass by Jack in the Box (on the right in 2.8 mi) 10 min (3.6 mi) Drive to Avenue L 40 sec (0.1 mi) 7431 Avenue L Houston, TX 77011
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Latitude:29.740414
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Longitude:-95.289789
The Property
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Parcel Number:025-188-000-0008
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Section Number:1
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Property Type:Multi-Family
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Property Subtype:Triplex
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Lot Size:5,000 Sqft
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Lot Size Source:Appraisal District
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Lot Price SqFt List:51.80
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Total SqFt:782 Sqft
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SqFt Source:Appraisal District
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Area:4
Listing Agent
- Contact info:
- Agent phone:
- (832) 265-9925
- Office phone:
- (281) 377-7300
Taxes
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Tax Year:2024
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Tax Rate:$2.16
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Tax Amount:$3,262
Beds
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Total Bedrooms:2
Baths
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Total Baths:1.00
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Full Baths:1
The Listing
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Status:Active
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Disclosures:Sellers Disclosure
Heating & Cooling
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Heat System:Central Electric, Central Gas
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Cool System:Central Electric
Utilities
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Utilities:Electric, Gas, Water
Schools
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Elementary:DE ZAVALA ELEMENTARY SCHOOL (HOUSTON)
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Middle School:EDISON MIDDLE SCHOOL
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High School:AUSTIN HIGH SCHOOL (HOUSTON)
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School District:27 - Houston
The Community
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Subdivision:Magnolia Park Sec 02
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Active Community 55:No
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Restrictions:Deed Restrictions
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Management Company:No
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Maintenance Fee:No
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Other Fees:No
Extra Units
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Total Units:3
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Unit Count:3
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.