7301 Avenue K Unit A B · Houston, TX 77011

$270,000

3 bd · 2.0 ba · 1,720 sqft · MultiFamily · 90 Days on market

Built 1938 Good condition 6,625 sqft lot $157/sqft · 11% below area Est $304k · 11% under ↓ 15% since listing

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +21.6/30.0
• ARV discount +12.6/15.0
• Appreciation +10.0/10.0
• DSCR +6.9/10.0
• 1% rule +5.7/10.0
• Condition / age +3.8/5.0
• Livability +3.7/5.0
• Schools +2.7/10.0
• Rent growth +1.8/5.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 1 unit. estimate disagrees with records

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks MLS

Discover an exceptional investment opportunity in Houston’s vibrant EADO area with this duplex featuring two spacious units, each offering 3 bedrooms and 2 bathrooms—ideal for large families or investors seeking rental income. With generous outdoor space, this lot also provides space for additional parking, including room for a trailer or mobile home. One unit has been fully renovated with modern finishes, while the second offers an opportunity to add your own updates or maximize investment potential. Both units include essential appliances, and the first-floor unit features air conditioning for added comfort. With the original home recently demolished, this property also offers the possibility to build new in a rapidly developing area. Located just 0.5 miles from exciting new developments, this is a rare opportunity to own property in one of Houston’s most desirable and growing neighborhoods.NO HOA

Key facts

• Air conditioning
• Fully renovated
• Essential appliances

Tags

• GENEROUS OUTDOOR SPACE
• SPACE FOR ADDITIONAL PARKING
• FULLY RENOVATED
• ESSENTIAL APPLIANCES
• AIR CONDITIONING
• POSSIBILITY TO BUILD NEW

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath multifamily listed at $270k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $409 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $270k).
• Recommended offer: $254k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 3.2% in Houston — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 74/100 on livability (#184 in TX, #4,771 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, cost of living A+, housing A+; Watch: schools D, crime F.
• Houston ISD (urban): math 27% / reading 35% proficiency, ranked #593 of 826 in TX (top 72%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 71% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents soft (-2.9%/yr); 161 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).
• At $2,880/mo this rent would consume 69% of the median local household income ($50k/yr) (locally 655% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $29k of equity ($2k loan paydown + $27k appreciation (10.0% local appreciation)).
• Harris County population projected at +47% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 0.0% rent growth), your $76k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$46k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 90 days — a 6% lower offer ($254k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask is 24445% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: built in 1938 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $253,800 (6.0% below list)

Questions for the listing agent

1. It's been on market 90 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1938 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.07% ✓
• Cap rate: 8.11%
• Cash-on-cash: 6.50%
• DSCR: 1.29
• GRM: 7.8

CMA / ARV

• ARV (median comp): $304,347
• List price: $270,000
• Delta: -11.29%
• Verdict: UNDERPRICED
• Comps: 13 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7006 Sherman St	0.55mi	3/2.0	1,479 (-14%)	11mo	$359,000	$243	42

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 27.8%
• Equity multiple: 3.18×
• Total profit: $164,720
• Equity at exit: $243,237

10-year hold

• IRR: 23.4%
• Equity multiple: 6.95×
• Total profit: $449,549
• Equity at exit: $524,551

Cash invested: $75,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 77011

• Home prices YoY: 30.1%
• Rents YoY: -2.9%
• Active inventory: 161
• Price-to-rent: 15.6×

Monthly cashflow live

• Estimated rent: $2,880 high
• Mortgage (P&I): −$1,416
• Tax est. 1.5%: −$338 /mo · $4,050/yr
• Insurance: −$112
• HOA: −$0
• Vacancy / Maint / Mgmt: −$605
• Net cashflow: $409

Break-even live

Break-even rent $2,362

Max offer price $270,000

Occupancy floor 81%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	3	2	$2,880
Total (2 units)			$2,880

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $67,500
• Closing costs: $8,100
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7310 Sherman St Houston, TX	1.0–3.0	1.0–2.0	879	$1,499	$1.71	2d	7	0.43mi
7250 Avenue C Houston, TX	1.0–3.0	1.0–2.0	886	$1,680	$1.90	1d	14	0.47mi
7334 Texas St Houston, TX	3.0	2.0	1782	$2,200	$1.23	43d	1	0.60mi
2203 Pearl St Houston, TX	3.0	2.0	1298	$1,570	$1.21	13d	1	1.12mi
6403 Avenue C Unit 1019625P Houston, TX	2.0–8.0	1.0–4.0	1232	$3,466	$2.81	2d	2	1.13mi
960 Villa De Matel Rd Houston, TX	2.0	1.0	1056	$1,129	$1.07	24d	1	1.43mi
1010 S Wayside Dr #101 Houston, TX	4.0	2.0	1400	$1,982	$1.42	43d	1	1.43mi
1010 S Wayside Dr #101 Houston, TX	4.0	2.0	1400	$1,199	$0.86	24d	1	1.43mi

Listing history 17 events

1. 2026-06-10
   days on market $270,000 Active 90 DOM
2. 2026-06-08
   days on market $270,000 Active 89 DOM
3. 2026-06-07
   days on market $270,000 Active 88 DOM
4. 2026-06-04
   days on market $270,000 Active 85 DOM
5. 2026-06-01
   days on market $270,000 Active 82 DOM
6. 2026-05-31
   days on market $270,000 Active 81 DOM
7. 2026-05-04
   historical $1,100
8. 2026-04-04
   listed $1,100
9. 2026-03-12
   price $270,000 930-char remark

   Show marketing remark (930 chars)

   Discover an exceptional investment opportunity in Houston’s vibrant EADO area with this duplex featuring two spacious units, each offering 3 bedrooms and 2 bathrooms—ideal for large families or investors seeking rental income. With generous outdoor space, this lot also provides space for additional parking, including room for a trailer or mobile home. One unit has been fully renovated with modern finishes, while the second offers an opportunity to add your own updates or maximize investment potential. Both units include essential appliances, and the first-floor unit features air conditioning for added comfort. With the original home recently demolished, this property also offers the possibility to build new in a rapidly developing area. Located just 0.5 miles from exciting new developments, this is a rare opportunity to own property in one of Houston’s most desirable and growing neighborhoods.NO HOA

10. 2026-03-12
    price $270 930-char remark

    Show marketing remark (930 chars)

    Discover an exceptional investment opportunity in Houston’s vibrant EADO area with this duplex featuring two spacious units, each offering 3 bedrooms and 2 bathrooms—ideal for large families or investors seeking rental income. With generous outdoor space, this lot also provides space for additional parking, including room for a trailer or mobile home. One unit has been fully renovated with modern finishes, while the second offers an opportunity to add your own updates or maximize investment potential. Both units include essential appliances, and the first-floor unit features air conditioning for added comfort. With the original home recently demolished, this property also offers the possibility to build new in a rapidly developing area. Located just 0.5 miles from exciting new developments, this is a rare opportunity to own property in one of Houston’s most desirable and growing neighborhoods.NO HOA

11. 2026-03-12
    price $270,000 930-char remark

    Show marketing remark (930 chars)

    Discover an exceptional investment opportunity in Houston’s vibrant EADO area with this duplex featuring two spacious units, each offering 3 bedrooms and 2 bathrooms—ideal for large families or investors seeking rental income. With generous outdoor space, this lot also provides space for additional parking, including room for a trailer or mobile home. One unit has been fully renovated with modern finishes, while the second offers an opportunity to add your own updates or maximize investment potential. Both units include essential appliances, and the first-floor unit features air conditioning for added comfort. With the original home recently demolished, this property also offers the possibility to build new in a rapidly developing area. Located just 0.5 miles from exciting new developments, this is a rare opportunity to own property in one of Houston’s most desirable and growing neighborhoods.NO HOA

12. 2026-03-11
    listed $270 Active 930-char remark

    Show marketing remark (930 chars)

    Discover an exceptional investment opportunity in Houston’s vibrant EADO area with this duplex featuring two spacious units, each offering 3 bedrooms and 2 bathrooms—ideal for large families or investors seeking rental income. With generous outdoor space, this lot also provides space for additional parking, including room for a trailer or mobile home. One unit has been fully renovated with modern finishes, while the second offers an opportunity to add your own updates or maximize investment potential. Both units include essential appliances, and the first-floor unit features air conditioning for added comfort. With the original home recently demolished, this property also offers the possibility to build new in a rapidly developing area. Located just 0.5 miles from exciting new developments, this is a rare opportunity to own property in one of Houston’s most desirable and growing neighborhoods.NO HOA

13. 2026-01-16
    historical $1,165
14. 2025-12-28
    price $1,165
15. 2025-12-09
    listed $1,300
16. 2025-12-09
    historical $1,300
17. 2025-12-05
    listed $1,300

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 24% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥110°F today · 23 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $34,560
• − Mortgage interest: −$15,124
• − Property taxes: −$4,050
• − Insurance: −$1,350
• − Repairs & maintenance: −$2,765
• − Management: −$2,765
• − Depreciation: −$7,855
• Taxable income: $652
• Est. tax owed @ 24.0%: −$156
• After-tax cash flow: $4,755/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Good 75/100 Cosmetic rehab

This well-maintained, fully renovated duplex in Houston's EADO area is ready for immediate occupancy and investment.

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and value
• Both Replace gutters — Improves drainage and property value

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior — Enhances curb appeal and value ↑
• Both Replace gutters — Improves drainage and property value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Houston ISD
• NCES district ID: 4823640
• Math proficiency: 27% ▼ -18.00%
• Reading proficiency: 35% ▼ -6.00%
• Median HH income: $46,054
• Composite: 26.63/100
• National rank: #7173
• State rank: #593 of 826 in TX

Livability — Houston

• Score: 74/100
• State rank: #184
• US rank: #4771

Category grades

Amenities A+ Commute A Cost of living A+ Crime F Employment C Housing A+ Health & safety A- User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Houston, TX
• County: Harris County · 4,702,590 people
• City population: 3,226,434
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 14,940
• Household income: $50,133
• Rent vs Own: 47.8% rent · 52.2% own
• Severe rent burden: 655.0

Population outlook (Harris County) Hauer SSP2

• Today (2025): 5,571,493 people
• By 2030: 6,089,821 · +9.3%
• By 2040: 7,142,806 · +28.2%
• By 2050: 8,185,864 · +46.9%
• By 2075: 10,574,329 · +89.8%
• By 2100: 12,109,958 · +117.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (88%)
• Race & ethnicity: Hispanic / Latino 88% Two or more races 29% White 7% Black 3%
• Hispanic origin (detail): Mexican 81%
• Foreign-born: 33% · Canada
• Languages at home: 24% English-only · Spanish 76%

Political lean MEDSL · Harris

• 2024 margin: Lean D (+5.5) · D 52.0% · R 46.4% · Other 1.6%
• 2008→2024 swing: +3.9pp toward D · 2008: 1.6pp · 2024: 5.5pp
• All cycles: 2024: D+5.5 2020: D+13.3 2016: D+12.4 2012: D+0.1 2008: D+1.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 68.18%
• Current HPI: 295.1198
• Rent YoY: ▼ -2.93%
• Metro: Houston-The Woodlands-Sugar Land, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

-15.4% since first listed

11 events — show timeline

• 2026-05-04 Rental Removed $1,100 HARMLS
• 2026-04-04 Listed for Rent $1,100 HARMLS
• 2026-03-12 Price Changed $270,000 HARMLS
• 2026-03-12 Price Changed $270 HARMLS
• 2026-03-12 Price Changed $270,000 HARMLS
• 2026-03-11 Listed $270 HARMLS
• 2026-01-16 Rental Removed $1,165 HARMLS
• 2025-12-28 Price Changed $1,165 HARMLS
• 2025-12-09 Listed for Rent $1,300 HARMLS
• 2025-12-09 Rental Removed $1,300 TENANTTURNER2
• 2025-12-05 Listed for Rent $1,300 TENANTTURNER2