1331 15th Street St · Galena Park, TX 77547

$149,000

3 bd · 1.0 ba · 1,352 sqft · SingleFamily public records · 37 Days on market

Built 1945 6,098 sqft lot $110/sqft · 18% below area Est $182k · 18% under

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Why this score? — see what drove the C 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).

• ARV discount +15.0/15.0
• Cash flow +13.1/30.0
• Appreciation +7.5/10.0
• 1% rule +5.4/10.0
• DSCR +3.9/10.0
• Livability +3.4/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Cute cottage in quaint Galena Park, 3 bedroom 2 bath. Large kitchen with eating area. Formal dining room, added 3rd bedroom and laundry area. Added area to master bedroom and a small bath room.

Key facts

• Large backyard
• Galena park isd
• Easy access to i-10

Tags

• LARGE BACKYARD
• EASY ACCESS TO I-10
• GALENA PARK ISD

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Residential property; Built in 1945; Pillar/post/pier foundation
• Construction: Wood siding; Composition roof
• Exterior features: Subdivision lot

Interior

• Kitchen: Dishwasher; Gas oven; Gas range; Disposal
• Bedrooms: Primary bedroom on the first floor (12x10); Bedroom on the first floor (12x11); Bedroom on the first floor (10x10)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (gas); Central air conditioning (electric)
• Interior features: Washer hookup and electric dryer hookup; Disposal
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $149k.

Deal economics

• At list price, monthly cash flow is $-5 ($-60/yr) — negative.
• To cash-flow at today's rent, offer at most $148k (0.6% below list).
• Meets the 1% rule at list price ($2k rent vs $149k).
• Recommended offer: $145k (3.0% below list) — sets the bar for market timing.
• Cap rate 6.3% vs local median 4.1% in Galena Park — 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 68/100 on livability (#456 in TX) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, employment D-.
• Galena Park ISD (suburban): math 32% / reading 33% proficiency, ranked #578 of 826 in TX (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 74% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Macarthur El (math 40% / reading 33%, grade F, #1,883 of 4,322 statewide, top 44%, 614 students, 89% FRL); Galena Park Middle (math 28% / reading 31%, grade F, #1,077 of 1,662 statewide, top 66%, 943 students, 88% FRL); Galena Park H S (math 37% / reading 36%, grade F, #924 of 1,632 statewide, top 57%, 1,914 students, 87% FRL).
• Market conditions: 38 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).

Forward outlook

• In year one you build about $8k of equity ($1k loan paydown + $7k appreciation (5.0% local appreciation)).
• Harris County population projected at +47% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (5.0% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 7y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: property tax is 3.1% of price; built in 1945 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: 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 $144,530 (3.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
3. Built in 1945 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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 for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.04% ✓
• Cap rate: 6.25%
• Cash-on-cash: -0.14%
• DSCR: 0.99
• GRM: 8.0

CMA / ARV

• ARV (median comp): $182,066
• List price: $149,000
• Delta: -18.16%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1009 13th St	0.25mi	3/2.0	1,276 (-6%)	2mo	$299,900	$235	73
1405 9th St	0.30mi	3/1.0	1,301 (-4%)	9mo	$129,000	$99	72
1311 11th St	0.20mi	3/2.0	1,401 (+4%)	14mo	$225,000	$161	69
1109 13th St	0.20mi	3/2.0	1,246 (-8%)	7mo	$220,000	$177	68
1426 16th St	0.06mi	4/2.0 (+1)	1,484 (+10%)	10mo	$255,000	$172	64
809 Keene St	0.39mi	2/1.0 (-1)	1,316 (-3%)	12mo	$149,900	$114	62
1106 12th St	0.26mi	3/2.0	1,528 (+13%)	3mo	$219,000	$143	60
2012 10th St	0.56mi	3/2.0	1,395 (+3%)	6mo	$230,000	$165	59
2108 15th St	0.60mi	3/1.0	1,374 (+2%)	14mo	$110,000	$80	58
2204 Benson Dr	0.73mi	3/2.0	1,242 (-8%)	1mo	$199,999	$161	47
404 Sinclair St	0.60mi	4/2.5 (+1)	1,420 (+5%)	10mo	$250,000	$176	44
1902 7th St	0.58mi	3/2.0	1,551 (+15%)	7mo	$295,000	$190	39

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

Projected returns pro-forma

4.96% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 12.7%
• Equity multiple: 1.81×
• Total profit: $33,844
• Equity at exit: $84,086

10-year hold

• IRR: 13.7%
• Equity multiple: 3.47×
• Total profit: $103,055
• Equity at exit: $144,833

Cash invested: $41,720 (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 77547

• Home prices YoY: 2.0%
• Active inventory: 38
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,554 high
• Mortgage (P&I): −$781
• Tax from tax record: −$390 /mo · $4,675/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$326
• Net cashflow: $-5

Break-even live

Break-even rent $1,561

Max offer price $148,119

Occupancy floor 95%

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: $37,250
• Closing costs: $4,470
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2216 3rd St Galena Park, TX	3.0	2.0	1500	$1,400	$0.93	43d	1	1.05mi
423 Armstrong St Houston, TX	3.0	2.0	1090	$1,515	$1.39	1d	1	1.29mi
9821 Turnbow St Unit C Houston, TX	3.0	2.0	1140	$1,720	$1.51	43d	1	1.34mi
403 Armstrong St Houston, TX	3.0	2.0	909	$1,435	$1.58	5d	1	1.35mi
253 N Carolina St Houston, TX	4.0	2.0	1560	$1,600	$1.03	7d	1	1.48mi
311 Massachusetts St Unit A Houston, TX	3.0	2.0	1184	$1,700	$1.44	12d	1	1.49mi

Listing history 30 events

1. 2026-06-18
   days on market $149,000 Active 37 DOM
2. 2026-06-17
   remarks 554-char remark
3. 2026-06-17
   price $149,000 Active 36 DOM
4. 2026-06-17
   days on market $155,000 Active 36 DOM
5. 2026-06-16
   days on market $155,000 Active 35 DOM
6. 2026-06-15
   days on market $155,000 Active 34 DOM
7. 2026-06-13
   days on market $155,000 Active 32 DOM
8. 2026-06-13
   days on market $155,000 Active 31 DOM
9. 2026-06-09
   days on market $155,000 Active 28 DOM
10. 2026-06-08
    days on market $155,000 Active 27 DOM
11. 2026-06-07
    days on market $155,000 Active 26 DOM
12. 2026-06-04
    days on market $155,000 Active 23 DOM
13. 2026-06-03
    days on market $155,000 Active 22 DOM
14. 2026-06-02
    days on market $155,000 Active 21 DOM
15. 2026-06-01
    days on market $155,000 Active 20 DOM
16. 2026-05-31
    days on market $155,000 Active 19 DOM
17. 2026-05-12
    listed $155,000 Active 381-char remark
18. 2026-04-06
    historical
19. 2026-01-06
    price $155,000
20. 2025-12-28
    listed $165,000 Active
21. 2022-04-07
    soldstatus
22. 2021-04-08
    soldstatus
23. 2019-07-01
    soldstatus Sold

    Show marketing remark (193 chars)

    Cute cottage in quaint Galena Park, 3 bedroom 2 bath. Large kitchen with eating area. Formal dining room, added 3rd bedroom and laundry area. Added area to master bedroom and a small bath room.

24. 2019-06-27
    soldstatus
25. 2019-06-03
    status Pending

    Show marketing remark (193 chars)

    Cute cottage in quaint Galena Park, 3 bedroom 2 bath. Large kitchen with eating area. Formal dining room, added 3rd bedroom and laundry area. Added area to master bedroom and a small bath room.

26. 2019-05-28
    status Option Pending

    Show marketing remark (193 chars)

    Cute cottage in quaint Galena Park, 3 bedroom 2 bath. Large kitchen with eating area. Formal dining room, added 3rd bedroom and laundry area. Added area to master bedroom and a small bath room.

27. 2019-05-21
    price $115,000

    Show marketing remark (193 chars)

    Cute cottage in quaint Galena Park, 3 bedroom 2 bath. Large kitchen with eating area. Formal dining room, added 3rd bedroom and laundry area. Added area to master bedroom and a small bath room.

28. 2019-04-05
    listed $120,000 Active

    Show marketing remark (193 chars)

    Cute cottage in quaint Galena Park, 3 bedroom 2 bath. Large kitchen with eating area. Formal dining room, added 3rd bedroom and laundry area. Added area to master bedroom and a small bath room.

29. 2003-10-16
    soldstatus
30. 2001-06-27
    soldstatus

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

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $4,675 · $390/mo
• Projected year-2 tax: $4,675 · $390/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 10% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥109°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: $18,654
• − Mortgage interest: −$8,346
• − Property taxes: −$4,675
• − Insurance: −$745
• − Repairs & maintenance: −$1,492
• − Management: −$1,492
• − Depreciation: −$4,335
• Taxable loss: −$2,432
• Est. tax savings @ 24.0%: +$584
• After-tax cash flow: $524/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.

Schools (NCES district)

• District: Galena Park ISD
• NCES district ID: 4820250
• Math proficiency: 32% ▼ -20.00%
• Reading proficiency: 33% ▼ -7.00%
• Median HH income: $43,158
• Composite: 27.62/100
• National rank: #6927
• State rank: #578 of 826 in TX

Livability — Galena Park

• Score: 68/100
• State rank: #456
• US rank: #9227

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Galena Park, TX
• City population: 9,380
• Population (ZIP): 9,380

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 (90%)
• Race & ethnicity: Hispanic / Latino 90% Two or more races 46% Black 5% White 4%
• Hispanic origin (detail): Mexican 88%
• Foreign-born: 32% · Canada
• Languages at home: 21% English-only · Spanish 79%

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: ▲ 4.96%
• Current HPI: 252.9899
• Rent YoY: —
• Metro: —
• 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

+24.2% since first listed

15 events — show timeline

• 2026-06-17 Price Changed $149,000 HARMLS
• 2026-05-12 Listed $155,000 HARMLS
• 2026-04-06 Listing Removed — HARMLS
• 2026-01-06 Price Changed $155,000 HARMLS
• 2025-12-28 Listed $165,000 HARMLS
• 2022-04-07 Sold (Public Records) — Public Records
• 2021-04-08 Sold (Public Records) — Public Records
• 2019-07-01 Sold (MLS) — HARMLS
• 2019-06-27 Sold (Public Records) — Public Records
• 2019-06-03 Pending — HARMLS
• 2019-05-28 Pending — HARMLS
• 2019-05-21 Price Changed $115,000 HARMLS
• 2019-04-05 Listed $120,000 HARMLS
• 2003-10-16 Sold (Public Records) — Public Records
• 2001-06-27 Sold (Public Records) — Public Records

Property tax history

+3.9%/yr

Latest (2025): $4,675 · +17.9% YoY. Source: county tax records.