1849 W Main St Unit 15 Houston, TX 77098
Montrose NeighborhoodEstimated payment $16,636/month
Highlights
- 12,500 Sq Ft lot
- Wood Flooring
- Central Heating and Cooling System
- Poe Elementary School Rated A-
- Butcher Block Countertops
- Ceiling Fan
About This Home
Well-maintained 15-unit apartment complex on a valuable corner lot in a rapidly improving neighborhood, offering strong current income and long-term upside. The property includes two 4-plex buildings (1940) and a 7-unit garden-style building (1962), with a total of 10,800 SF and an average of 720 SF per unit. Amenities include on-site laundry, three garage units, two storage rooms, and ample parking. All units feature central AC; the front buildings have been repiped with PEX plumbing and individual shut-offs. Recent improvements include new roofs (2020), electrical upgrades (2021), resurfaced parking lot (2021), multiple HVAC replacements, new commercial laundry units, updated kitchens in two units, and several new water heaters. Certificate of Occupancy was renewed in 2021. With over $100K in recent capital improvements, steady tenant demand, and prime location, this turnkey investment provides immediate cash flow and future growth potential.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1940
Lot Details
- 12,500 Sq Ft Lot
- North Facing Home
HOA Fees
- $20 Monthly HOA Fees
Home Design
- Brick Exterior Construction
- Composition Roof
- Wood Siding
Interior Spaces
- 10,100 Sq Ft Home
- 2-Story Property
- Ceiling Fan
Kitchen
- Dishwasher
- Butcher Block Countertops
Flooring
- Wood
- Tile
Parking
- 1 Car Garage
- Carport
- Garage Door Opener
Schools
- Poe Elementary School
- Lanier Middle School
- Lamar High School
Utilities
- Central Heating and Cooling System
- Heating System Uses Gas
Community Details
- Association fees include gas, sewer, trash, water
- 15 Units
- Montlew Place Subdivision
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $40,343 | $1,871,058 | $1,437,500 | $433,558 |
| 2024 | $40,343 | $1,928,107 | $1,437,500 | $490,607 |
| 2023 | $40,343 | $1,919,364 | $1,437,500 | $481,864 |
| 2022 | $30,546 | $1,387,259 | $1,062,500 | $324,759 |
| 2021 | $33,800 | $1,450,221 | $1,062,500 | $387,721 |
| 2020 | $31,334 | $1,365,486 | $1,125,000 | $240,486 |
| 2019 | $27,202 | $1,075,000 | $937,500 | $137,500 |
| 2018 | $26,681 | $1,054,400 | $937,500 | $116,900 |
| 2017 | $24,662 | $951,734 | $812,500 | $139,234 |
| 2016 | $25,250 | $951,550 | $812,500 | $139,050 |
| 2015 | $22,913 | $951,243 | $812,500 | $138,743 |
| 2014 | $22,913 | $850,000 | $750,000 | $100,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/12/2026 02/12/26 | Price Changed | $2,500,000 | -5.3% | $248 / Sq Ft |
| 08/27/2025 08/27/25 | For Sale | $2,640,000 | -- | $261 / Sq Ft |
Source: Houston Association of REALTORS®
MLS Number: 70116432
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