Updated Condo in Westchase
For Sale
$97,000
3025 Walnut Bend Ln 37, Houston, TX 77042
Updated condo in a gated community near Energy Corridor.
Property Size765 SF
Lot Size4.04 Acres
Days on Market325
Property Features for 3025 Walnut Bend Ln 37
General Information
Standard status
Active
Size
765 SF
Lot size
4.04 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$2,228
Building Details
Building Size
765 SF
Year Built
1980
Stories
1
Listed By:
Bradley Dantonio
(832) 876-2093
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 7
Last Checked: Oct 16 at 10:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bradley Dantonio
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Investment Insights
Based on property information with market context.
This updated condo is located on the top 3rd floor corner of a gated community that includes a pool. Situated in the heart of the Westchase District near the Energy Corridor, it offers convenient access to Beltway 8, Westheimer, and Westpark Tollway. The property is located on Walnut Bend road, adjacent to a walking and biking trail network, and a 10-minute walk to Camden Park Westchase, which features family and dog-friendly amenities, community space, a cafe, and a library. Updates to the condo include new LVP floors, fresh paint, stainless steel appliances, and granite countertops. The covered patio deck is suitable for outdoor enjoyment. The primary bedroom features a walk-in closet with custom shelving, plus a large storage closet. The community provides security gates and controlled access, along with a building elevator. The unit comes with one assigned parking spot, and there are visitor parking spots adjacent to the building. The property is located within 3-10 minutes of Whole Foods, Target, a farmers market, and various eateries and grocery stores, including Trader Joes, HEB, and Torchys Tacos.
Key Highlights
- Prime location in Westchase District near Energy Corridor with easy access to major highways.
- Updated condo featuring new LVP floors, fresh paint, stainless steel appliances, and granite countertops.
- Gated community with pool, security gates/controlled access, and building elevator.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,667
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$173,340
$173.3K
Cap Rate 7%
$123,814
$123.8K
Cap Rate 9%
$96,300
$96.3K
Market Conditions
NOI Build-Up for 765 SF
Gross rent
$16.8K $21.96/SF
− Vacancy
−$1.0K −$1.36/SF
EGI
$15.8K $20.60/SF
− OpEx
−$7.1K −$9.27/SF
NOI
$8.7K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$173,340
Cap Rate 7%
$123,814
Cap Rate 9%
$96,300
Alternative Uses
Best Use
Apartment 5plus
$123.8K
$108.3K – $144.5K
NOI $8,667 @ 7.0% cap · market cap 8.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$196.7K
$172.1K – $229.5K
NOI $13,770 @ 7.0% cap · market cap 14.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,060
Businesses Nearby
Explore this area
Business Placement
Demographics for 77042, TX
41,177
Population
21,252
Households
1.9
Avg Household Size
34
Median Age
44%
College-Educated
89%
High-School Grad
6.2 sq mi
ZIP Area
6,641
Density / Sq Mi
$57,745
Median Household Income
$40,687
Median Earnings
$1,287
Median Rent
$371,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Updated condo in a gated community near Energy Corridor.
Where is this apartment building located?
The property is located at 3025 Walnut Bend Ln 37 Houston, TX.
What is the asking price?
The asking price for this property is $97,000.
What are key features of this property?
This property features: Prime location in Westchase District near Energy Corridor with easy access to major highways.; Updated condo featuring **new LVP floors, fresh paint, stainless steel appliances, and granite countertops.**; Gated community with **pool**, security gates/controlled access, and building elevator.
