14514 Gainesville St, Unit 5 Houston, TX 77015-3168
Property profile & analytics
14514 Gainesville St, Unit 5, Houston, TX 77015-3168
- Apartment buildings
- 2,592 SF
- 0.13 lot acres
Property ID
US82-0199936
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 14514 Gainesville St
- Year built
- 1980
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.13 lot acres
- Property type
- Apartment buildings
- APN
- 630450410008
- APU
- 630450410008
Description
This exceptional investment opportunity presents a four-unit multifamily property located at 14514 Gainesville St, Houston, TX 77015. The property consists of two single-story buildings totaling 3,153 square feet on a 5,500 square foot lot. The unit mix includes three two-bedroom, one-bathroom units and one one-bedroom, one-bathroom unit. Currently operating at 75% occupancy, this property offers significant value-add potential. Individual electric and gas meters are installed, with a master water meter. Tenants are responsible for their utilities. Each unit includes dedicated parking. Window air conditioning units are currently in place. The property was built in 1980 and is classified as Class C. The asking price is $190,000, representing $47,500 per unit and $60.26 per square foot. Owner financing is available at 8.5% interest with a 20% down payment, a five-year balloon payment, and no prepayment penalty. The property benefits from strong rental demand in a rapidly improving area with diverse employment opportunities, promising significant future equity appreciation and relatively low maintenance costs. Showings require a 24-48 hour notice and proof of funds or a pre-approval letter. This is a rare opportunity to acquire a well-located, value-add multifamily property in a growing Houston neighborhood.
Value Estimations
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.1649
- Latitude
- 29.7866
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$613
$33,000
$49,549
$82,549
-
$33,000
$49,549
$82,549
