7431 Avenue L, Houston, Texas 77011
$259,000
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About 7431 Avenue L
Excellent investment opportunity in the vibrant Magnolia Park neighborhood, being sold as is! This triplex offers strong income potential, ideal for investors or those looking to live in one unit while renting out the others. The property is conveniently located close to schools, a public park within walking distance, and easy access to major roads for seamless transit options.
The front unit is a comfortable 2-bedroom, 1-bath residence, while the back houses a 2-story duplex, each unit featuring 1 bedroom and 1 bath. Income Breakdown: The front unit is vacant and could bring in $1,300 per month. The second unit, recently vacated, was previously rented for $900/month, and the third unit has been occupied since March 2024 at $850/month. All including utilities, only 1 meter for the entire property.
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Highlights
- 7431 Avenue L
- $259,000
- Multi-Family
- 1,744 Home Sq Ft
- Houston 77011
- 2 Beds
- 1 Full Bath
- 5,000 Lot Sq Ft
General Description
- Listing Price $259,000
- City Houston
- Zip Code 77011
- Subdivision Magnolia Park Sec 02
- Listing Status Pending
- Baths 1 Full Bath(s)
- Stories 2
- Year Built 1930 / Appraisal District
- Lot Size 5,000 / Appraisal District
- MLS # 29324385 (HAR)
- Days on Market 6 days
- Total Days on Market 6 days
- List Price / Sq Ft $148.51
- Address 7431 Avenue L
- State Texas
- County Harris
- Property Type Multi-Family
- Bedrooms 2
- Garage 0
- Building Sq Ft 1,744
- Market Area East End Revitalized Area
- Area 4
Taxes & Fees
- Tax IDNA
- Tax RateUnknown
- Taxes w/o Exemption/YrUnknown
- Maint FeeNo
Interior Features
- FireplaceNo
-
Heating
Central Electric
-
Cooling
Central Electric
- DishwasherMaybe
- RangeYes
- DisposalMaybe
- MicrowaveMaybe
- LoftMaybe
Exterior Features
-
Roof
Wood Shingle
- Private PoolMaybe
- Area PoolMaybe
- New ConstructionNo
- Listing Firm
Schools (HOUSTO - 27 - Houston)
Name |
Grade |
Great School Ranking |
Performance Index |
Distinction Designations |
De Zavala Elem (Houston) |
Elementary |
5 of 10 |
4 of 4 |
5 of 7 |
Edison Middle |
Middle |
4 of 10 |
4 of 4 |
0 of 7 |
Austin High (Houston) |
High |
2 of 10 |
4 of 4 |
2 of 7 |
School information is generated by the most current available data we have. However, as school boundary maps can change, and schools can get too crowded (whereby students zoned to a school may not be able to attend in a given year if they are not registered in time), you need to independently verify and confirm enrollment and all related information directly with the school.
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