tomo logo

$185,199

Beds
2
Baths
1.0
sq ft
1,168

606 E 42nd St, Houston, TX 77022

606 E 42nd St

Houston, TX 77022

  • 40 days on market
Prime Investment Opportunity for Investors & Builders –Location less than 10 miles to downtown. Looking for your next investment or new build site? 606 E 42nd offers the perfect location to make your next move! This charming 2-bedroom home is tenant-occupied through 7/31/2025 below market rent at $947, providing steady rental income to cover your carrying costs until you're ready to break ground on your next project. Key Features: Hardwood and carpet flooring throughout ~ Ceiling fans in the living room and bedrooms for added comfort ~ Concrete slab in the backyard, perfect for summer BBQ's and outdoor gatherings. Convenient access to downtown Houston and 3 major freeways. This property is situated just minutes from everything you need, making it a highly sought-after location for future development. Whether you're an investor seeking reliable cash flow or a builder looking for the next great spot, this home is a must-see! Don't miss out on this fantastic opportunity!

Details

Property type

Single Family Residence

Est. home value

$169,965

Lot size

Unknown

Price per sq ft

$159

Year built

1945

Price History

02/19/2025
Houston

Houston #62467058

Listed
$185,199
01/01/2025
Houston

Houston #91941073

Removed
12/05/2024
Houston

Houston #91941073

Price change
$185,970
-1.59%

Schools & Community

Neighborhood: 

Independence Heights

Elementary school: 

BURRUS ELEMENTARY SCHOOL

Middle school: 

WILLIAMS MIDDLE SCHOOL

High school: 

WASHINGTON HIGH SCHOOL

School district: 

Houston

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Mct Cu

Loan start date

July 2016

Original loan amount

$176,000

Est. remaining balance

Not provided

Interest rate

2.89%

Loan type

Commercial, 10 year

Seller

Kw Rentals Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

Houston
$189,599
2 bd
|
1 ba
|
824 sq ft
|
House

3506 Hinton Blvd, Houston, TX 77022

Houston
$200,000
2 bd
|
1.5 ba
|
1,224 sq ft
|
House

702 E 41st St, Houston, TX 77022

Houston
$149,000
2 bd
|
1 ba
|
890 sq ft
|
House

1517 32Nd 1/2 St, Houston, TX 77022

Status: Active

Tomo last checked: 04/01/2025 at 1:15 PM

Listing updated: 03/30/2025 at 9:53 PM

Listed by: Michelle Arriola, HH Premier Realty, LLC Phone #: (832) 577-0001

MLS: Houston #62467058

Houston logo

Recently listed in Houston

$335,000|3 bd|2.5 ba|House
$375,000|4 bd|2.5 ba|House
$589,000|3 bd|2.0 ba|House
$575,000|3 bd|3.5 ba|Townhouse
$1,240,000|4 bd|2.5 ba|House
$378,650|2 bd|1.0 ba|Townhouse
$430,000|3 bd|2.0 ba|House