For sale

Price cut: $20K (7/30)

$575,000

1001 W Lobitt St, Alvin, TX 77511

1beds

3,281sqft

$4,082/mo

Get pre-qualified

Multi Family

Built in 1967

-- sqft lot

$552,600 Zestimate^®

$175/sqft

$-- HOA

What's special

Tile backsplashStone countertopsWalk-in closetsIndividual parkingPrivate entry

NEW ROOF 4/2026! 9% Pro Forma Cap Rate-Turnkey 8-Unit Multifamily Investment-Renovated & Income-Producing! * Cosmetic renovations to every unit completed in 2024 with quality upgrades * Modern kitchens with full-size appliances, stone countertops & tile backsplash * Ceiling fans in both the living room & bedroom * Walk-in closets * Private entry, individual parking, separate electric meters per unit * Attractive brick & wood plank siding for lasting curb appeal * Dumpster on-site. This complex offers steady rental income & additional revenue from the brand NEW coin-operated washer & dryer located in a separate laundry room. Quiet corner lot in a residential neighborhood near downtown Alvin, TX ~30 miles from Houston & Galveston. There is an on-site property supervisor. Each unit is 1-bedroom/1-bath thoughtfully designed for comfort & functionality. * DRIVE BY ONLY! Please do not disturb tenants. Showings & inspections allowed during feasibility period.

97 days
123
5

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 1
Full bathrooms: 1

Heating

Window Unit

Cooling

Ceiling Fan(s), Window Unit(s)

Appliances

Included: Range, Refrigerator
Laundry: Common Area

Features

Flooring: Vinyl

Interior area

Total structure area: 3,281
Total interior livable area: 3,281 sqft

Property

Parking

Parking features: One Parking Unit

Features

Stories: 1

Lot

Size: 8,550 Square Feet
Features: Corner Lot

Details

Parcel number: 22600018000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick, Wood Siding
Roof: Composition

Condition

New construction: No
Year built: 1967

Utilities & green energy

Utilities for property: Electricity Available, Natural Gas Connected, Water Connected

Green energy

Energy efficient items: Thermostat

Community & HOA

Community

Subdivision: Bruner Alvin

Location

Region: Alvin

Financial & listing details

Price per square foot: $175/sqft
Tax assessed value: $370,620
Annual tax amount: $8,895
Date on market: 5/23/2026
Listing terms: Cash,Conventional,Investor
Lease term: 6 Month,Month To Month

Estimated market value

$552,600

$525,000 - $580,000

$1,070/mo

Price history

Date	Event	Price
7/30/2026	Price change	$575,000-3.4%$175/sqft
Source: HAR #39540693 Report a problem
5/23/2026	Price change	$595,000+1.7%$181/sqft
Source: HAR #39540693 Report a problem
11/4/2025	Price change	$585,000-1.7%$178/sqft
Source: HAR #95663996 Report a problem
8/22/2025	Listing removed	$750
Source: Zillow Rentals Report a problem
5/30/2025	Listed for sale	$595,000+24%$181/sqft
Source: HAR #95663996 Report a problem
3/26/2025	Listed for rent	$750
Source: Zillow Rentals Report a problem
12/1/2021	Listing removed	--
Source: RE/MAX International Report a problem
9/27/2021	Pending sale	$479,900$146/sqft
Source: HAR #38074914 Report a problem
9/4/2021	Listed for sale	$479,900$146/sqft
Source: HAR #38074914 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$9,066 +1.9%	$370,620 +2.7%
2024	$8,895 -2.2%	$360,910 -1.1%
2023	$9,099 -7.7%	$365,040 +1.5%
2022	$9,860 +244.8%	$359,480 +262.7%
2021	$2,859 +99.9%	$99,100
2020	$1,431 -46.8%	$99,100 +7.8%
2019	$2,690 +0.9%	$91,920 +9.2%
2018	$2,665	$84,160 -5%
2017	$2,665 +3.9%	$88,580 -25.6%
2016	$2,566	$119,100 +37.4%
2015	$2,566	$86,690 +5%
2014	$2,566	$82,560
2012	--	$82,560 +6.4%
2011	--	$77,600 -13.5%
2009	--	$89,720 +22.5%
2008	--	$73,270 +9.7%
2006	--	$66,820
2005	--	$66,820 -5.6%
2004	--	$70,750 +31%
2003	--	$54,020 -8.1%
2002	--	$58,800 +21%
2001	--	$48,590