Well-maintained 15-unit apartment complex on a valuable corner lot in a rapidly improving neighborhood, offering strong current income and long-term upside. The property includes two 4-plex buildings (1940) and a 7-unit garden-style building (1962), with a total of 10,800 SF and an average of 720 SF per unit. Amenities include on-site laundry, three garage units, two storage rooms, and ample parking. All units feature central AC; the front buildings have been repiped with PEX plumbing and individual shut-offs. Recent improvements include new roofs (2020), electrical upgrades (2021), resurfaced parking lot (2021), multiple HVAC replacements, new commercial laundry units, updated kitchens in two units, and several new water heaters. Certificate of Occupancy was renewed in 2021. With over $100K in recent capital improvements, steady tenant demand, and prime location, this turnkey investment provides immediate cash flow and future growth potential.
For sale
$2,500,000
1849 W Main St #15, Houston, TX 77098
--beds
0baths
10,100sqft
Multi Family
Built in 1940
-- sqft lot
$-- Zestimate®
$248/sqft
$20/mo HOA
What's special
Central acResurfaced parking lotCorner lotRepiped with pex plumbingNew roofs
- 315 days |
- 115 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Amanda Smith TREC #0673022 310-307-9998,
Boulevard Realty
Source: HAR,MLS#: 70116432
Loading...
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Natural Gas
Cooling
- Ceiling Fan(s), Electric
Appliances
- Included: Dishwasher, Refrigerator
Features
- Flooring: Tile, Wood
Interior area
- Total structure area: 10,100
- Total interior livable area: 10,100 sqft
Property
Parking
- Parking features: Auto Garage Door Opener, Carport, Garage, Less Than One Parking Units
- Has garage: Yes
- Has carport: Yes
Features
- Stories: 2
Lot
- Size: 0.29 Acres
- Features: Subdivided
Details
- Parcel number: 0382240000001
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Wood Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Utilities for property: Electricity Available, Natural Gas Connected, Water Connected
Community & HOA
Community
- Subdivision: Montlew Place
HOA
- HOA fee: $20 monthly
Location
- Region: Houston
Financial & listing details
- Price per square foot: $248/sqft
- Tax assessed value: $1,871,058
- Annual tax amount: $39,764
- Date on market: 8/28/2025
- Listing terms: Cash,Conventional,Other
- Lease term: 1 Year
Estimated market value
Not available
Estimated sales range
Not available
$1,875/mo
Price history
| Date | Event | Price |
|---|---|---|
| 2/12/2026 | Price change | $2,500,000-5.3%$248/sqft |
Source:  HAR #70116432 Report a problem | ||
| 8/28/2025 | Price change | $2,640,000+5.6%$261/sqft |
Source: HAR #70116432 Report a problem | ||
| 7/13/2025 | Listed for sale | $2,500,000$248/sqft |
Source: HAR #78798813 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $39,764 -1.4% | $1,871,058 -3% |
| 2024 | $40,343 +4.3% | $1,928,107 +0.5% |
| 2023 | $38,672 +26.6% | $1,919,364 +38.4% |
| 2022 | $30,546 | $1,387,259 -4.3% |
| 2021 | -- | $1,450,221 +6.2% |
| 2020 | $31,047 +19.3% | $1,365,486 +27% |
| 2019 | $26,032 +10.9% | $1,075,000 +2% |
| 2018 | $23,480 | $1,054,400 +10.8% |
| 2017 | $23,480 -4.8% | $951,734 +0% |
| 2016 | $24,662 +7.6% | $951,550 +0% |
| 2015 | $22,913 | $951,243 +11.9% |
| 2014 | $22,913 | $850,000 +12.7% |
| 2013 | -- | $754,274 +8.9% |
| 2011 | -- | $692,409 +12.2% |
| 2010 | -- | $617,000 -15.2% |
| 2008 | -- | $727,490 +20.7% |
| 2007 | -- | $602,490 +17.1% |
| 2005 | -- | $514,382 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Neartown - Montrose
Nearby schools
GreatSchools rating
- 8/10Poe Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 10/10Lanier Middle SchoolGrades: 6-8Distance: 0.4 mi
- 6/10Lamar High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Poe Elementary School
- Middle: Lanier Middle School
- High: Lamar High School (Houston)
Source: HAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Texas
- Harris County
- Houston
- 77098
- Neartown - Montrose
- 1849 W Main St Unit 15
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Houston Topics
