INCOME PRODUCING WHILE YOU BUILD?? Collecting cash flow in the front while you build 2 townhouses in the back with 5000 sf lot. Rare multi-family opportunity featuring three well-maintained duplexes (6 units total) in Houston’s highly desirable University Area. Each unit offers a 1-bedroom, 1-bath layout, perfectly suited for strong rental demand in this central location. All 6 units are currently tenant-occupied, providing immediate cash flow while you build long-term value and equity. Ideally located near Downtown Houston, University of Houston, Texas Southern University, and the Texas Medical Center, this property consistently attracts students, medical professionals, and VA. Easy access to I-69, I-45, and Hwy 288 makes getting around effortless. Low tax rate and high rental demand make this a solid investment opportunity. Drive-by only for occupied units. Please do not disturb tenants.
For sale
Price cut: $35K (8/2)
$695,000
3224 McGowen St, Houston, TX 77004
6beds
3,080sqft
Duplex
Built in 1938
-- sqft lot
$648,600 Zestimate®
$226/sqft
$-- HOA
What's special
- 32 days
- 104
- 5
Zillow last checked:
Listing updated:
Listed by:
Thao Nguyen TREC #0697470 346-226-6699,
eXp Realty LLC,
Dung Sherrill TREC #0804124 346-355-7788,
eXp Realty LLC
Source: HAR,MLS#: 81312404
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Natural Gas
Cooling
- Ceiling Fan(s), Window Unit(s)
Appliances
- Included: Refrigerator
Features
- Flooring: Laminate, Tile
Interior area
- Total structure area: 3,080
- Total interior livable area: 3,080 sqft
Property
Features
- Stories: 1
Lot
- Size: 10,001 Square Feet
- Features: Subdivided, Near Public Transit
Details
- Parcel number: 0372330000004
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Wood Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1938
Community & HOA
Community
- Subdivision: Wilson Wm A
Location
- Region: Houston
Financial & listing details
- Price per square foot: $226/sqft
- Tax assessed value: $463,363
- Annual tax amount: $9,847
- Date on market: 8/2/2026
- Listing terms: Cash,Conventional,Investor
- Lease term: 1 Year
Estimated market value
$648,600
$616,000 - $681,000
$1,185/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/2/2026 | Price change | $695,000-4.8%$226/sqft |
Source:  HAR #74938557 Report a problem | ||
| 6/4/2026 | Price change | $730,000-3.9%$237/sqft |
Source: HAR #50766314 Report a problem | ||
| 5/7/2026 | Price change | $760,000-5%$247/sqft |
Source: HAR #50766314 Report a problem | ||
| 3/10/2026 | Listed for sale | $800,000+6.7%$260/sqft |
Source: HAR #50766314 Report a problem | ||
| 8/27/2025 | Listing removed | $825 |
Source: Zillow Rentals Report a problem | ||
| 8/4/2025 | Listed for rent | $825 |
Source: Zillow Rentals Report a problem | ||
| 12/26/2024 | Listing removed | $749,900$243/sqft |
Source: HAR #17134030 Report a problem | ||
| 5/9/2024 | Listed for sale | $749,900-6.3%$243/sqft |
Source: HAR #17134030 Report a problem | ||
| 5/3/2024 | Listing removed | -- |
Source: HAR #25655330 Report a problem | ||
| 4/20/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/5/2024 | Listed for rent | $825 |
Source: Zillow Rentals Report a problem | ||
| 2/14/2024 | Listed for sale | $799,900$260/sqft |
Source: HAR #25655330 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,847 +15.3% | $463,363 +13.5% |
| 2024 | $8,540 +16.6% | $408,135 +12.3% |
| 2023 | $7,323 -7.1% | $363,457 +1.6% |
| 2022 | $7,880 | $357,857 +27.6% |
| 2021 | -- | $280,506 +52.1% |
| 2020 | $4,425 +11.1% | $184,410 +12.2% |
| 2019 | $3,981 +11.8% | $164,410 -1.9% |
| 2018 | $3,561 | $167,674 +19% |
| 2017 | $3,561 +20.4% | $140,939 +20.5% |
| 2016 | $2,957 +9.2% | $116,925 |
| 2015 | $2,706 | $116,925 +11.1% |
| 2014 | $2,706 | $105,279 |
| 2013 | -- | $105,279 |
| 2012 | -- | $105,279 |
| 2011 | -- | $105,279 |
| 2010 | -- | $105,279 |
| 2009 | -- | -- |
| 2008 | -- | $105,279 +7.9% |
| 2007 | -- | $97,605 -4.5% |
| 2006 | -- | $102,230 -5% |
| 2005 | -- | $107,555 +33.8% |
| 2004 | -- | $80,400 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Greater Third Ward
Nearby schools
Schools provided by the listing agent
- Elementary: Blackshear Elementary School (Houston)
- Middle: Cullen Middle School (Houston)
- High: Yates High School
Source: HAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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