Investor's Dream! Turnkey Property with Immediate Cash Flow A rare opportunity to own a 7-unit multifamily property that is fully occupied, with each unit currently rented for $1,100 per month and significant potential for rent increases this summer. This low-maintenance, high-yield investment offers turnkey convenience and a prime location for continued growth.
Property Highlights:
A+ Rehab Completed in 2017: All units gutted down to the studs and renovated with quality finishes.
Modern Upgrades: New double-pane low-E windows, updated sheetrock, flooring, and doors. Permitted by the City of Houston.
Unit Details: Each 2-bedroom, 1-bath unit includes stainless/black appliances, granite countertops, refrigerator, dishwasher, microwave, garbage disposal, and stackable washer/dryer.
Individual Utilities: Each unit is individually metered for electricity and water.
Ample Land: Enough space to build 3 additional units, expanding income potential further.
For sale
Price cut: $15K (8/13)
$695,000
3938 King St, Houston, TX 77026
2beds
6,300sqft
Multi Family
Built in 1948
-- sqft lot
$650,300 Zestimate®
$110/sqft
$-- HOA
What's special
Modern upgradesAmple landUpdated sheetrockGarbage disposalGranite countertopsNew double-pane low-e windowsRenovated with quality finishes
- 9 days |
- 74 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Vijaianand Thirunageswaram TREC #0612107 281-978-2242,
Om Realty Group
Source: HAR,MLS#: 25929932
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Electric
Cooling
- Electric
Appliances
- Included: Disposal, Microwave, Dishwasher, Refrigerator
Interior area
- Total structure area: 6,300
- Total interior livable area: 6,300 sqft
Property
Features
- Stories: 1
Details
- Parcel number: 0670750090269
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Composition
Condition
- New construction: No
- Year built: 1948
Community & HOA
Community
- Subdivision: Wilshire Place
Location
- Region: Houston
Financial & listing details
- Price per square foot: $110/sqft
- Tax assessed value: $240,600
- Annual tax amount: $5,113
- Date on market: 8/13/2026
- Lease term: 1 Year
Estimated market value
Zestimate®
$650,300
Estimated sales range
$618,000 - $683,000
Rent Zestimate®
$1,073/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/13/2026 | Price change | $695,000-2.1%$110/sqft |
Source: | ||
| 7/2/2026 | Price change | $710,000-2.1%$113/sqft |
Source: | ||
| 6/6/2026 | Price change | $725,000-2%$115/sqft |
Source: | ||
| 4/13/2026 | Price change | $740,000-2.6%$117/sqft |
Source: | ||
| 10/24/2025 | Price change | $760,000-0.7%$121/sqft |
Source: | ||
| 4/14/2025 | Price change | $765,000-0.6%$121/sqft |
Source: | ||
| 2/15/2025 | Price change | $769,9950%$122/sqft |
Source: | ||
| 1/28/2025 | Listed for sale | $770,000+926.7%$122/sqft |
Source: | ||
| 9/12/2024 | Listing removed | $1,100 |
Source: | ||
| 9/5/2024 | Listed for rent | $1,100 |
Source: | ||
| 8/31/2024 | Listing removed | $1,100 |
Source: Zillow Rentals Report a problem | ||
| 6/30/2024 | Listed for rent | $1,100 |
Source: Zillow Rentals Report a problem | ||
| 6/30/2024 | Listing removed | -- |
Source: | ||
| 5/8/2024 | Listed for rent | $1,100 |
Source: | ||
| 4/28/2023 | Listing removed | -- |
Source: | ||
| 3/17/2023 | Listed for rent | $1,100 |
Source: | ||
| 3/16/2023 | Listing removed | -- |
Source: | ||
| 1/26/2023 | Listed for rent | $1,100+22.2% |
Source: | ||
| 6/12/2019 | Listing removed | $900 |
Source: TurboTenant Report a problem | ||
| 6/7/2019 | Price change | $900-18.2% |
Source: TurboTenant Report a problem | ||
| 4/6/2019 | Listed for rent | $1,100 |
Source: www.turbotenant.com Report a problem | ||
| 4/5/2019 | Listing removed | $75,000$12/sqft |
Source: Coldwell Banker United, Realtors - Metropolitan #83222362 Report a problem | ||
| 3/3/2019 | Listed for sale | $75,000$12/sqft |
Source: Coldwell Banker United, #83222362 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,113 +13.5% | $240,600 +11.7% |
| 2024 | $4,507 +21% | $215,400 +3.6% |
| 2023 | $3,725 +99% | $207,982 +95.2% |
| 2022 | $1,872 | $106,574 +21.9% |
| 2021 | -- | $87,405 +15.8% |
| 2020 | $1,811 +20.1% | $75,477 +21.2% |
| 2019 | $1,508 +9.1% | $62,269 +13.8% |
| 2018 | $1,382 | $54,718 |
| 2017 | $1,382 +5% | $54,718 +5.1% |
| 2016 | $1,316 +50.4% | $52,062 +52.9% |
| 2015 | $875 | $34,055 |
| 2014 | $875 | $34,055 |
| 2013 | -- | $34,055 |
| 2011 | -- | $34,055 -49.6% |
| 2010 | -- | $67,538 +98.3% |
| 2009 | -- | $34,055 |
| 2008 | -- | $34,055 +67.3% |
| 2007 | -- | $20,358 -44.1% |
| 2006 | -- | $36,447 +162.2% |
| 2005 | -- | $13,900 -20.1% |
| 2004 | -- | $17,400 |
| 2003 | -- | $17,400 |
| 2002 | -- | $17,400 |
| 2001 | -- | $17,400 +33.8% |
| 2000 | -- | $13,000 |
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: Trinity - Houston Gardens
Nearby schools
GreatSchools rating
- 6/10Kashmere Gardens Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 6/10Key Middle SchoolGrades: 6-8Distance: 0.4 mi
- 3/10Kashmere High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- Elementary: Kashmere Gardens Elementary School
- Middle: Key Middle School
- High: Kashmere 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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