3318 Wichita St, Houston, TX, 77004
About This Home
Income producing property offering substantial depreciation tax benefits in Houston’s University market area. Consistently occupied with short-term tenants at a 7.65% cap rate. This completely renovated, fully furnished home features 9 bedrooms, 7 bathrooms, 3 living rooms, game room area, lounge areas, washer/dryer, and sleeps up to 18 guests. Designed for large groups, multi-family stays, or corporate travel to name a few. Conveniently located near local restaurants and less than 10 minutes from Texas Medical Center, downtown, museum district, sports stadiums, and major universities. This turnkey property is a great choice for both new and seasoned investors looking to combine income generation with tax efficiency.
Getting Around
Somewhat Walkable
Good Transit
Very BikeableSchools
Construction
Condition
- Year built: 1955
Materials
- Foundation: Slab
- Roof: Composition
- Construction materials: Batts Insulation,Brick,Cement Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Disposal,Dryer,Refrigerator,Washer,Electric Oven,Microwave,Electric Range,Dishwasher
- Laundry features: Electric Dryer Hookup,Washer Hookup
Bedroom
- Level: Second
- Area: 132
- Dimensions: 11x12
Bedroom
- Level: First
- Area: 144
- Dimensions: 12x12
Bedroom
- Level: Second
- Area: 156
- Dimensions: 12x13
Bedroom
- Level: Second
- Area: 132
- Dimensions: 12x11
Bedroom
- Level: First
- Area: 143
- Dimensions: 13x11
Bedroom
- Level: Second
- Area: 144
- Dimensions: 12x12
Bedroom
- Level: Second
- Area: 121
- Dimensions: 11x11
Bedroom
- Level: Second
- Area: 154
- Dimensions: 14x11
Bedrooms & Bathrooms
- Bedrooms: 9
- Bathrooms: 7
- Full bathrooms: 7
Dining Room
- Level: First
- Area: 144
- Dimensions: 12x12
Features
- 2 Bedrooms Down,En-Suite Bath,Sitting Area,Walk-In Closet(s)
- Door features: Insulated Doors
- Window features: Insulated/Low-E windows,Window Coverings
- Flooring: Carpet,Laminate,Tile
Heating & Cooling
- Heating features: Electric
- Cooling features: Ceiling Fan(s),Electric
Interior Area
- Total structure area: 4,915
- Total interior livable area: 4,915 sqft
Kitchen
- Level: First
- Area: 210
- Dimensions: 15x14
Living Room
- Level: First
- Area: 168
- Dimensions: 12x14
Primary Bedroom
- Level: First
- Area: 196
- Dimensions: 14x14
Property
Details
- Parcel number: 0620490030005
Features
- Stories: 2
- Patio & porch: Porch
- Exterior features: Side Yard
- Fencing: Back Yard
Lot
- Lot size: 6,899 sqft
- Features: Subdivided,0 Up To 1/4 Acre
Parking
- Total spaces: 2
- Parking features: Attached,Additional Parking,Garage Door Opener,Double-Wide Driveway,Porte-Cochere,Attached Carport
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 2
- Carport: Yes
- Carport spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Inland Flooding
- Tornado
- Cold Wave
- Hurricane
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,562 | $66,744 |
| Home Insurance * | $833 | $9,996 |
| Property Taxes | $1,914 | $22,968 |
| Electricity | $539 | $6,476 |
| Total | $8,848 | $106,176 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-16 | Listing removed | $6,500 |
| 2026-08-05 | Price change | $6,500 |
| 2026-06-24 | Price change | $7,000 |
| 2026-06-16 | Listed for sale | $1,100,000 |
| 2026-06-15 | Listed for rent | $7,500 |
| 2025-05-19 | Sold | -- |
| 2025-05-06 | Pending sale | $359,000 |
| 2024-12-05 | Price change | $359,000 |
| 2024-11-22 | Price change | $369,000 |
| 2024-11-08 | Price change | $375,000 |
| 2024-10-25 | Price change | $381,000 |
| 2024-10-11 | Price change | $387,000 |
| 2024-09-27 | Price change | $393,000 |
| 2024-09-13 | Listing removed | $2,705 |
| 2024-09-12 | Price change | $399,000 |
| 2024-08-30 | Listed for sale | $405,000 |
| 2024-08-01 | Price change | $2,705 |
| 2024-07-16 | Price change | $2,775 |
| 2024-06-30 | Price change | $2,820 |
| 2024-05-17 | Price change | $2,895 |
| 2024-05-01 | Price change | $2,970 |
| 2024-04-16 | Listed for rent | $3,050 |
| 2022-09-13 | Sold | -- |
| 2022-08-12 | Pending sale | $399,000 |
| 2020-04-22 | Sold | -- |
| 2019-07-25 | Sold | -- |
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