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.
Tierwester, located between Almeda Rd and Scott St, is a residential and institutional Houston neighborhood with mid-century blocks and a campus-lined streetscape. The neighborhood’s character concentrates around the Almeda Rd & Wheeler Ave corridor, where stadium traffic, student footpaths, and small storefronts set a brisk, weekday rhythm. Texas Southern University anchors the area with broad lawns, lecture halls, and event nights that spill into nearby streets. The Robert J. Terry Library reads as a local landmark, pairing civic calm with academic energy. Housing skews toward modest single-family homes and low-rise apartments, with wide rights-of-way and mature trees shaping the street feel. MacGregor Park and the Brays Bayou greenbelt frame the edges with long, linear paths and open fields.
Provided by Walk Score and Local Logic
Offer insights
3318 Wichita St · $1,100,000
$1.08M and above
75% chance or better to win
Why $1.08M+ is a strong offer
DAYS ON MARKET
107 days
The average home goes pending in 55 days.
SALE-TO-LIST
97.1%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Breakfast bar
Kitchen island
Kitchen/family room combo
Pots & pan drawers
Pantry
Quartz counters
Tub with shower
Window treatments
Ceiling fans
Kitchen/dining combo
Living/dining room
Programmable thermostat
Insulated doors
Low emissivity windows
Window coverings
Bedrooms
Primary bedroom on the first floor (approx. 14x14)
Additional first-floor bedrooms (approx. 13x11 and 12x12)
PRIME LOCATION in the historic and highly sought-after Southwood Subdivision—just minutes from the Museum District, Downtown Houston, Medical Centers, Parks, Texas Southern University, and the University of Houston. This updated 3-bed, 2-bath single-story brick home offers an open floor plan with a spacious living room, dining area, and a well-appointed kitchen featuring stainless steel appliances and a large center island with seating. The three bedrooms are generously sized, and the two full baths have been recently updated. Situated on a generous lot, the home includes a fenced backyard, covered front porch, and a spacious back deck with paver patio—ideal for entertaining. An oversized 1-car attached garage provides ample storage and convenience.
HARMLS #78231604
Jan 21, 2025
Listing Removed
—
Dec 4, 2024
Price Changed
$359,000
$73/sq ft
Nov 22, 2024
Price Changed
$369,000
$75/sq ft
Nov 7, 2024
Price Changed
$375,000
$76/sq ft
Oct 25, 2024
Price Changed
$381,000
$78/sq ft
Oct 11, 2024
Price Changed
$387,000
$79/sq ft
Sep 27, 2024
Price Changed
$393,000
$80/sq ft
Sep 12, 2024
Price Changed
$399,000
$81/sq ft
Aug 30, 2024
Listed
$405,000
$82/sq ft
RENTLY #1
Aug 15, 2024
Rental Removed
$2,705
$1/sq ft
Aug 2, 2024
Price Changed
$2,705
$1/sq ft
Jul 16, 2024
Price Changed
$2,775
$1/sq ft
Jul 1, 2024
Price Changed
$2,820
$1/sq ft
May 17, 2024
Price Changed
$2,895
$1/sq ft
May 1, 2024
Price Changed
$2,970
$1/sq ft
Apr 16, 2024
Listed for Rent
$3,050
$1/sq ft
Public Records
Sep 14, 2022
Sold
*
HARMLS #84434950
Sep 13, 2022
Sold
$370K - $425K
Aug 18, 2022
Pending
—
Aug 12, 2022
Pending
—
Jul 29, 2022
Price Changed
$399,000
$81/sq ft
Jul 29, 2022
Price Changed
$389,000
$79/sq ft
Jul 22, 2022
Price Changed
$399,000
$81/sq ft
Jul 13, 2022
Listed
$409,000
$83/sq ft
HARMLS #82367371
Apr 22, 2020
Sold
$320K - $370K
Apr 17, 2020
Pending
—
Mar 1, 2020
Pending
—
Feb 26, 2020
Pending
—
Feb 14, 2020
Pending
—
Jan 27, 2020
Relisted
—
Jan 24, 2020
Pending
—
Jan 10, 2020
Listed
$349,999
$71/sq ft
Public Records
Feb 18, 2019
Sold
*
HARMLS #41393360
Feb 11, 2019
Sold
$245K - $280K
Jan 15, 2019
Listed
$275,000
$56/sq ft
Public Records
Mar 7, 2017
Sold
*
HARMLS #70847577
Dec 20, 2016
Listed
$179,500
$37/sq ft
HARMLS #30192968
Nov 30, 2016
Listing Removed
—
Oct 31, 2016
Listed
$300,000
$61/sq ft
Public Records
Jan 2, 1988
Sold
*
* Price is not available or MLS listing is off market.
Year
Property tax
Land + Additions
Assessment*
2026
$18,658 (+111.4%)
$158,700 + $674,165
$832,865
2025
$8,826 (+1.5%)
$158,700 + $235,300
$394,000
2024
$8,697 (+3.6%)
$158,700 + $235,300
$394,000
2023
$8,391 (−1.7%)
$158,700 + $235,300
$394,000
2022
$8,538 (+9.3%)
2021
$7,808 (−22.8%)
$124,200 + $210,800
$335,000
2020
$10,110 (+69.5%)
$124,200 + $277,887
$402,087
2019
$5,965 (+4.4%)
$124,200 + $110,955
$235,155
2018
$5,712 (+15.8%)
$124,200 + $91,727
$215,927
2017
$4,934 (+9.9%)
2016
$4,489 (+4.7%)
2015
$4,289 (+13.8%)
2014
$3,769 (+12.3%)
$75,900 + $64,444
$140,344
2013
$3,357 (−7.2%)
$75,900 + $64,444
$140,344
2012
$3,617 (−38.3%)
$75,900 + $49,648
$125,548
2011
$5,857 (+169.6%)
2010
$2,173 (+7.4%)
2009
$2,022
Public record
Public record
Permits
Beds
3
Baths
2.5
Stories
1
Lot width
—
Lot depth
—
Lot size
6,900 Sq. Ft.
Year renovated
1955
Finished Sq. Ft.
1,895
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,895
Year built
1955
Style
Single Family Residential
County
Harris County
APN
0620490030005
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 11, 2026.
Feb 13, 2020 • Final
P1*add-pl-pmt
Work on residential plumbing.
Plumbing
Feb 13, 2020 • Final
Plumbing pmt
Work on residential plumbing.
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
8/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
9/10 Heat Factor
7 days above 109° expected this year, 24 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Houston, TX • 77004
Average low and high temperatures (°F)
62
46
73
54
80
62
82
68
87
71
91
78
95
79
94
79
91
74
88
69
79
61
71
54
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
85/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Houston. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10 hrs
6.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3318 Wichita St
$1,043,905
$56K under list price of $1.10M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $500K to $1.8M.