3403 Pine Ridge Lane
Houston, TX 77088
$223,500
Tenant-occupied with a lease in place through April 2027, this home offers an established rental opportunity with a calculated cap rate exceeding 5% at the current asking price. The tenant has expressed strong interest in renewing for another year, providing potential for continued occupancy beyond the current lease. Maintenance costs have been very low over the past two years, with records available upon request. Includes appliances, including dishwasher purchased in last 12 months. HVAC unit was replaced since last purchased as well. Situated on an oversized cul-de-sac lot, the home features vaulted ceilings, granite countertops, and a covered back porch overlooking a huge backyard with plenty of space to relax and entertain. An appealing option for investors seeking an income-producing property or buyers planning a future move after the tenancy ends. Low taxes, Low HOA, a fantastic opportunity!
| Listing Id: | 32373916 |
|---|---|
| List Price: | $223,500 |
| Property Type: | Residential |
| Property Sub Type: | Detached |
| Status: | Active |
| Bedrooms Total: | 3 |
| Bathrooms Full: | 2 |
| Living Area: | 1,811 |
| Association Fee: | $250 |
| Tax Annual Amount: | $5,111 |
| Lot Size Acres: | 0.1641 |
| Architectural Style: | Traditional |
| Waterfront?: | No |
| City: | Houston |
| County Or Parish: | Harris |
| Subdivision: | Inwood Pines Sec 04 |
| Postal Code: | 77088 |
| Year Built: | 1978 |
| Appliances: | Dishwasher, Gas Cooktop, Disposal, Gas Oven, Dryer, Refrigerator, and Washer |
| Association Fee: | $250 |
| Association Fee Frequency: | Annually |
| Room Type: | BreakfastRoomNook, Den, DiningRoom, EntryFoyer, FamilyRoom, LivingRoom, UtilityRoom |
| Association Name: | Inwood Pines Association |
| Association Phone: | 281-448-6488 |
| Association?: | Yes |
| Attached Garage?: | Yes |
| Basement Yn: | No |
| Bathrooms Total Integer: | 2 |
| Building Area Total: | 1,811.0 |
| Construction Materials: | Brick |
| Cooling: | Central Air and Electric |
| Cooling?: | Yes |
| Directions: | From I-45, travel west on S Victory Dr past W. Montgomery Rd. Right on TC Jester Blvd., right on Mayfield Oaks, left on Alperton which curves right and becomes Sardis, left on Draco, right on Pine Ridge. Home at the end of the cul-de-sac. |
| Disclosures: | MunicipalUtilityDistrictDisclosure |
| Elementary School: | CARAWAY ELEMENTARY SCHOOL (ALDINE) |
| Elementary School District: | 1 - Aldine |
| Exterior Features: | CoveredPatio, Deck, Fence, Patio, PrivateYard |
| Fencing: | BackYard |
| Fireplace Features: | GasLog |
| Fireplaces Total: | 1 |
| Fireplace?: | Yes |
| Flooring: | Carpet, Plank, Tile, Vinyl |
| Foundation Details: | Slab |
| Garage Spaces: | 2.0 |
| Garage?: | Yes |
| Heating: | Central, Gas |
| Heating?: | Yes |
| High School: | EISENHOWER HIGH SCHOOL |
| High School District: | 1 - Aldine |
| Interior Features: | AllBedroomsDown, BreakfastBar, EntranceFoyer, EnSuiteBathroom, FullBathOnMainLevel, GraniteCounters, HighCeilings, KitchenFamilyRoomCombo, MainLevelPrimary, Pantry, TubShower, Vanity, WalkInClosets |
| Internet Automated Valuation Display?: | Yes |
| Internet Consumer Comment?: | Yes |
| Lease Considered?: | No |
| Levels: | One |
| Listing Agreement: | ExclusiveRightToLease |
| Listing Terms: | Cash, InvestorFinancing |
| Living Area Source: | Appraiser |
| Lot Features: | CulDeSac |
| Lot Size Area: | 7,150.0 |
| Lot Size Source: | Appraiser |
| Lot Size Units: | SquareFeet |
| Middle Or Junior School: | GARCIA MIDDLE SCHOOL (ALDINE) |
| Middle Or Junior School District: | 1 - Aldine |
| MLS Area Major: | 11 |
| MLS Area Minor: | Northwest Houston |
| New Construction?: | No |
| Original List Price: | $223,500 |
| Parcel Number: | 109-882-000-0034 |
| Parking Features: | Attached, Garage |
| Parking Total: | 2 |
| Patio And Porch Features: | Covered, Deck, Patio |
| Pool Private?: | No |
| Postal City: | Houston |
| Postal Code Plus4: | 5634 |
| Public Survey Section: | 004 |
| Road Surface Type: | Asphalt |
| Roof: | Composition |
| Rooms Total: | 7 |
| Security Features: | SmokeDetectors |
| Sewer: | PublicSewer |
| Status: | Active |
| State Or Province: | TX |
| Stories: | 1 |
| Street Number Numeric: | 3,403 |
| Tax Year: | 2026 |
| Universal Property: | US-48201-N-1098820000034-R-N |
| Water Source: | Public |
| Year Built Source: | PublicRecords |
| Listing Key: | 1194382526 |
| Current Price: | $223,500.00 |
| Country Subdivision: | 48201 |
| Record Signature: | -1,734,029,439 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:48201:109-882-000-0034 |
Listing Courtesy of: Shannon Property Management
Listing Agent: Erik S Finchler
936-697-4001
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Houston Association of REALTORS® data last updated on November 04, 2026 03:23 AM - ET.
Property Last Updated: November 04, 2026 03:23 AM - ET
