| Beds 2 | Baths 2 | 1,478 Sqft | 0.39 Acres |
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Property Description
Unlock income potential on this 16,000+ sq ft unrestricted lot, ideally located just minutes from Hobby Airport and the U of H. Move-in ready with minimal repairs and clean-up needed. This site is a rare gem for boutique apartment developers looking to capitalize on Houston’s booming rental corridor.Why This Property Stands Out: Unrestricted Zoning – Build 8–12 units (1,200–1,500 sq ft each) with no red tape. Proven Rental Demand – 80+ nearby complexes show strong occupancy (93–95%), with 1–2 BR units leasing for $1,200–$1,900/month. Captive Tenant Base – Serve Hobby’s 12M+ annual travelers and U of H’s 47,000+ students and staff. Located near I-45/610 for excellent visibility and logistics. This is the last scalable lot in a supply-constrained zone.?Act fast—opportunities like this don’t last. Contact us today for feasibility studies and ROI projections.
General Information
Sale Price: $259,900
Price/SqFt: $176
Status:
MLS#: 85094464
Post Office: houston
Acres: 0.3856
Bedrooms:2
Bathrooms:2 (2 full, 0 half)
House Size: 1,478 sq.ft.
Acreage: 0.3856 est.
Year Built: 1938
Property Type: Single-Family
Style: Traditional
Features & Room Sizes
Garage: 2
Garage Description: Attached Garage
Exterior: Wood
Basement: No
Foundation : Slab
Cooling: Central Gas
Heating: Central Electric
Waste: Public Sewer,Public Water
Watersource: Public Sewer,Public Water
Community/Association Features
Tax, Fees & Legal
Legal Description: TR 5 BLK 205 PAARK PLACE CIRCLE
Est. Winter Taxes: $4,009
HOA fees:
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Listing By: Robyn Taylor of Better Homes and Gardens Real Estate Gary Greene - Lake Houston, Phone: 832-445-0408
