$1,395,000 Last Listed Price
●
House -
Off Market
105 Payne Street
Houston, TX 77009
6 Beds
5 Baths
3,314 Ft²
$8,899
Est. Monthly
About This Property
Charming Heights Property with updated Main Home and Leased
Bungalow! Welcome to Payne Street, a unique property featuring two
homes on one lot-perfect for modern living and generating rental
income. Located minutes from Downtown, Heights restaurants, bars,
and the White Oak bike/hike trail.
MAIN HOME: This beautifully updated main home offers 3,314 sq. ft - 4 bedrooms, 4 baths, a playroom, office, and both front and back porches. Additional highlights include kitchen with island seating, luxurious primary bathroom, ensuite bedrooms, and hardwood floors throughout. Wired for video security, home speakers, and Cat 6 internet in every room. Stylishly modernized, this home is ready for move-in!
RENTAL/GUEST HOME: The rental home is a picture-perfect Heights bungalow with original hardwood floors, a charming kitchen, tall ceilings, and a lovely backyard deck, great for entertaining. 1,056 sq. ft Currently leased for $2,100/month. * All per seller.
MAIN HOME: This beautifully updated main home offers 3,314 sq. ft - 4 bedrooms, 4 baths, a playroom, office, and both front and back porches. Additional highlights include kitchen with island seating, luxurious primary bathroom, ensuite bedrooms, and hardwood floors throughout. Wired for video security, home speakers, and Cat 6 internet in every room. Stylishly modernized, this home is ready for move-in!
RENTAL/GUEST HOME: The rental home is a picture-perfect Heights bungalow with original hardwood floors, a charming kitchen, tall ceilings, and a lovely backyard deck, great for entertaining. 1,056 sq. ft Currently leased for $2,100/month. * All per seller.
Unit Size
3,314 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$421
Property Type
House
Property Taxes
$2,049
HOA Dues
-
Year Built
1920
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (HAR #70103743)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 21, 2025 | Sold | ||
| Sold | |||
| Feb 14, 2025 | In contract | - | |
| In contract | |||
| Feb 6, 2025 | No longer available | - | |
| No longer available | |||
| Feb 5, 2025 | Listed by C & K Properties | $1,395,000 | |
| Listed by C & K Properties | |||
| | |||
|
Charming Heights Property with updated Main Home and Leased Bungalow! Welcome to Payne Street, a unique property featuring two homes on one lot—perfect for modern living and generating rental income. Located minutes from Downtown, Heights restaurants, bars, and the White Oak bike/hike trail.
MAIN HOME: This beautifully updated main home offers 3,314 sq. ft - 4 bedrooms, 4 baths, a playroom, office, and both front and back porches. Additional highlights include kitchen with island seating, luxurious primary bathroom, ensuite bedrooms, and hardwood floors throughout. Wired for video security, home speakers, and Cat 6 internet in every room. Stylishly modernized, this home is ready for move-in!
RENTAL/GUEST HOME: The rental home is a picture-perfect Heights bungalow with original hardwood floors, a charming kitchen, tall ceilings, and a lovely backyard deck, great for entertaining. 1,056 sq. ft Currently leased for $2,100/month. * All per seller.
| |||
| Nov 6, 2024 | No longer available | - | |
| No longer available | |||
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Property Highlights
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Central Houston
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Listed by: Kristi Neal, C & K Properties
Last Updated: 5 months ago
Data Source: HAR , MLS# 70103743
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Last Updated: 5 months ago
Data Source: HAR , MLS# 70103743
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