$395,500
●
Land -
For Sale
106 W Pitts Avenue
Pasadena, TX 77506
Studio
0 Bath
$2,109
Est. Monthly
About This Property
This property boasts 254 feet frontage on Shaver, 199 feet on
Pitts, and 65 feet along Tabor Street. Formerly an apartment
complex, it now offers cleared land with all necessary utilities
for new development. Shaver features new concrete paving, and the
historic Pasadena area is undergoing infrastructure updates.
Located in an opportunity zone, this property presents a prime
investment opportunity in a rapidly developing area.
Unit Size
-
Days on Market
-
Land Size
0.87 acres
Price per sqft
-
Property Type
Land
Property Taxes
$167
HOA Dues
-
Year Built
-
Listed By
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Cap Rate
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: 12 months ago (HAR #2172531)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 2, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Dec 1, 2025 | Listed by Texas General Realty, Inc. | $395,500 | |
| Listed by Texas General Realty, Inc. | |||
| May 9, 2024 | No longer available | - | |
| No longer available | |||
| May 8, 2024 | Listed by Texas General Realty, Inc. | $395,500 | |
| Listed by Texas General Realty, Inc. | |||
| | |||
|
This property has 254 feet frontage on Shaver, 199 feet of frontage on Pitts and 65 feet frontage along Tabor Street. This was once an apartment complex and is now cleared land. There should be all the needed utilities on the sight for any new development. Shaver has new concrete paving and most of all of the historic Pasadena is getting new infrastructure as the City is updating the area. This property is located in an opportunity zone.
| |||
| Jul 26, 2022 | Listed by Texas General Realty, Inc. | $395,500 | |
| Listed by Texas General Realty, Inc. | |||
| | |||
|
This property has 254 feet frontage on Shaver, 199 feet of frontage on Pitts and 65 feet frontage along Tabor Street. This was once an apartment complex and is now cleared land. There should be all the needed utilities on the sight for any new development. Shaver has new concrete paving and most of all of the historic Pasadena is getting new infrastructure as the City is updating the area. This property is located in an opportunity zone.
| |||
Property Highlights
Exterior Details
Lot Features: Corner Lot, Level, Open Lot, Cleared, 1/2 Up to 1 Acre, Curbs & Gutters
Lot Size Area: 0.8666
Lot Size Units: Acres
Lot Size Acres: 0.8666
Lot Size Square Feet: 37749.096
Water Source: Public
Financial Details
Tax Annual Amount: $2,002
Utilities Details
Sewer : Public Sewer
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
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Sold On
Sold On
HOA + Taxes
About Pasadena
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Listed by: Kris Paul, Texas General Realty, Inc.
Last Updated: 12 months ago
Data Source: HAR , MLS# 2172531
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Last Updated: 12 months ago
Data Source: HAR , MLS# 2172531
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