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1106 Oneil ST
About This Property
Prime Houston Inner Loop location! 1106 Oneil St, Houston, TX 77019 offers a rare opportunity to acquire an existing residential property with potential for redevelopment, adaptive reuse, or conversion, subject to City of Houston requirements and approvals.
Located just off W Gray St, this property is positioned near Midtown Houston, Downtown, Montrose, River Oaks, major employment centers, restaurants, retail, entertainment, and major transportation corridors. Its strategic location places your investment in the heart of one of Houston's most desirable and active areas.
For the savvy investor or developer, this property offers the opportunity to reposition an existing structure and unlock additional value. Explore potential uses such as professional office, boutique business, service-oriented commercial, or other income-producing concepts, subject to applicable zoning, land-use, permitting, and building requirements.
Location, accessibility, and redevelopment potential make this a compelling value-add opportunity. Properties with this type of Inner Loop positioning are increasingly difficult to find, making 1106 Oneil St an excellent opportunity for investors seeking long-term appreciation, redevelopment potential, and strategic Houston real estate.
Whether you're an experienced developer, commercial investor, business owner, or looking for your next value-add project, bring your vision and explore the possibilities at 1106 Oneil St!
Don't miss this opportunity to secure a prime Houston location with significant potential.
Buyer to independently verify all permitted uses, zoning/land-use requirements, redevelopment potential, building restrictions, dimensions, utilities, and other property information with the City of Houston and applicable authorities.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 29, 2026 | Price Decreased |
$550,000
↓ $50K
(8.3%) | |
| Price Decreased | |||
| Jul 17, 2026 | Price Decreased |
$599,999
↓ $50K
(7.7%) | |
| Price Decreased | |||
| Jun 10, 2026 | Price Decreased |
$649,999
↓ $85K
(11.6%) | |
| Price Decreased | |||
| May 16, 2026 | Price Decreased |
$735,000
↓ $15K
(2%) | |
| Price Decreased | |||
| Oct 2, 2025 | Listed by Asset Realty | $750,000 | |
| Listed by Asset Realty | |||
Property Highlights
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About Central Houston
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Phone: 425-283-2930
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