$165,000 Last Listed Price
●
House -
Off Market
118 Van Molan Street
Houston, TX 77022
2 Beds
1 Bath
1,088 Ft²
$1,068
Est. Monthly
About This Property
7,500 sq ft lot ready for development. Measures 50' wide x 150'
deep. Currently has a 1,088 sq ft house with 9-10' ceilings. Great
investment play with multiple exit strategies very near the Fulton
MetroRail line. 1)Can remodel the main home and keep as a rental.
2)Subdivide the land and keep the house on 1 lot and build another
home at the rear. 3)Create a duplex with the existing structure by
adding a 2nd new construction unit to the back. 4)Or you can tear
down and replat this lot into 3-4 lots. Please verify all options
with your architect and general contractor. Property was last
rented in 2021, has been vacant and without utilities since then.
Please drive by and walk the exterior. OWNER FIN AVAIL.
Unit Size
1,088 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$152
Property Type
House
Property Taxes
$258
HOA Dues
-
Year Built
1940
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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: 5 months ago (HAR #61455305)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 5, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Mar 23, 2026 | Listed by Aero Realty, LLC | $250,000 | |
| Listed by Aero Realty, LLC | |||
   | |||
| Feb 15, 2025 | In contract | - | |
| In contract | |||
| Feb 14, 2025 | Sold | ||
| Sold | |||
| Jan 29, 2025 | Listed by Compean Group | $165,000 | |
| Listed by Compean Group | |||
| | |||
|
7,500 sq ft lot ready for development. Measures 50' wide x 150' deep. Currently has a 1,088 sq ft house with 9-10' ceilings. Great investment play with multiple exit strategies very near the Fulton MetroRail line. 1)Can remodel the main home and keep as a rental. 2)Subdivide the land and keep the house on 1 lot and build another home at the rear. 3)Create a duplex with the existing structure by adding a 2nd new construction unit to the back. 4)Or you can tear down and replat this lot into 3-4 lots. Please verify all options with your architect and general contractor. Property was last rented in 2021, has been vacant and without utilities since then. Please drive by and walk the exterior. OWNER FIN AVAIL.
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About North Houston
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Listed by: Evan Compean, Compean Group
Last Updated: 5 months ago
Data Source: HAR , MLS# 61455305
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Last Updated: 5 months ago
Data Source: HAR , MLS# 61455305
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