42
Map
$730,000
●
House -
For Sale
1215 Malone Street
Houston, TX 77007
3 Beds
2 Baths,
2
Half Baths
2,902 Ft²
$4,591
Est. Monthly
About This Property
Elevated living in the heart of Rice Military. A three-story
Mediterranean-inspired home with stucco-and-stone architecture,
hardwood floors, and crown molding throughout. The main level
centers on a living room anchored by a gas fireplace and custom
arched built-ins, opening to a dining space with built-in wine rack
and beverage cooler. The kitchen features Bosch appliances, gas
cooktop, double ovens, granite counters, and a large island with
breakfast bar pass-through.The primary suite offers tray-ceiling
lighting, a custom walk-in closet, and a bath with double vanities,
deep soaking tub, and separate walk-in shower. A secondary bedroom
has its own ensuite and private balcony. The third floor is built
for entertaining: a media room with tiered seating, projection
screen, surround sound, and granite wet bar, plus a covered rooftop
patio. Outside, low-maintenance turf, a covered patio, and a fenced
yard. Two-car garage. No HOA. Walkable to Memorial Park,
restaurants (EL TIEMPO!).
Unit Size
2,902 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$252
Property Type
House
Property Taxes
$1,006
HOA Dues
-
Year Built
2010
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: 23 days ago (HAR #14711282)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 11, 2026 | Listed by SERHANT. | $730,000 | |
| Listed by SERHANT. | |||
| Aug 19, 2025 | Listed | $749,000 | |
| Listed | |||
| | |||
|
First-floor living, elevated upgrades, and a prime location—welcome to 1215 Malone Street. Perfectly positioned near Memorial Park and Washington Ave, this home offers stylish and functional living across a well-designed floor plan. The main level features first-floor living, with a kitchen and living area designed for both comfort and entertaining. Throughout the entire home, you’ll find crown molding, recessed ceilings, and wood blinds, adding a refined touch to every room. In the kitchen, you'll find Bosch appliances, a wine bar, and a large island. The generous primary suite showcases a double shower, tray ceiling lighting, and a custom walk-in closet. Additional highlights include built-ins in every closet, a laundry room with cabinetry and direct access from the primary closet, and an EV charger. Upstairs, the game room includes surround sound, mini fridge, and access to the third-story patio—perfect for relaxing or hosting. Designed for comfort, placed for convenience.
| |||
| Jul 3, 2025 | Price Decreased |
$700,000
↓ $25K
(3.5%) | |
| Price Decreased | |||
| Jun 3, 2025 | Listed | $724,999 | |
| Listed | |||
| | |||
|
First-floor living, elevated upgrades, and a prime location—welcome to 1215 Malone Street. Perfectly positioned near Memorial Park and Washington Ave, this home offers stylish and functional living across a well-designed floor plan. The main level features first-floor living, with a kitchen and living area designed for both comfort and entertaining. Throughout the entire home, you’ll find crown molding, recessed ceilings, and wood blinds, adding a refined touch to every room. In the kitchen, you'll find Bosch appliances, a wine bar, and a large island. The generous primary suite showcases a double shower, tray ceiling lighting, and a custom walk-in closet. Additional highlights include built-ins in every closet, a laundry room with cabinetry and direct access from the primary closet, and an EV charger. Upstairs, the game room includes surround sound, mini fridge, and access to the third-story patio—perfect for relaxing or hosting. Designed for comfort, placed for convenience.
| |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Attached
Garage Spaces: 2
Interior Details
Half Bathrooms: 2
Full Bathrooms: 2
Interior Features: Crown Molding, Dry Bar, All Bedrooms Up, En-Suite Bath, Primary Bed - 2nd Floor, Sitting Area, Walk-In Closet(s)
Appliances: Disposal, Refrigerator, Wine Refrigerator, Double Oven, Electric Oven, Microwave, Gas Cooktop, Dishwasher
Flooring Type: Carpet, Tile, Wood
Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
Has Fireplace
Fireplaces: 1
Exterior Details
Square Footage: 2902
Architectural Style: Mediterranean
Year Built: 2010
Building Area Total: 2902
Window Features: Window Coverings
Construction Materials: Stone, Stucco
Patio and Porch Features: Covered, Patio
Lot Features: Subdivided, 0 Up To 1/4 Acre
Lot Size Area: 0.0574
Lot Size Units: Acres
Lot Size Acres: 0.0574
Lot Size Square Feet: 2500.344
Water Source: Public
Financial Details
Tax Annual Amount: $12,077
Utilities Details
Cooling Type: Electric, Zoned
Heating Type: Natural Gas, Zoned
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
Beds
Baths
ft²
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Closing Price
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HOA + Taxes
About Central Houston
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Listed by: Michael Bass, SERHANT.
Last Updated: 23 days ago
Data Source: HAR , MLS# 14711282
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Last Updated: 23 days ago
Data Source: HAR , MLS# 14711282
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