31
Map
$189,000 Last Listed Price
●
House -
Off Market
1227 Common Park Drive
Houston, TX 77009
3 Beds
2 Baths
728 Ft²
$1,163
Est. Monthly
About This Property
Charming 2-bedroom, 1-bath home plus additional guest suite!
Conveniently located near the University of Houston, this property
features original wood floors, a new carport, and an extra room in
the back with a full bath - perfect for guests, a home office, or
rental income potential. With its great location and endless
possibilities, this home offers an excellent investment
opportunity. Priced to sell! This property offers exceptional
convenience to Downtown Houston and major highways, including I-45,
I-10, and US-59. Just minutes from the METRO Rail, and super close
from Northside High School, the location is unmatched. Located just
minutes from the exciting East River development, you'll soon enjoy
new shopping, dining, office, and entertainment destinations right
nearby. The neighborhood is rapidly transforming, driving strong
potential for both property value growth and rental demand.
Unit Size
728 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$260
Property Type
House
Property Taxes
$235
HOA Dues
-
Year Built
1940
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 7 months ago (HAR #30446530)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 22, 2026 | Sold | ||
| Sold | |||
| Feb 17, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Feb 6, 2026 | Listed by Nan & Company Properties - Corporate Office (Heights) | $189,000 | |
| Listed by Nan & Company Properties - Corporate Office (Heights) | |||
| Dec 23, 2025 | Price Decreased |
$209,999
↓ $15K
(6.7%) | |
| Price Decreased | |||
| Nov 12, 2025 | Listed by Nan & Company Properties - Corporate Office (Heights) | $225,000 | |
| Listed by Nan & Company Properties - Corporate Office (Heights) | |||
| | |||
|
Charming 2-bedroom, 1-bath home plus additional guest suite! Conveniently located near the University of Houston, this property features original wood floors, a new carport, and an extra room in the back with a full bath — perfect for guests, a home office, or rental income potential. With its great location and endless possibilities, this home offers an excellent investment opportunity. Priced to sell! This property offers exceptional convenience to Downtown Houston and major highways, including I-45, I-10, and US-59. Just minutes from the METRO Rail, and super close from Northside High School, the location is unmatched. Located just minutes from the exciting East River development, you’ll soon enjoy new shopping, dining, office, and entertainment destinations right nearby. The neighborhood is rapidly transforming, driving strong potential for both property value growth and rental demand.
| |||
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 Central Houston
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Vianey Del Castillo, Nan & Company Properties - Corporate Office (Heights)
Last Updated: 7 months ago
Data Source: HAR , MLS# 30446530
Copyright © 2026, Houston Realtors Information Service, Inc. Information provided is exclusively for consumers’ personal, non-commercial use and may not be used for any
purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Last Updated: 7 months ago
Data Source: HAR , MLS# 30446530
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017