138 Hambrick Road
About This Property
Car lovers, entrepreneurs, or hobbyists will appreciate the massive 9-car garage, complete with a finished bonus space above. Currently designed as a fun entertainment area with a pool table and lounge seating, this versatile space could easily become a home office, studio, guest quarters, or private retreat.
Situated on an oversized 29,040 sq ft lot, the home also features a private swimming pool, central vacuum system, and a large covered patio perfect for outdoor gatherings, weekend barbecues, or peaceful evenings by the pool.
Location is key, and this home delivers with quick access to Hardy Toll Road, I-45, Hwy 59, and Beltway 8, making commutes and city access simple and convenient.
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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 |
|---|---|---|---|
| May 4, 2026 | Sold | ||
| Sold | |||
| Apr 24, 2026 | In contract | - | |
| In contract | |||
| Apr 9, 2026 | Listed by JLA Realty | $450,000 | |
| Listed by JLA Realty | |||
| Jun 25, 2024 | No longer available | - | |
| No longer available | |||
| May 23, 2024 | Listed by Full Circle Texas | $550,000 | |
| Listed by Full Circle Texas | |||
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Welcome to this unique 1-story home in Houston, Texas. With 2,698 sqft, 3 bedrooms, 5 baths, and a 9-car garage with a bonus room above that comes with a pool table, and 2 futons, this property offers endless possibilities. Enjoy the in-house vacuum system, swimming pool, and a sprawling 29,040 sqft lot. Ample Opportunity and Space Await! This spacious garage is perfect for all your future projects, with a bonus room above garage that has been transformed into a bar - ideal for entertaining guests or converting into an office space or guest house. Step out onto the large covered patio and pool deck, creating the perfect setting for year-round relaxation and lounging. Plus, you'll be conveniently close to everything that Houston has to offer, with easy access to Hardy Toll Road, 45, 59 and BW8. Don't miss this rare opportunity.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017