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1403 24th Street
About This Property
Discover a rare investment opportunity with this versatile lot located near the scenic shores of Galveston Bay. 50 x125 lot, this property features a 40x18x6 concrete slab, providing a foundation for future development, and is already equipped with essential utilities(100 amp electric pole, water, and sewer tap) for effortless planning. Set in a prime location, you'll be minutes away from popular dining destinations, making it perfect for building your dream home or a vacation retreat. Enjoy the freedom to design as you please, with no HOA restrictions-only the light regulations of Galveston County apply. Don't miss your chance to own a slice of coastal paradise close to everything.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 21, 2025 | Sold | ||
| Sold | |||
| Feb 27, 2025 | In contract | - | |
| In contract | |||
| Oct 28, 2024 | Listed by Red Diamond Realty | $65,000 | |
| Listed by Red Diamond Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017