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1403 Summer Street
About This Property
Rare opportunity to own a 10,000 sq ft lot in the heart of Houston with an unbeatable view of Downtown Houston! This unique property currently features two single-family homes, but the true value lies in the land and its endless potential. With ample space and an ideal location, this lot is perfect for new construction-whether you envision multiple single-family homes, modern townhomes, or a luxury custom build, the possibilities are endless.
Enjoy the convenience of being just minutes from Houston's best dining, shopping, entertainment, and major freeways, all while capturing the beauty of the downtown skyline from your doorstep.
Don't miss out on this exceptional development opportunity in one of Houston's most desirable areas!
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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 |
|---|---|---|---|
| Oct 20, 2025 | Sold | ||
| Sold | |||
| Oct 1, 2025 | Listed by AEA Realty, LLC | $799,000 | |
| Listed by AEA Realty, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017