19
Map
$509,000 Last Listed Price
●
House -
Off Market
1407 Malone Street
Houston, TX 77007
2 Beds
1 Bath
1,245 Ft²
$3,196
Est. Monthly
4.30%
Cap Rate
About This Property
Opportunity knocks in the sought-after Woodcrest neighborhood! This
5,000 sq. ft. lot offers a prime location for your next build or
investment. While a house currently sits on the property, this lot
is being sold at lot value, making it an ideal choice for new
construction or redevelopment. Located in a desirable area with
easy access to shopping, dining, and top-rated schools, this lot
provides endless possibilities for builders, investors, or buyers
looking to create their dream home. Don't miss out on this rare
chance to secure a prime piece of real estate in Woodcrest! Sold
as-is, no repairs.
Unit Size
1,245 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$409
Property Type
House
Property Taxes
$696
HOA Dues
-
Year Built
1910
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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: 4 months ago (HAR #51040327)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 6, 2026 | Sold | ||
| Sold | |||
| Feb 12, 2026 | In contract | - | |
| In contract | |||
| Jan 23, 2026 | In contract | - | |
| In contract | |||
| Jan 22, 2026 | Listed by RA Brokers | $689,000 | |
| Listed by RA Brokers | |||
   | |||
|
Exquisite new construction in the heart of Rice Military. Ideally located near Memorial park, restaurants, shopping, and zoned to highly sought after Memorial elementary (buyer to verify eligibility). Features private driveway and first floor living. Downstairs is filled with natural light from large windows that overlook a fenced backyard. The dining area includes a dry bar with custom cabinetry and a beverage fridge. Chef's kitchen complete with a large island along with stainless steel appliances and a custom vent hood. Upstairs, the expansive primary suite is highlighted by a vaulted ceiling and a luxurious bath. The primary bath features built in cabinetry, a freestanding tub, a large walk-in shower, a skylight that fills the space with natural light. The walk-in closet offers built in shelving, along with a separate dressing area and vanity. Located on the second floor is a versatile flex space that can serve as a study or media room. Must see property in a prime location!
| |||
| Jan 8, 2026 | Listed by RA Brokers | $689,000 | |
| Listed by RA Brokers | |||
   | |||
|
Exquisite new construction in the heart of Rice Military. Ideally located near Memorial park, restaurants, shopping, and zoned to highly sought after Memorial elementary (buyer to verify eligibility). Features private driveway and first floor living. Downstairs is filled with natural light from large windows that overlook a fenced backyard. The dining area includes a dry bar with custom cabinetry and a beverage fridge. Chef's kitchen complete with a large island along with stainless steel appliances and a custom vent hood. Upstairs, the expansive primary suite is highlighted by a vaulted ceiling and a luxurious bath. The primary bath features built in cabinetry, a freestanding tub, a large walk-in shower, a skylight that fills the space with natural light. The walk-in closet offers built in shelving, along with a separate dressing area and vanity. Located on the second floor is a versatile flex space that can serve as a study or media room. Must see property in a prime location!
| |||
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Central Houston
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Listed by: Creston Inderrieden, Realty Of America, LLC
Last Updated: 4 months ago
Data Source: HAR , MLS# 51040327
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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: 4 months ago
Data Source: HAR , MLS# 51040327
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