48
Map
$450,000
↓ $24K (5.1%)
●
House -
For Sale
1502 Tabor Street
Houston, TX 77009
4 Beds
3 Baths
1,048 Ft²
$3,217
Est. Monthly
About This Property
Exceptional investment and redevelopment opportunity in Brooke
Smith within the Greater Heights! Situated on a generous ±9,000 SF
corner lot, this unique property features a 2-bedroom, 1-bath main
home plus two separate 1-bedroom apartment units, offering
income-producing and value-add potential. Builders, investors, and
developers will appreciate the corner configuration and potential
to subdivide or replat into 2 or possibly 3 homesites, subject to
applicable requirements, approvals, and independent verification.
Located one block from Cavalcade, inside the 610 Loop, with quick
access to I-45 and Downtown Houston. Convenient to the growing
Airline Drive corridor, Houston Farmers Market, METRORail, Montie
Beach Park, restaurants, nightlife, and continued area
redevelopment. Renovate, hold for income, redevelop, or explore
subdivision opportunities-the possibilities are numerous!
Unit Size
1,048 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$429
Property Type
House
Property Taxes
$1,007
HOA Dues
-
Year Built
1943
Listed By
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: 8 days ago (HAR #41538316)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 30, 2026 | Price Decreased |
$450,000
↓ $24K
(5.1%) | |
| Price Decreased | |||
| Sep 14, 2026 | Listed by Coldwell Banker Realty - Heights | $474,000 | |
| Listed by Coldwell Banker Realty - Heights | |||
| May 27, 2026 | No longer available | - | |
| No longer available | |||
| Feb 28, 2026 | Price Decreased |
$529,000
↓ $30K
(5.4%) | |
| Price Decreased | |||
| Jan 31, 2026 | Listed by Coldwell Banker Realty - Heights | $559,000 | |
| Listed by Coldwell Banker Realty - Heights | |||
| | |||
|
Exceptional opportunity in the heart of Brooke Smith within the Greater Heights. This generous ±9,000 SF corner lot offers outstanding access just one block from Cavalcade with seamless connectivity to I-45 and inside the 610 Loop—placing Downtown Houston only minutes away. Surrounded by a vibrant restaurant and nightlife scene, this tucked-away parcel provides both privacy and urban convenience. An excellent canvas for builders or developers, with potential to subdivide and tailor architectural designs to today’s market demand. Located in a rapidly evolving neighborhood, the property is walkable to the growing Airline Drive corridor and nearby farmers market, just moments from light rail access for effortless commuting to NRG Stadium, Downtown Houston and beyond. Enjoy outdoor recreation steps away at Montie Beach Park. A rare chance to secure land in one of Houston’s most dynamic redevelopment zones.
| |||
Property Highlights
Garage
Parking Details
Has Garage
Attached Garage
Parking Features: Attached
Garage Spaces: 2
Interior Details
Full Bathrooms: 3
Exterior Details
Square Footage: 1048
Architectural Style: Traditional
Year Built: 1943
Building Area Total: 1048
Construction Materials: Wood Siding
Lot Features: Corner Lot, Subdivided, 0 Up To 1/4 Acre
Lot Size Area: 0.2066
Lot Size Units: Acres
Lot Size Acres: 0.2066
Lot Size Square Feet: 8999.496
Water Source: Public
Financial Details
Tax Annual Amount: $12,081
Utilities Details
Cooling Type: Electric
Heating Type: Natural Gas
Sewer : Public Sewer
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: Moises Arteaga, Coldwell Banker Realty - Heights
Last Updated: 8 days ago
Data Source: HAR , MLS# 41538316
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: 8 days ago
Data Source: HAR , MLS# 41538316
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017