1643 Road 5601
About This Property
Discover the perfect spot to build your dream home on this well-positioned residential lot located right in the heart of Cleveland, Texas. Situated just minutes from local elementary schools, this lot is ideal for families seeking both comfort and convenience. Situated along U.S. Route 59 (Interstate 69)and Tx-99, Cleveland offers convenient access to Houston and other parts of southeastern Texas. Please Verify all information.
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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 |
|---|---|---|---|
| Jul 22, 2026 | Listed by Epique Realty LLC | $32,500 | |
| Listed by Epique Realty LLC | |||
| Jul 1, 2026 | No longer available | - | |
| No longer available | |||
| May 27, 2026 | Price Decreased |
$32,500
↓ $3K
(7.1%) | |
| Price Decreased | |||
| Jan 25, 2026 | Price Decreased |
$35,000
↓ $5K
(12.5%) | |
| Price Decreased | |||
| Oct 5, 2025 | Listed by Epique Realty LLC | $40,000 | |
| Listed by Epique Realty LLC | |||
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Prime Residential Lot in the Heart of Cleveland, TX.
Discover the perfect spot to build your dream home on this well-positioned residential lot located right in the heart of Cleveland, Texas. Situated just minutes from local elementary schools, this lot is ideal for families seeking both comfort and convenience. Situated along U.S. Route 59 (Interstate 69)and Tx-99, Cleveland offers convenient access to Houston and other parts of southeastern Texas. Please Verify all information.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017