$1,600,000 Last Listed Price
●
House -
Off Market
1718 Lubbock Street
Houston, TX 77007
3 Beds
2 Baths,
1
Half Bath
5,407 Ft²
$1,872,070
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model
About This Property
SPECTACULAR AND RARE 1913 loft residence, art studio, & commercial
historic property. A very rare surviving early twentieth century
corner grocery store building in Houston. Located within the
charming Old Sixth Ward on the edge of downtown, the property is
currently used as a residential loft on the 2nd floor above first
floor commercial office space (leased month-to-month). The
second floor residence accessed via 2 staircases & an elevator,
features splendid bespoke interior finishes & old world
craftsmanship. Currently set up as 3 Bedrooms, 2-1/2 Baths with
office, art studio & expansive 29x18 bonus room. Entertainer's
dream space with soaring ceilings, original architectural elements
throughout, open living floor plan & expansive second floor covered
porch on the front of the property offering spectacular downtown
views. Includes an 8 car parking lot behind the property.
Walking distance to Buffalo Bayou Park's trails and
recreational amenities. Truly a MUST SEE!!
Unit Size
5,407 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$296
Property Type
House
Property Taxes
$1,622
HOA Dues
-
Year Built
1890
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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: 5 months ago (HAR #35660694)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 29, 2021 | Sold | ||
| Sold | |||
| Jan 30, 2021 | Listed by Coldwell Banker Realty | $1,600,000 | |
| Listed by Coldwell Banker Realty | |||
| | |||
|
SPECTACULAR AND RARE 1913 loft residence, art studio, & commercial historic property. A very rare surviving early twentieth century corner grocery store building in Houston. Located within the charming Old Sixth Ward on the edge of downtown, the property is currently used as a residential loft on the 2nd floor above first floor commercial office space (leased month-to-month). The second floor residence accessed via 2 staircases & an elevator, features splendid bespoke interior finishes & old world craftsmanship. Currently set up as 3 Bedrooms, 2-1/2 Baths with office, art studio & expansive 29x18 bonus room. Entertainer’s dream space with soaring ceilings, original architectural elements throughout, open living floor plan & expansive second floor covered porch on the front of the property offering spectacular downtown views. Includes an 8 car parking lot behind the property. Walking distance to Buffalo Bayou Park’s trails and recreational amenities. Truly a MUST SEE!!
| |||
Property Highlights
Elevator
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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Baths
ft²
Price/ft²
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Asking Price
Listed On
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Sold On
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About Central Houston
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Listed by: Patrick Banks, Coldwell Banker Realty
Last Updated: 5 months ago
Data Source: HAR , MLS# 35660694
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Last Updated: 5 months ago
Data Source: HAR , MLS# 35660694
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