1734 Gee Street
About This Property
Griffith Lake Estates is a new development that is located off of Griffith Road approximately one half mile north of E.N. 10th street - just minutes from Abilene Christian University. The development provides a unique, tucked away living experience while still being within minutes drive of Abilene Christian University, Hendrick Hospital, Hardin Simmons University, Texas Tech Health Sciences Center, shopping and schools.
Phase 1 of this new home development sits on approximately 54 acres with beautiful views of ACU's campus to the west along Rainy Creek meandering near the community's exterior.
The property includes Griffith Lake, an approximately 13 acre private lake with dock access that is available to residents for water sports, fishing, and relaxation. A community swimming pool sits overlooking Griffith Lake.
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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 |
|---|---|---|---|
| Feb 20, 2026 | Sold | ||
| Sold | |||
| Feb 6, 2026 | In contract | - | |
| In contract | |||
| Jan 23, 2026 | Price Decreased |
$39,500
↓ $8K
(16%) | |
| Price Decreased | |||
| Aug 13, 2025 | Listed by Coldwell Banker Apex, REALTORS | $47,000 | |
| Listed by Coldwell Banker Apex, REALTORS | |||
| Jan 9, 2025 | No longer available | - | |
| No longer available | |||
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About Abilene Heights Area
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017