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2001 Dolly Wright Street
About This Property
Centrally located with easy access to major Houston freeways, offering convenient commutes to Downtown, the Northwest submarket, and surrounding employment centers. Highland Heights continues to see accelerated growth, making this a prime hold-or-build opportunity for investors, builders, and developers positioning ahead of the curve.
Unrestricted acreage of this size inside Houston's urban core is increasingly rare. Whether you're assembling a development portfolio or building your next project, this site offers scale, flexibility, and location. Bring your vision - land like this won't last. Schedule your site visit today.
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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 3, 2026 | Listed by NB Elite Realty | $2,500,000 | |
| Listed by NB Elite Realty | |||
| Dec 29, 2023 | Sold | ||
| Sold | |||
| Aug 8, 2023 | Listed by CB&A, Realtors- Loop Central | $1,600,000 | |
| Listed by CB&A, Realtors- Loop Central | |||
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Attention Investors, Builders, and Developers! Don't miss out on this rare opportunity to own 4.6+/- acres of unrestricted property in the rapidly developing Acres Homes area. With numerous new constructions surrounding the property, the potential for growth and investment is immense. Enjoy easy access and a fantastic location close to everything you need. This is your chance to be part of the booming development in Acres Homes. Act fast and seize this incredible opportunity! MUST CLOSE BY DECEMBER 31, 2023.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017